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Show Proposed Constitutional Amendment Amend-ment No. 3. SENATE CONCURRENT RESOLUTION l aWM A concurrent resolution providing an j amendment lo Section 1. Article XIV. H of the Constitution of the Slate of I'tah. relating to State debt limitation. Be it enacted hy the Legiafaturc of the mmm mm bera elected to each of tho two Houses H concurring therein: Se. tun 1. Thai it la proposed to amend Section i. Article n or the constitution IH ..I (Ii. Vlnl.. -f..K n that tht imi aH read as follows: Section 1. To meet casual deficits or tH failures in revenue, and for necessary' ex- i ndlturt t for public purpoeee, Including the erection of public buildings, and for ill th.- aym nt of all t rrltorlal indebtedness nssumetl l the State, the State may con- jH Lracl debts, not exceeding in the aggre- H gale al any one time, nn umount equal to iW Oi i centum of the value of the taxable property of the State, as shown by 'the last aaaei foi State purposes. previous to the incurring of such Indebt- dm ss. Hut the Stale ahnll never con-tract con-tract any intlcbtedn i . xcept as in the H next section provided. In exceaa of l I such amount, and ull moneys arising from I..-,-, herein authorized, shall be ap-plieel ap-plieel solid-, to the purposes for which they .were obtained. Sec. 2. Th Secretary of State Is hcrebv I f directed to submit this proposed amend-ment amend-ment to tho electors of the Stute at the next general i leet Ion In the manner pro- vlded See. 3. If adopted by the electors of tbe State, this nn-endment shall take ef- January 1. 1121. Approved March 1$. 1919. , |