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Show Proposed Constitutional Amend- H ment No. 3. H SENATE CONCURRENT RESOLUTION jH BBB A concurrent resolution providing an H amendment to Section 1, Article XIV BBB or the Constitution or tho Stato of BBBB Ltah, relating to Stato debt limitation BBI Be It enacted bv the Legislature ot tho BBBB Stato or Utah, two thirds or all tho mem BBBB bcra olected to each of tho two -House) BBBB concurring therein BBBB Section 1. That It is proposed to amend BBBB Section 1. Article 14. of tho constitution BBBB of the Stato 'of Utah, so that the same BBBB 'will read as follows BBfl Section 1 To moot casual deficits or H faJ'uros In revenue and for ncccssruy ex HBpJ pcndltures for public purposes, Including the erection of public buildings, and for BBBB the payment of all territorial Indebtedness assumed bj the State, the State maj con BBBB tract debts, not exceeding In the aggre H gate at anv one time, an amount equal to IBpH 2 perccntum of tho value of the taxable BBBJ property of tho State, as shown bj BBBI the last assessment ror State purpose-, H previous to the incurring or such indcbl ' JBl cdness. But tho State shall never cor- BBBI tract any Indebtedness except as lu th" HBB1 next section provided. in J excess o' BBBI such amount, and all moneys arising JBBJ fr?m loans heroin authorized, shall be ap JBBJ piled solelj to the purposes for which thej H were obtained BBBJ Sec 2 The Secretary of State is hereby BBBJ dliectcd to submit this proposed amend BBBJ ment to the electors of the Stato at the JBBJ next general election In the manner pro- JBBJ v Idcd by law. BBBJ .Sec 3 Ii adopted bj tho electors o( BBBJ the State, this amendment shall take ef BBBJ feet Jnnuaiy 1. 1921. BBBJ Approved March IS. 1919. BBBJ |