Show S S. S J J. J R R. R No 2 By 13 and Hopkin A JOINT RESOLUTION OF TilE THE SENATE AND HOUSE O 0 OF F REPRESENTATIVES OF TIlE THE THIRTY SECOND LEGISLATURE 0 OF F TilE THE STATE OF UTAH PROPOSING PROPOSING PROPOSING PRO- PRO POSING TO AMEND SECTION SECTION SEC SEC- TION 3 OF ARTICLE X OF THE TILE CONSTITUTION OF THE STATE OF UTAH PROVIDING F FOR 0 R P PROCEEDS PROCEEDS PRO PRO- R 0 OF SALE OF SCHOOL LANDS LAN D SAN AND D ROYALTIES FROM MINERAL MINERAL MINERAL MIN MIN- ERAL LEASES OF SCHOOL LANDS TO BE A PART OF TIlE THE STATE SCHOOL FUND Be it resolved by the Legislature Legislature Legisla Legisla- Legislature ture of the State of 01 Utah two thirds of all members elected to each of 01 the two houses voting toting in f fa favor a v tI o 0 r thereof I no Section 1 1 It Is proposed to amend Sec 3 of Article X of the Constitution of the State of Utah to read Sec 3 The proceeds of the sales of all lands that have been or may hereafter be granted by the United States to this state for the support of the common schools royalties royalties royalties royal royal- ties received by the state as asa asa asa a result of mineral leases o of lands that have been or may hereafter be granted by the United States to this state for Cor support of the common schools and five per of the ne net proceeds of the sales of United States public lands lying within with with- in m the state and sold by the United States subsequent to the he admission of th this state slate Into into Ino In- In to o the Union shall be and re remain remain remain re- re main a permanent fund to bl ba be called the State School Fund the he interest of which only shall hall be expended for the su IU suI sup sup-i I I port ort of the common schools The Interest on the State Stat School Fund the tho proceeds of or all property that may accrue to the state by the escheat or forfeiture all unclaimed shares share and dividends of any corporation corporation corpora- corpora tion ion incorporated under the the- laws of this state the proceeds of the sales of timber and the tho rentals received by the state from school and state lands other than those granted for specific purposes shall with such other ollier revenues as the legislature may from time to time allot thereto constitute a fund to be known as the Uniform Uniform Uniform Uni Uni- form School Fund which Uniform Uniform Uni Uni- form School Fund shall be b maintained and used for the the- support of the common and public schools of the state and apportioned in such manner as the legislature shall provide The provisions of ot Section 7 7 Article XIII XHI of this Constitution tion shall be construed as limitation limitation limitation limi limi- tation in the rate of taxation on tangible property for district district district dis dis- dis- dis school purposes and not noton noton noton on the amount of funds available available available avail avail- able there Cor and further no moneys allocated to the Uniform Uniform Uni- Uni uniform Uni uni- form School Fund shall be considered considered considered con con- in fixing the rates of taxation specified In iu Section 7 of Article XIII Section 2 The Secretary of State is directed to submit this proposed amendment to the electors of the State of Utah at the next general election in the manner provided by I law |