| Show 5 Sf J. J R R. R No 2 i By i i and Hopkin Hopkin A Ai JOINT RESOLUTION OF THE SENATE AND HOUSE O 0 I F REPRESENTATIVES OF THE THIRTY SECOND LEGISLATURE 0 OF F T THE H E ESTATE STATE OF UTAH PROPOSING PRO- PRO POSING TO AMEND SECTION SECTION SECTION SEC- SEC i TION 3 OF ARTICLE X OF I THE CONSTITUTION OF THE STATE OF UTAH PROVIDING FOR PROCEEDS PROCEEDS PROcEEDs PRO PRO- OF SALE OF SCHOOL LANDS AND ROYALTIES FROM MINERAL MINERAL MIN MIN- ERAL LEASES OF SCHOOL LANDS TO BE A PART PARTi i OF THE STATE SCHOOL FUND Be x by the Legislature Legisla Legisla- ture ture-of ture of the 3 State e of Utah two thirds of aU U mem members ers ele each h of the two Louses r voting in fa favor 17 0 r thereof i i Section 1 It is proposed to amend Sec 3 of Article X of the Constitution of the State o of Utah to read See Sec 3 The proceeds 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 f the common schools royalties royalties royalties royal royal- ties received by the state as asa asa asa a result of mineral leases ot of lands that have been or may hereafter be granted by the United States to this state for support of the common schools and Sand five per of oJ the net proceeds of the sales of United States public lands lying within within with with- in in the state and sold by oy the United States subsequent to i i I the admission of thiS thid state Into Into into In In- to the Union shall be and re remain rd- rd main a permanent fund to b be called the State School Fund the interest of which only shall shan be expended for the support support sup sup- support port of the common schools The interest on the State School Fund the proceeds of all property that may accrue to the state by the escheat or forfeiture all unclaimed shares share and dividends of any corporation corporation corporation corpora corpora- tion incorporated under the laws of this state the proceeds of the sales of timber and the rentals received by the bie state from school and state lands other than those granted for specific purposes shall with such other 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 Uniform Uni Uni- form School Fund shall be maintained and used for the support of the common and public schools of the state add apportioned in such manner Uthe M U- I the legislature shall provide The Thew provisions of Section 7 7 1 Article XIII of this Constitution Constitution I tion sh shall be construed as limi limitation 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 and further no moneys allocated to the Uniform Uni- Uni Uniform Uni uni- f form rm School Fund shall shaH be considered considered considered con con- in fixing the rates of taxation specified in Section 7 I of Article XIII Section 2 The Secretary of State is directed to submit this proposed amendment to the I electors of the State of Utah at the next general election I in the manner provided by law I I |
