Show S S. S SJ J. J R R. R No 2 By Dy and m mA A JOINT RESOLUTION OF TilE THE SENATE AND HOUSE O 0 OF F REPRESENTATIVES OF m THE TilE THIRTY SECOND LEGISLATURE O 0 OF F THE TILE STATE OF UTAH PROPOSING PROPOSING PRO PRO- POSING TO AMEND SECTION SECTION SECTION SEC- SEC TION 3 OF ARTICLE X OF THE CONSTITUTION OF THE STATE OF UTAH UT PROVIDING F FOR 0 R P PROCEEDS PROCEEDS PRO PRO- R 0 OF SALE OF SCHOOL LANDS AND ROYALTIES FROM MINERAL MINERAL MIN MIN- ERAL LEASES OF SCHOOL LANDS TO BE DE A PART OF THE STATE SCHOOL FUND Be it res resolved by the Legislature Legislature Legisla Legisla- ture of the State of Utah two-thirds two of all members elected to ear each of the tile two houses voting in I f favor a v o 0 r thereof 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 of lands that have been or may hereafter be granted by the United States Slates to this state for support of the common schools and five per of the net proceeds of the sales of United States public lands lying within within within with with- in the state and sold by the United States subsequent to the admission of this state sUite in into into into in- in to the Union shall be and re remain remain remain re- re main a permanent fund to be called the State School Fund the interest of which only shall be expended for the support sup support port part of the common schools school The interest on the State School Fund und the proceeds of all aU property that may accrue to the state by the escheat or forfeiture all unclaimed shares 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 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 and apportioned in such manner as the legislature shall provide The provisions of Section 7 Article XIII of this Constitution Constitution 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 and further no moneys allocated to the Uniform Uniform Uni Uni- form School Fund shall be considered considered considered con con- in fixing the rates of taxation specified in 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 law v. |