Show constitutional AMENDMENT NO I 1 proposing to amend section 1 article XIV of the constitution of utah reat ng to state indebtedness A ont resolution providing an to semon 1 article XIV il of the constitution of the state of utah relating to state debt limitation he be it enacted by the legislature of 0 the sate of utah two thirds of all the members elected to each of the t to 0 houses concurring therein section 1 that it is proposed pio posed to amend petion 1 article 14 ot of the constitution of the state ot of utah I 1 so that the same will read as follows soe see 1 to meet casual deficits or failures in reenee ree nue and for necessary e endi tures tor for purposes including the erection of public build in s and for the payment of all ter rito ri tonal lial indebtedness indebted nesb assumed by the state the state may contract debts not in the aggregate abrogate at any one time ahne an amount equal to 2 per of the alue of the taxable la cable property of the state as shown by the I 1 last a st assessment for state purposes r anions to tile tho incurring of such indebtedness debt deit edness but the state shall never contract any indebtedness except as in the not next no t petion SG tion provided ded in excess or of such cueli amount and all moneys aris ans in ins from loans herein authorized shall tie hil applied solely to the purposes for which they were obtained see sec 2 the secretary of state is horchy directed to submit this proposed amendment to the electors of the lie state at the net general election in the manner provided by law sec 3 it if adopted by the electors of the state this amendment shall talco tako effect january 1 1923 1023 |