White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1916-10-22

es, and any surplus interest shall be
added to the principal sum; and pro-
vided further, that such portion of
said interest as may be necessary may
be appropriated for the support of
the state university.
Proposed Constitutional Amend
ment No. 2.
No. Senate Concurrent Resolu-
ton. relative to amending section
three of article nine of the Constitu-
ton of the State of Nevada. tAllow-
ing increase of bonded Indebtedness
of State from 100000 to l per cent
OF assessed valuation of State.)
, Proposed and passed at the Twen-
ty-sixth Session of the Legislature
March IA, 1913, Statutes of 1913,
page 5S5, agreed to and passed at
the Twenty-Seventh Session of the
Legislature, February &, 1915, and
subject to ratification by the people
at the general election of 1850
Resolved by the Senate. the AS
sembly concurring, that section three
of article nine of the constitution of
the State of Nevada be amended so
as to read as follows:
Section 3. The state may contract
public debts, but such debts shall
never in the aggregate, exclusive of
interest, exceed the sum of one per
cent of the assessed valuation of the
state. as shown by the reports of the
county assessors to the state control
Ter, except for the purpose of defray-
ing extraordinary expenses. as here
matter mentioned. Every such debt
shall be authorized by law for some
purpose or purposes, to he distinctly
specified therein; and every such law
shall provide for levying an annual
tax sufficient to pay the interest semi
annually and the principal within
twenty years from the passage of
such law and shall specially appro-
pirate the proceeds of said taxes to
the payment of said principal and in
%terest; and such appropriation shall
not be repealed, nor the taxes post
poned or diminished, until the prin-
oipal and interest of said debts shall
have been wholly paid. Every con-
tract of Indebtedness entered into or
assumed by or on behalf of the state,
when all its debts and liabilities
amount to said sum before mention
ed, shall be void and of no effect, ex-
cept in cases of money borrowed to
repel invasion, suppress instruction,
defend the state in time of war, or, If
hostilities be threatened, provide for
the public defense.
State of Nevada, County of White
Pine, SIS.
!. f. d. Oldfield, the duly elected
qualified and acting County Clerk oil
the County Of White Pine, State oil
Nevada, do hereby certify that the
foregoing is a full, true and correct
copy OF a Certified Copy of the Orig
inal proposed Constitutional Amend
ment No. l entitled, Assembly Joint
and Concurrent Resolution, relative
to amending Sec. 3 of Article IL OF
the Constitution of the State of Ne
vada." approved Mar. 26. 1913-Feb.
4, 1915. Permitting investment OF
permanent school funds in bonds oil
Nevada Counties or farm loans), also
proposed Constitutional Amendment
No. . entitled Senate Concurrent
Resolution. relative to amending
Section 3 of Article 9 of the Consti-
tuition of Nevada" approved Mar. IA
l913-Feb. s. 1915. tallowing In
~lcrease of bonded Indebtedness oil
State from 100000 to l per cent OF
assessed valuation of State,) as re-
quired under Sec. so of an Act en-
titled An Act relating to Elections