Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-10-07
Proposed Constitutional
Amendments
To Be Voted On at General Election
of 1916
PROPOSED CONSTITUTIONAL
AMENDMENT NC.

No. 17-Assembly Joint and Concur
rent Resolution, relative to amend
ing section 3 OF article II of thu
Constitution of the State of Ne.
vada. Permitting investment OF
permanent school fund in bonds OF
Nevada counties or farm loans.
Proposed and passed at the Twen-
ty-SlNth Session Of the Legislature.
March 20, 1913, Statutes of 1913.
page 59l, agreed to and passed at the
Wenty-SeVenth Session OF the Leo
1slature, February 4, 1915. Statutes
OF 1915, page 513, and subject to rati-
h'ation by the people at the general
election of 1901
Resolved by the Assembly, the
Senate concurring, That section 3
OF article II of the constitution Of the
state of Nevada be amended to read
as follows:
Section 3. All lands, including the
sixteenth and thirty-siNth sections in
any township donated for the benefit
Ct public schools in the act Of the
Ihrty-cighth congress, to enable the
people Of Nevada Territory to form
4 state government. the 10000 acres
public lands granted by an act Of
congress, approved July ID, \. d.
1902, for each senator and rcprcscn.
-"t1Nc III congress. and all proceeds
)t lands that have been or NAV here
alter be granted or appropriated bl
lie United States to this state, and
the 100000 acres OF land granted
o the new states under the act Of
congress distributing the proceed; Of
he public lands among the several
iatcS of the Union, approved \. D..
"4l; provided, that ongrcss make
roN1s1on for or authorize such Ii
crsion TO be made for the purpo>,
ereln contained; all estates that NAV
Sthcat TO the state: all Of such per ,
'ntum as may be granted by con- <
TeSS on the sale Of lands; all fines (
)llcCted under the penal laws Of the :
ate; all property given or b~cQucath- )
| 10 the state for educational pur-
>ScS. and all proceeds derived from !
" or all OF said sources. shall be !
I'd tie same are hereby s~olcrnn,v !
edged tor educational purposes. and !
ali no. be transferred to any other !
nds for other uses; and the inter :
t thereon shall, fro mtimc to time, =
apportioncd among the several ;.
as the legislature may pro- +
lie by law; and the legislature shall +
Divide for the sale Of floating land +
'rrants to tie aforesaid lands, +
d for the investment OF all pro- .
eds derived from any of the above +
'ntlOncd sources, in United States +
ndS, or the bonds Of this state. or (
: bonds of other states of the :
ION. or the bonds OF any county in +
state of Nevada; or in loans at a +
c of interest of not less than 6 per (
1t per annum, secured by mort. .
ge on agricultural lands in this +
b
te OF not less than three times the (
lie OF the amount loaned, exclusive +
per1shable Improvements, of uncN~ +
title and free from all en- +
.lbranccs, said loans to be under +
h further restrictions and rcgula- +,
IS as may be provided by law; =
that the interest only of the =
-esald proceeds shall be used fer !
purposes, and any sur !
interest shall be added 10 the !
c1pal sum; and provided further, I
such portion of said interest as !
be necessary may be appropriate
or the support Of the state uni
!