White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1916-11-05
PROPOSED CONSTITUTIONAL
AMENDMENTS

To be voted on at General Election
OF 1915:
Proposed Constitutional Amendment
No. 17-Assembly Joint and Con-
current Resolution, relative to amend
ing section three or article eleven OF
the Constitution of the State of Ne
vada. permitting investments of
permanent school fund in bonds of
Nevada counties or farm loans.)
proposed and passed at the Twen-
ty- sixth session of the Legislature,
March 26, 1918, Statutes of 1913,
page SCI, agreed to and passed at the
Twenty-Seventh session of the Legis-
lature, February 4, 1915, Statutes of
1915, page 513, and subject to ratif-
cation by the people at the general
election of 1850
Resolved by the Assembly, the SEN
ate concurring, that section three of
article eleven of the constitution of
the State of Nevada be amended to
read as follows:
Section 3. All lands, including the
sixteenth and t%hirty-sixth sections In
any township donated for the benefit
OF public schools in the act of the
Thirty-eighth Congress, TO enable the
people of Nevada territory to form a
state government. the thirty thousand
acres of public lands granted by an
act of Congress, approved July second
A. d. eighteen hundred and sixty-two,
for each senator and representative
in Congress. and all proceeds of lands
that have been of may hereafter be
granted or appropriated by the United
States TO this state, and also the five
undred thousand acres of land grant
ed to the new states under the act of
Congress distributing the proceeds of
the public lands among the several
states of the Union, approved A.. d.
elBnlceu nuHuItu anu iofly-Out,
provided, that Congress make pro-
vision for or authorize such diversion
to be made for the purpose herein
contained; all estates that may es-
cheat to the state; all of such per
oentum as may be granted by Con-
gress on the sale of lands; all fines
collected under the penal laws Of the
state; all property given or bequeath-
ed to the state for educational pur-
poses. and all proceeds derived from
any or all of said sources, shall be
and the same are hereby solemnly
pledged for educational purposes,
and shall not be transferred to any
other funds for other uses; and the
interest thereon shall, from time to
time, be apportioned among the sev-
eral counties as the legislature may
provide by Law and the legislature
for the sale of floating land war
rants TO cover the aforesaid lands.
and for the investment of all proceeds
derived from any of the above
mentioned sources. in United States
bonds, or the bonds of this state or
the bonds of other states of the
Union or the bonds of any county in
the State of Nevada: or in loans at a
ate OF interest of not less than six
per cent per annum, secured by
mortgage on agricultural lands In
this state OF not less than three
times the value of the amount loan
ed exclusive of perishable improve
ments. or u~nexeeptional title and
free from all encumbrances. said
loans TO be under such further r~estric-
tions and regulations as may be pro-
vided by law; provided. that the in
trest only of the aforesaid proceeds
shall be used for educational purpos-
es. and any surplus interest shall be
added Il the principal sum: and pro-
vided further, that such portion of
said interest as may he necessary may
be appropriated for the support of
the state university.
Proposed Constitutional Amend
ment No. =.
No. Senate Concurrent Resolu-
tim relative IN amending section