The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1916-10-07
PROPOSED CONSTITUTIONAL
AMENDMENTS
To Be Voted on at General Election
of 1916
Proposed Constitutional Amendment
M

No. 17-Assembly Joint and Con-
current Resolution relative to amend
ing section three of article eleven Df
the Constitution of the State of Ne
yada. Permitting investment of per-
manent school fund in bonds of Ne
vada counties or farm loans)
proposed and passed at the Twen-
ty-Sixth Session of the Legislature
March 26. 1913, Statutes of 1913, page
sol, agreed to and passed at the
Twenty Seventh Session of the Legis-
lature, February 4, 1915, Statutes of
1915. page 513, and subject to ratifi-
cation by the people at the general
election of 1860
Resolved by the Assembly, the Sem
ate concurring, That section three of
article eleven of the constitution of
the State of Nevada be amended to
read as follows:
Section 8. All lands, including the
sixteenth and thirty-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 sec
ond, A. ID. eighteen hundred and
sixty-two, for each senator and rep
resentative in Congress, and all pro-
ceeds of lands that have been or may
hereafter be granted or appropriated
by the United States to this state and
also the five hundred thousand acres
of land granted to the new states un-
der the act of Congress distributing
the proceeds of the public lands
among the several states of the I'm
ion, approved A. ID. eighteen hundred
and forty-one: Provided, that Con-
gress make provision for or authorize
such diversion to be made for the
purpose herein contained; all estates
that may escheat TO the state; all OF
such percentum as may be granted
by Congress on the sale Of lands all
fines collected under the penal laws
of the state; all property given or
bequeathed to the state for education
al purposes, 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 several coun-
ties as the legislature may provide
by law; and the legislature shall pro-
vide for the sale of floating land war
rants to cover the aforesaid lands,
and for the investment of all pro-
ceeds 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
of the bonds of any county In the
State of Nevada; or in loans at rate
of interest of not less than six per
cent per annum, secured by mort
sage on agricultural lands in TINS
tate of not less than three times the
yalue of the amount loaned, exclusive
# perishable improvements, OF un
EXCEPTIONAL title and free from all en-
,umbrances, said loans to be under
such further restrictions and regu-
lations as may be provided by law
Provided, that the interest only of'the
aforesaid proceeds shall be used for
educational purposes. and any sur
plus interest shall be added to the
principal sum; and Provided further
that such portion of said interest as
may be necessary may be approprl-
ated for the support of the state uni
versity.
Proposed Constitutional Amendment
No. 2
No. Senate Concurrent Resolu-