The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1916-10-13
proposed Constitutional Amendment

81 'fOpOSeu tOnstitutiOhai Amendment
- No. J..
|, 10. 17-Assembly Joint and Con-
h, current Resolution, relative to
amending section three of article
. eleven of the constitution of the
Il State of Nevada. Permitting in
Il vestment OF permanent school
il fund in bonds of Nevada counties
!, or farm loans. ]
d Proposed and passed at the
:. TwentySixth Session of the Legisla-
(, .ure, March 2G, 1913, Statutes OF
!, 1913, page Sol, agreed to and pass
!, ed at the Twenty Seventh Session of
I the Legislature, February 4, 1915,
|, Statutes of 1915, page 513, and sub
/, ject to ratification by the people al
i the general election Of 1885,
Resolved by the Assembly, the
. Senate concurring, That section three
Of article eleven of the constitution
!. of the State of Nevada be amended
l t. read as follows:
4 oItllSh All ldnh6f
, the sixteenth and thirty-sixth sec
(, tons in any township donated for the
/, benefit Of public schools in the act
/, of the Thirty-eiglth Congress, to en-
: able tie people of Nevada Territory
to form state government, thir-
, ~ thousand acres of public lands
ora cd Lx nj Of
, proved July second, A. d. eighteen
hundred and sixty-two, for each sen
. ator and representative, in Congress,
and all proceeds OF lands that have
been or may hereafter be granted or
7, appropriated by the United States
to this state, and also the five hun
dred thousand acres of land granted
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.
eighteen hundred and forty-one;
provided, that Congress make pro-
vision for or authorize such diversion
to be made for the purpose herein
contained; all estates that may
escheat to the state; all of such per
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 sew
eral counties as the legislature may
provide by law; and the legislature
shall provide for the sale of floating
land warrants to cover the aforesaid
lands, and for the investment of all
proceeds derived from any of the
aforementioned sources, in United
States bonds, or the bonds of this
state, or tue bonds of other states OF
the Union, or the bonds on any coun
ty in the State of Nevada; or il
loans at rate of interest of not les.
than six per cent per annum, secure,
by mortgage on agricultural lands il
this state of not less than three time
the value OF the amount loaned, ex
elusive of perishable improvements
OF unexceptional title and free from
all encuInbrances, said loans to b
under such further restrictions an
regulations as may be provided b
law; provided, that the interest onl
of the aforesaid proceeds shall b
used for educational purposes, an
any surplus interest shall be adde
to the principal sum- and provide
further, that such portion of said il
terest as may be necessary may /
h appropriated for the support of IL
4 state university.
Proposed Constitutional Amendmel
No. 2
* No. Senate Concurrent Resell