The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1916-10-20
Proposed Constitutional Amendment

Proposed Constitutional Amendment
No. 17-Assembly Joint and Con-
current Resolution, relative to
amending section three of article
eleven of the constitution of the
State of Nevada. Permitting in
vestment Of permanent school
fund in bonds of Nevada counties
or farm loans
Proposed and passed at the
'Twenty-Sixth Session of the Legisla-
'ture, March 90, 1913, Statutes of
1918, page sol, agreed to and pass
'ed at the Twenty Session of
the Legislature, February 4, 1915,
Statutes of 1915, page 513, and sub
ject to ratification by the people at
the general election of 1861
Resolved by the Assembly, the
Senate concurring. That section three
OF article eleven of the constitution
of the State of Nevada be amended
t. read as follows
Section 5. All lands, including
the sixteenth and thirty-sixth sec
lions in any township donated for the
benefit Of public schools in the act
of the Thirty-eighth Congress, to Ell
able tie people Of Nevada Territory
to form a state government, thir-
~ thousand acres of public lands
granted by an act of Congress, APP
proved July second, A. ID. 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
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. u.
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
centum 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,
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 the bonds of other states of
the Union, or the bonds on any coun-
ty in the State of Nevada; or in
loans at rate 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 loaned, ex-
elusive of perishable improvements,
of uneXceptional title and free from
all encunbrances, said loans to be
under such further restrictions and
regulations as may be provided by
law; provided, that the interest only
Of the aforesaid proceeds shall be
used for educational purposes, and
any surplus interest shall be added
to the principal sum; and provided
further, that such portion of said in
terest as may be necessary may be
appropriated for the support of the
state university.
Proposed Constitutional Amendment
No. 2
No. Senate Concurrent Resolu