The Carbon County chronicle. [volume] (Red Lodge, Mont.) 1924-1924, 1924-08-13
NOTICE OF ELECTION--CONSTI.
TUTI0NAL AMENDMENT
Chapter 1874.

IAN Act to Submit to the qualified
Electors of the State Of Montana an
Amendment to the Constitution Of the
State of Montana, Adding Thereto a
New Article, Providing for the Ac-
ceptance and Administration by the
State of Gifts, Donations, Grants and
Legacies for the Creation of State
Permanent Revenue Fund, for the
Creation Of State Permanent School
Fund, for the Creation Of Perman-
ent Revenue Fund for the University
Of Montana, and for the Benefit Of
other Useful, Benevolent and Worthy
Objects; and Authorizing the State
to Administer Other Funds Together
with Those Hereinbefore Indicated"
BE 1T ENACTED BY THE LEGIS-
LATTVE ASSEMBLY or THE
STATE OF MONTANA:
Section l. That the Constitution
Of the State of Montana be amended
as hereinafter provided, and that the
question of such amendment be sub
mitted to the qualified electors of the
State of Montana for their approval
or rejection at the general election to
be held in November, 1924
Section 2. That the Constitution.
Of the State of Montana be amended
and the same is hereby amended, by
adding thereto a new Article to be
known and designated as Article
Twenty-Five (21), reading and being
as follows.
Section i. (of Article 21). The
State of Montana does hereby agree
and covenant to accept from any nat
ural person, or persons, from inside or
outside the State, gifts, donations,
grants and legacies in any amount or
i value not less than Two Hundred fiji
ty ($250.00) Dollars each, for the Gre
alton of State Permanent Revenue
Fund, for the creation Of State Per-
manent School Fund, for the creation
of Permanent Reenue Fund for the
University Of Montana, and for the
| Benefit Of scientific, educational, be-
nevolent and charitable work, subject,
however, to all the provisions and
limitations of this article.
Section (of article 21). The State
! further agrees and covenants to hold
in trust all such contributions (gifts,
| donations, grants, and legacies) to
administer the same perpetually, and
to apply the net earnings thereof as
1 therein directed, subject however, to
the provisions and limitations of this
/ Act.
Section 3 tof Article 21). The or
! iginal amounts of all contributions foi
State Permanent Revenue Fund, foi
Z the State Permanent School Fund, ane
, for the Permanent Revenue Fund fol
the University Of Montana, shall b,
I added to such funds respectively ant
: become inseparable and inyiolabl,
: parts thereof. Contributions for 9th
err objects may contain provision t
: the effect that the net earnings there
: of, or part Of the net earnings, shall
be added to the principal for a certain
| length of time, or until it has reaches
] a certain amount, or until the happen
|, ing of certain event, but such con
e tlugent event shall not be more re
mote than permitted by the laws a
: fecting perpetuties; but no contribu
/ ton containing such provision as t
+ accumulation shall be accepted by tn
0 State until 1t has been approved b
7, the supervisory board hereinafter cor
d stituted, which board shall have pow
h en- to reject any such contribution ths
II it may deem unwise.
Il Section 4. lof Article 2f). II
le State Treasurer shall keep permi
lie nent record Of all such gifts, dom
A. lions, grants and legacies, shown
J. the names Of the givers, the purpo
is of the contribution, and other esse
+ tial facts relating thereto. A dup
J. cate Of this record shall be kept by Il
~ Secretary Of Stxte. These recor
shall be preserved perpetually as
n lasting memorial 10 the givers a
Of their interest in society. The Leg
de lative Assembly shall from time