The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1924-09-17

Al A0ME GAA IAA@AA
amortization plan. Further regulations and
limitations concerning these investments shall
be provided by law.
Section 6 (of Article 21.) Whenever the
security given for a loan ID liable TO lam
age or destruction by fire. the insurance
company accepting the risk shall be absolute
- iia6Ie 70 the State for the full amount
o. the policy. and the policy itself shat
| State may itself provide for insurance OF
any property constituting security for Its
loans.
Section Q (f Article 2I.l The Legislative
Assembly may provide other additional ways
and means for beginning or increasing any
OF the funds created or authorized By this
Article.
Section 10 (of Article 2l.D The State OF
Montana shall accept for luvsstment and ad-
mIListraticn together with the aforesaid fund
constituting the Nontara Trust and Legacy
fund. but a. separable parts thereof. sinking
funds, permanent funds. and cumulative
funds belonging u the state and rs pOlitica.
Sut5i-isiors. and also other funds designated
- the Legislative Assembly. when requested
&c 70 so by the authOrit.ea having the care
and custody Of such suad-. All such fund
ard the accrued interest. less the State com
p-n-ati,. hereinafter fled. snail TX repaio
when due. The provision Of this section shall
rot apply - the Public school Funds Of Tn
@ta-c. which school III. shall be admins
tered separately A. alrea.. "~c- I1bed b. 70
3D.. ~titutiOn.
r=CLtDE Il tOa AFllGlG 1f.- &c ~fftr --is-.
IL entitled % receive a. CONDENSATION 70
the administration Of az lac funds adn,
stored under this act one tV'cutlCEh (-2G
Of all the interest coilectaI thereon each
year On the last day % Decsmber or eTct
year, the state Treasure hail t~ransfrr q,
tire State General Fund such one twentieth
'-20} Of all the interest collected dJ-ing IT,
Yeas. less al the los-S- s~certainc-. Gs:iE-
Inc year, which losses shall be deducted fror
the one twentieth constituting the compensa-
'icn Of the State. The balance Of the inter
~ collected shall be the ret earnings Ana
shall be credited pro rata TO each and ever
fund constituting the Montana Trust ana
Legacy Fund that was IN the keeping Of the
state or January Ist o. that wear. based o.
the total thereof on thas date. and shall b..
added TO such fund. or held Available for the
beneficiaries as the case may be. sums due
beneficiaries shall Be paid out during the en-
suing month q JaausrJ a. far a. D~ractica-
Section 70 Cof Articl, 2!D All the net
Revenue Fund shall annually be added
thereto until - has reached the SUN
o. One Hundred Million Dollars (elOO.-
coo. 900 90. Thereafter only one twentieth
added 70 the iund itse!i. ard the remaining
nineteen tWcntjeths Of .he net earnings shall
he used foI the general expenses Of the stat
Section 13 (of Article 2D. All the net
earnings accruing 70 the State Permanent
School Fund shall annually be added thereto
unul II has reached the sum Of Five Humid
rcd Million Dollars $500, 900. 600. OO). There
after only one twentieth Of the annual net.
Awnings shall be added 20 the fund itself,
md the Remaining nineteen twentieths shall
annually be EppOrtionei to the school di--
-ricts Of the state or the basis Of the ar
.~c-ate actual school attendance in each dis
.riot during the preceding school or calendar
GEAR ~ per-ous between tire ages Of six and
% yh-een years and shall be used exclusives
Tar educational purposes, subject 20 such regu-
'1tons and limitations sc may be prescribed
by law.
Section IA. (of Article 21). All the ne,
earnings accrUing 20 the Permanent Revenue
Fund for the University Of Montana shall
annually be added thereto until it has reached
t- sum Of One Hundred Million Dollar
10000, 100000. Thereafter only one TWEEN
-ieth Of the annual net earnings shall De
added 20 the fund itself, and the remaining
s~iHeteen twentieths shall be apportio7ed 10
rg the University of Montana. on the basi-
~ the aggregate actual attendance in each
Institution during the preceding school or
calendar year. and may be used for all pur-
poses properly connected with the work Of
thee institutions. subject. however. to such
EQUATIONS and limitations as may be pre-
-cribed by law.
Section Is (of Article Zf). Whenever the
purpose for which 4 certain contribution was
made has been accomplished. or can no longer
be ascertained or followed, then the total
amount Of such fund shall be transferred tc
the State Permanent School Fund and be
come a Permanent and inviOlabIe part there
Of All contributions without a specified pur-
nose shall he credited % the State Perma-
nent School Fund.
Section Is (of Article 2iD should the
time ever come when any Of the three afore-
said permanent funds become so large that
no further increase is necessary or desirable
then. in such case. the Legislative Assembly
shall have power % provide for the use or
III OF the net income from such furd for the
purpose for which IL was created. or IL may
use the one twentieth Of the annual net in
900 ~ - - -
Tor the creation Of other permanent revenue
funds. or for any other public purpose that II
may deem wise; provided, however. that
none Or the foregoing provisions Of this sec
ton shall apply to any of these fluids until
! t has reached the specific amount fixed BY
this Article.
Section II (of Article 21). The justices
- the Supreme Court Of the State of Non
tana are hereby made and constituted a su-
ne~viscry board over the entire adm-nistra-
ton or al the funds created Or autbIrizsd
nv this article and the income therefrom
During January Of each year. this board
s''al review the administration for tire pre-
ce6iup year. Il shall decide all uncer,s,1 o.
DISPUTED points arising in the administration
81 the funds whenever requested 70 10 50 ry
p beneficiary. by a State Official CHARGED
with some part Of the admi0istratiOa Of the
fund. or any other interested uarty and II
may DO SO upOn its own initiative u shall
he the duty Of the supervisory board 70 do
ana perform al acts and thirr,s u NAV ceem
'' IVY W N1NFE NHE IaE anu
Officers having direct charge OF these funds
10 admin Ger the same carefully and wisely
in full compliance with the provisions Of this
criticize and SUCH further Legislation as WAY
b. enacted relating thereto. The Clerk Of the
supreme Court shall be Ex-Offici1 CLERK Of
'his Suonrvi-O-y Board.
Sec.ior IS (of Article 21). The Le,risla-
tive A en,bly hall from time 20 time enact
-uch further legislation ~ il may deem nee
essary to carry into effect the provisions of
this article.
Section 3. Separate official ballots .baU
% provided At The general election 70 be neId
II N~oveuhsr. 1921, which shall have printed
thereon an Of Article Twenty-one on of
the Constitution Of the State Of Montana a.
propcsed by this act. There shall also 10
printed CT said official ballots. below the
SAID article. squares and the words rs fol-
For the above written Amendment
TO the Constitution.
Against the above written amend
ment 10 the Constitution.
Each eleetOr who approves this Amendment
snan mark an X in the first square ahovs
printed, and each elector who rejects II sbsH
mark an K in the second square