The Carbon County chronicle. [volume] (Red Lodge, Mont.) 1924-1924, 1924-08-06
NOTICE OF ELECTI0N-C0NSTI-
TUTTONAL AMENDMENT
Chapter 1874.

"An 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 a 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-
LATIVE ASSEMBLY OF THE
STATE OF MONTANA:
Section /. 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 fox 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 nov Article to be
known and designated as Article
Twenty-0ne (2l), reading and being
as follows:
Section /. (of Article 21). The
State Of Montana does hereby agree
and covenant to accept from any nat
ural person, or persofs, from inside or
outside the State, gifts, donations,
grants and legacies q any amount or
value not less than Two Hundred fiji
4 ty ($250.00) Dollars zach, 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 Ply. The State
further agrees and covenants to hole
in trust all such contributions (gifts
donations, grants, and legacies), K
administer the same perpetually, anc
to apply the net earnings thereof a,
therein directed, subject however, Il
the provisions and limitations Of Thu
Act.
Section 3 (of Article 21). The or
iginal amounts Of all contributions fol
State Permanent Revenue Fund, foi
the State Permanent School Fund, anC
for the Permanent Revenue Fund foi
the University Of Montana, shall b.
added TO such funds respectively anc
become inseparable and inviolabl'
parts thereof. Constitutions for 9th
er objects may contain a provision K
the effect that the net earnings there
OF, or part Of the net earnings, shall
be added to the principal for certain
length OF time, or until 1t has reached
q certain amount, or until the happen
, ing Oh certain event, but such con
tinRent event shall not be more re
mote than permitted by the laws ef
lecting perpetuties; but no contribu
: tion containing such provision as I
I accumulation shall be accepted by tn
State until it has been approved b
|, tne supervisory board hereinafter con
I stituted, which board shall have pow
er to reject any such contribution tina
I IT may deem unwise
= section d. (of Article 2D. TIL
: otate treasurer shall keep permi
: nent record Of all such gifts, doni
IONS grants and legacies, shown
Z tne names Of the givers, the purpos
y q the contribution, and other esseI
+ tai facts relating thereto. A dupl
:, eate o. TINS record shall be kept by Il
y oecre1sry OF State. These recorc
snan pe preserved perpetually as
\. = .ssung memorial to the givers ar
= their interest in society. The Legi
= ist've Assembly shall from time