Belt Valley times. [volume] (Armington, Mont.) 1894-1977, 1924-10-30

!. | 1x@a@aq# - sAs HSma@ &aeasms 49,
a lBa@# &C. swantha&A faas 81 81 -
!. Interest," e8Alaesed Auxin@ "a vMmR -
! EmsA $@m A0#azA ameaR4mzga@x szazHsmM &ha
age@x. wAseh snaaaa aAm1 - saaAa
! kFgam xAe em@ &w@mtieeh eomHkaE
1 ! tzae compensation 81 TIE State. ISHA
! hazMHea az Tie interest eoIAAxksA @zaasI
4 sna sAa neR @mxmksssM and sAmH e. 4sssa-
! EzE@a RK@ 4m&a b a@eA and ew@HE zamA
DEMONSTRATING sh6 Montmma xxaak @aAn
: Legacy Kum0 test seas Ia kAs ke@nsm@
. l09 eA@ &eman en- January Est e. kmmt
Y@ar. based on the sntal shaxwo4 on
fAamk amsas and shall De added % eNeh
gmeA f9nd. or held available For tzze
hemazzesaxkea as the ense AaaV BE-.
&@m@ dma bansfteiaKfes ekan Be paza
tAAax3nM chs amsminE mnuth Of JasAumSys
lea Ear as practicable.
Il Secfion 12 (of Article al. An eAe
lnet aarnlngs accruing 20 the Stats
Permanent Resenue Eand shall aneu-
ally be added thereto until il Aaa
reached the gum Of One Hundred Mil-
hon Dollars (100, 600 ,000. CO.. There
axtar only one twentieth Of tie Annu-
lal net earnings shall Be adaed to ffa
fund itsen, and the remaining nine
team twenkiekhs Of the net earnings
shall be used for the general axpen-
ses OF The State.
Section is (of Article sf). An the
net earnings aceruinR TO the State
Permanent School Fund shall annu
ally be added thereto until Il hss
reached the eurn Of Five Hundred
Million Dollars $500, COZ, 00o. oQ}.
There after only one twentieth Of tAe
annual net earnings shall be added to |
the fund itself, and the remainin@ /
nineteen twentleths shall annually BE-
appoFkioned 20 fhe school Districts Of /
the State on the basis Of the awgEs-
gate actual school attendance in each 1
district during the preceding school
or calendar year by persons between
the ages Of ak and eighteen years
and shall be used exclusively for ed
ucational purposes, subject 70 such I
regulations and limitations IS may !
be prescribed by law.
Section IL (of Article 21l Al tire
net earnings sccruing TO the Perman-
ent Revenue Fund for the University L
of Montana shall annually be added
thereto until It has reached the SUM
Of One Hundred Million Dollars
500, coo, 000. COZ. Thereafter emily (
one twentieth Of the annual net earn
ings shall be added to the fund Itself.
and the remaining nineteen twsnkia&Ss
shall be apportioned 70 al the edHea-
ti0nsl institutions then comprising
the University Of Montana, on the {
basis Of the aggregate actual attend /
ance in each institution during the
school or calendar year.
and may be used for all purposes
connected with the work Of
these institutions, subject, however, j
may be prescribed by law.
Section i6 {of Article III. When
sver the purpose for which q certain Z
was made has been ac- !
compilshed, or can no longer be as Il
sertained or followed, then the total +
amount Of such fund shall be trans o
lerred TO the State Permanent Seheol q
Fund and become q Permanent and
nviolable part thereof All contribu- .
.ions without a specified purpose Il
hall be credited to the State perman O
mt School Fund. la
Section 10 (of Article 211. Should \
he time ever come when any of the b
hree aforesaid permanent funds be- ID
'ome so large that no furthar increase z
3 necessary or desirable. then, ia n
uch case, the Legislative Assembly Il
hall have power TO provide for the n
lae Of all the net income from such s.
ind for the purpose for which Il was A
reated, or II may use the one fwon IA
ieEh OF the annual net income which =.
vas to be added 10 the fund itself for III
he creation Of other permanent rev. "a
nus funds, OF for any other public All
'urpoae that II may deem wtae; pro- d
fded, however, that none OF the fore NJ
DING provisions Of this section shall ee
nulY 10 any Of these funds until Il "a
as reached the specific amount fixed el
" thia Article. ae
Section ~ (of Article 21). The "a
Justices of the Supreme Court Of the ~
tate of Montana are hereby made no
nd constituted supervisory board so
yer the entire administration Of all WI
be funds created or authorized by be
his article and the income therefrom. a
Iurfng january Of each wear. this "a
card shah review che administration h.
" the preceding year It shall de- frI
Ide ali uncertain or disputed points tn
rising IN the administration Of the sh
anda whenever requested to do 50 by an
beneficiary, by a State Official of
harged with some vart OF the admin til
Itration Of the fund, or any other in an
crested party; and Il may do 80 upon eel
q own initiative. Il shall be the du- De
, Of the supervisory board to do and an
prform all acts and things that it re.
Iay deem necessary IN order TO cause tic
lie board and officers having direct wE
larRe Of these funds 70 administer Ito
le same carefully and wisely in full N,
,mpliance with the provisions Of this mi
rticle and sneh further legislation en-,
! mas be enacted relating thereto. con
be Clerk Of the Supreme Court shall les
. Ex-Officio Clerk Of this Supervis- sal
y Board. wo
Section IS tof Article 21). The vi,
sgfslative Assembly shall from time AT
leet such further legislation as it all
ay deem necessary to carry into ef- exl
ct the provisions of this Article. des
Section. 3. Separate official bal ser
Is ahall be provided 1t the general to
setion to be held n November, 1924, RE
azeh shall have printed thereon all "a.
Article Tmenky~one (2l of the ans