A 1975 proposal to repeal this article, along with Sections 6 to 14 and 18 of Article VIII, and to amend Sections 2 to 5 of Article VIII, was rejected by the voters on November 2, 1976. A later proposal to repeal this article and to amend Section 11 of Article VIII was rejected on November 7, 1978. The several counties of the state shall invest the moneys of the permanent school and endowment funds in bonds of school corporations, state, county and municipal bonds or in first mortgages upon good improved farm lands within their limits respectively, under such...
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