Sauk Rapids frontierman. [volume] (Sauk Rapids, M.T. [i.e. Minn.]) 1855-1860, 1857-09-10
ARTICLE EIHHrH, Se4ool Finds q. Educal
sion md cssnes. .;

lAHTICLE EI6HTH.fgN E4Q0t EMg1S 40 ET1ut0sff
/ ~ sio's md cssncs.s
sscsion i. me stability II arspublisan forHml
Of government depending mainly upon TIE inlal-l
jigenceof the people. il shall he The duty of The
Legislature 70 estublish a generM and uniform
system Of public shoots.
/ III Sec. 2. The proceeds of such lands as are,
hereafter may be. granted by the United States
1 for the use of schools within each township il
this state. shall remain perpetual school fund TO
the state, and not more than one-third (1-3) of
said lands may be sold in two (2) years, 6ne-
third l-s) in Eve ~ years, and one-third (l-3)
in ten (IO1 years but the lands Of the greatest
valuation shall be sold FIRST, provided that no por-
ton DC said lands shah be sold otherwise than at
public sale. The principal of all funds arising
from Sales OF other disposition Of lands, or other
property granted OF entrusted 70 this state in each
township for educational purposes, shall forever
N be preserved invio'ata and undiminished and /
the income arising from the lease or sale of said
school lands, shall BE distributed 70 the different |
townships throughout the State, in proportion to
1.-THE number of scholars in each township, between
the ages Of FIVE and twenfy-one years, and
shall b faithfully applied 10 the specif 10 Objects
t 81 the original grants III appropriations.
\, Sec g. The Legislature shall make spsh pro-
vision by iaxation OF otherwise, rs, with the in
come arising from The school fund, will secare a
l
in each township in the State I'll
Sec. "A. The location Of the University Of
!, Minnesota, as established by existing laws, isl
hereby confirmed ard said institution is hereby
declared 10 be the University Of the State Of Min
nesota. All the rights, inlmunies, franz hises,l
"A and endnwmen,s heretofore granted or conferred,
ars hereby perpetnated unto the said University !;
/ aud all lan1s which may be granted hereafter hyi
y Congress, other donatoas for said University
purposes, shall vest ia the institution referred to
q in this section. sss
Il ARTICLE NINTH Finances Of the. State.
: and Banhs and Ranking. s5 Ys.s
3 Section l. All taxes to be raised in this State
shall be as nearly equal as may be-, ard all pro-
q perry on which taxes to be levied shall. have
a a cash valuation, and be equalized and uniform
. throughout the Stale
!. Sec 2. The Legislature shall provide for an
annual tax sufficient to efray the expenses Of the
ri State for each year and whenever it shall hap
! pen that such ordinary expenses Of the State Tor
any year shall exceed the income Of the State for
such year, the Legislature shall provide for levy
"a ing tax for the ensuing year, sufficient, with
e other sources of income, to pay the deficiency o.
il the preceding year, together with the estimated
I expenses Of such ensuing year.
al Sec. 8. Laws shall he passed taxing al
ofl moneys, credits, investments in bonds, stocks
va Joint stock companies, or otherwise, and lso al
! real and personal property, according to its true
d value in money but public bnrying grounds
e public school houses, public hospitals, academies
,e colleges, universities, and all seminares Of learn
Z ing, all churches, church property used fol
:, religious purposes and houses Of worship. instu.
tons Of purely public charity, public propert,
:, used exclusively for any public purpose, and
>, personal property to amount not exceeding il
y value two hundred dollars for each individual
20 shall, by general laws. be exempt from taxation
- Sec. 4 Laws shall be passed for taxing The
* ,' notes and bills discounted, or purchase moneys
loaned, and all other property, effects, or dnes
"a every descriptions Of all banks, and of all bankers
~ ~, so that ali properly employed in banking shall
-. always be subject to taxation equal to tina
- imposed on the property of individuals.
-, Sec. S. For the purpose Of defraying extraoi
'as binary expenditures. the State may contrac
.nablie debts but such debts shall! never, III III
agsreasfe. exceed two hundred and fifty fhnusan
ny dollars. Every such debt shall be authorized b
law, for some single object 10 be distinctly spec
be fed therein; and no such law shall tax
effect until it shall have been passed b
nc the votes of two thirds Of the member
81 s,f Of each branch Of the Leg islature, to b
n, recorded by yeas and nays on the jour
nal Of each House respectively; an
'cb every such law shall levy a tax anaual'
me sufliclent to pay the annual interest c
~ such debt, and also Il tax sufficient t
pay the principal Of such debt within tie
the years from the final passage of sue
'on law, and shall specially appropriate tn
"a. proceeds of such taxes to the paymet
and of sucn principal and interest; and sue
appropriation and taxes shall not be re
for pealed, postponed, or diminished, uni
yea the principal and interest of such del
, Ina, .shalI have been wholly paid, The sta
)is- shall never contract any debts for worl
nay of internal improvement, or be a par
ana IL carrying on such works, except
ave- cases where grants Of land, or 9th
s. property, shall have been made to Il
J Of state. especially dedicated by the gra
ther to specific purposes; and in such cas-
dsd the state shall devote thereto the ava
Hi al lsof such grants, and may pledge or a
lion pvopsiate the revenues derived from su
,esnt works in aid Of their completion.
now SEC. s, All debts authorized by t
'p'e preceding section shall be contracted
,h,,, loan on state bonds, of amounts not L
ems, than FIVE hundred dollars each, on int
Iates est, payable within ten years after I
final passage ofthe law authorizing 81
! o0a y debt: and such bonds shall not be *
n BY the state under par. "a correct ~
this istrY Of all such bonds shall be kept
toms the Treasurer, in numerical order,so
alton = v;h;t tbp = m !. 4, 4,
s Anil unpaid, and to whom severally ma
lie Of jpaydble. .25
;tate. Sec. Z. The state shall never contr
1' the any public debt, unless in time Of y
|, 40 - to repel invasion, or suppress lnsurr
per tioN ~ t''o '1ia - ~ mi
non ner provided ia the fifth and sixth se
per- ions Of this article. .
srson !, ss1 y \, ~. e 49,. -