The Cook County herald. [volume] (Grand Marais, Minn.) 1893-1909, 1896-10-17


.inyestmentsof hs.refnaaneat seh6eI fund
and the permanefha Gsisyer1itys fundsaf IFS
stab nor shal hipans anyesf inenf Sc
maas When When TIE e Issue Ct Which q
deb aexceed PEI cent. efs fhe sas-
sessad Yaiua ton of the taxable real prop
ertys 0f The count school district; city,
s1sl such &c gi oas d ssaa as
"a lower rate OF Interest than 3 per EentSper
annum nor for shorter period an dive
20 years nor for longer period than
town, school district village, city or county
lines shall relieve the real property In such
town, school district, county, village or
city IN. this state at the time Of the issuing
ton to pay such bonds. = A
The proposed amendment contemplates
the the Investment OF the permanent school and
not less than five o. nor more than twenty
900 years, in the bonds Of counties school
districts, cities, towns and villages.
Loans cannot be made to such munich
paltties under such amendment In amounts
exceeding seven q per cent Of the as
thereof fis55 lfS 8 80. : =
No loan shall bear interest at q rate less
than three ~ per cent.
section 3 OF the same article of the con-
stitution now provides for the loaning Of
the permanent school funds Of the state to
counties and school districts, to be used in
the erection OF county or school buildings,
ana to draw interest at the rate Of per
cent per annum. S. I3f = d.
Such loans are now limited to amounts not
exceeding three g. per cent Of the last pre-
ceding assessed valuation Of the real es-
tate Of the counties or school districts, re-
Ample provision is made for the collection
OF the principal and interest of loans made
pursuant to said section 8. - -.
~. TX. @ss 49,
IAN act proposing an amendment to the
constitution of the State of Minnesota, to
sleeping. drawing room and parior car, and
therein provided. H., 9 =
It is proposed to amend Article Of the
section reading as follows 7-7~-5
The legislature may impose, or provide
TOT the imposition of, upon the property
within this state, of any and all owners or
operators whether corporate OF individual.
or otherwise, of any and all sleeping, parlor
and drawing room cars, or any or either Of
the same, which run in, into or through this
state of any and all telegraph and telephone
companies, or owners, whose lines are in,
or extend sd ln into or through, this state;
also ais upon the property within this state Of
or either OF the same, doing business in this
state; also upon the property within this
state OF an domestic Insurance companies
property within this state of any and ali
foreign insurance companies doing business
IN this state OF any kind; also upon the
property within this state Of all owners or
operators OF any and oil mines or Of mineral
ores situated in this state; also upon the
property within this state of all boom com
panles or owners, and Of all shipbuilders or
Savins ao ing 9psness in this state
act snail not apply to property owned by
railroad companies, their lands and other
property; and upon the property Of either
or any of such companies or owners tax,
as uniform as reasonably may be with the
taxes imposed upon similar property in said
state, or upon the earnings thereof within
TINS state, but may be graded or progress
OF In providing for ascertaining the just
and true value Of such property, it shall be
competent for the legislature, in either or
an OF such n, cases, to impose such tax, upon
state, and In either case by taking as the
basis of such imposition the proportionate
business, earnings, mileage or quantity Of
existing of any such companies, persons or
owners, transacted or existing in this state.
In relation to the entire business mileage
OF era9 quantity OF production or property Of
sucn companies, persons or owners as
aforesaid; or In such other manner or by
such other method as the legislature may
determine; but the proceeds of such taxes
up upon mining m, property shall be distributed
between the state and the various political
subdivisions thereof wherein the same is
situated In the same proportion as the pro-
ceeds OF taxes upon real property are dis
fributed; provided further that nothing in
this act contained shall operate to authorize
the assessment or taxation of land or orJif-
nary business blocks or property owned by
any an sueh corporation, person, firm OF com
ordinary methods Of taxation"
This proposed amendment contemplates
the taxation of the property in this state Of:
companies.
2 Telegraph and telephone companies.
8. Express companies.
f.. Foreign and domestic insurance COM
!? The owners OF operators of mines or
g. Boom companies and shipbuilders or
owners DONG business in this state or
having a port therein.
The foregoing provisions are modified in
the following very important respects:
The amendment will not apply "to
property owned by railroad companies, their
lands and other property"
=. Iaxes may be imposed upon the prop
erty OF the companies above enumerated or
and may be graded OF prog ressiye, orr both.
8. IN providing for such taxation, or the
Just and true value of such property, 1t
shall be competent for the legislature to
SUN
thereof within this state; and
f. In either case by taking as the basis
OF such taxation, the proportionate bust
ness ness. earnings, mileage or quantity Of pro-
duet1on or property now or hereafter exist
Ing of any such companies, persons or own
ers, transacted or existing In this state, in
relation to the entire business. mileage OF
quantity Of production or property; or !
8. In such other manner, or by such other
method, as the legislature may determine.
s: The proceeds Of taxes upon mining
property will be distributed between the
state and the various political subdivisions
thereof wherein the same is situated in the
same proportion as the proceeds OF taxes
upon real property are distributed :
q. The amendment contains provision to
the effect that it shall not operate to au-
thorize the assessment OF taxation of land
or ordinary business blocks or property
owned by any such corporation, person.
hrm or company, except in the manner pro-
vided by the ordinary methods Of taxation.
July /, 1885, Attorney General.
WANTED-SEYERALj FAITHFUL MEN OR
/ women to travel for responsible established
house in Minnesota. Salary $3.50, payable $15
weekly and expenses. Position permanent.
D ofo o1o - Il