The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1896-10-15

i state; nor shall such Loan orliny stment be
made, when the issue. q which tie same In
Moud make the ep esns 9se a
.sessed valuation Of the taxabls real prop
erty of the county, school &stsict. city.
tSS
lower rate Of interest than per cent per
annum norfor a shorter perioasthan Ave
yssrs Scr for and aagesa If fSe
h lines shall relieve the realEprnpAfty, in such
tGw a.sfftS ssSuns
Of such bonds from any liabilityfor taxa
The proposed amendment contemplate
university funds Of the state, for periods
not less than Ave (5) nor more than twenty
+ coy years, In the bonds Of counties school
Loans cannot be made to1-snch munich
palities under such amendment in amounts
exceeding seven ~ per cent Of the as.
sessed valuation OF the taxable real property
No loan shall bear interest at a rate less
than three g. per cent. ?" .@s
stitution now provides fof III X Ioa nil Of
l. the permanent school funds Of the state to
counties and school districts, to be used in
the erection Of county or school buildings,
Such loans are now limited to amounts not
three 81 q The last
tate q tie counties or school districts. re-
Ample provision is made for the collection
pursuant to said section s. = ! ~,
'"An act proposing an amendment to the
constitution Of the State of Minnesota, to
authorize the taxation Of the property. Of
other comma nfoe and owners IN the manner
therein provided" -. 1900.
II l. proposed to amend Article Of the
q section reading as follows: III T.
1.-THE legislature may impose, or provide
for the imposition Of. upon the property
within this state. OF any ara s4 owners or
or otherwise, Of any. and all sleeping, parlor
and drawing room cars, or any or either OF
the same, which run In, into OF through this
state of any and all telegraph and telephone
companies, or owners, whose lines 4re In.
or extend in. into or through this .statei
all express companies. or owners, Or any
or either Of the same, doing busipess IN this
state; also upon the property within this
Of this state Of any kind; also upon the
!. property within this state Of any apd" all
foreign insurance compa nies' Doing buslness
property within tSi: state .ef "a oEaera q
operators OF any and all mines Or Of haineral
ores situated In this state;s also upon the
Within this state Sf
having : port therein: provided, thst this
est ss o0 Rsnd,y avn
property; and upon the property Of eithen
or any Of such companies Of ownersta tax.
as Uniform az reasonably may be with; the
sate M eaqan
this state, but may be gttdedior pr0gres-
sive, or both, and II providing, for such tag,
ar true Taue 81 such
competent for the legislature. in either on
all OF such cases, to impose such tx, upon %;a
or Sy
basis of such imposition the proportionate
business, earnings, mileage or tquahtity Of
production or property now or hereafter
owners, transacted or existing ID thls state;
in relation to the entire business, mileage
or quantity Of production OF property Ct
Aforesaid; or in such other manner or by
such other method as the lesislatufe maY
determine; but the proceeds Of such taxes
shs the a2ios
subdivisions: thereof wherein the 9ame 70
situated IN the SEINE proportion as ne pro
4off rss
this act contained shall operate to 3thorf1e
the assessment or taxation " lands4r ordi-
nary business blocks or property 2ed BY
pany except In ths. manner, provided BY the
Thts PROPOSED smendment contempiates
i. +: sls.plds' parlor and dining room Gag
), :: telegraph and Telephone companies. !.
y 8. Cypress companies. .r.r
Foreign and domestic insurance. com.
5. The owners or operators Of mines OF
g.: Boom companies and shlpbuilder, or OF
having a port therein: ~ T.:
fes%sss %Sssfsnt s;s IN
property owned By railroad companies. theli
lands and other property" ~ s.
erty of the companies above enumerated or
upon the earnings thereof within this state,
and may be graded Or prog ressiye. or both.
just and true value Of such property. 1T
shall be competent for the legislature to
impose such tag upon any and all property
/ IN either case BY taking as the basis
of such taxation, the proportionate bust
ness. earnings, mileage or quantity of'pro-
d duo OF property prop now or hereafter exist.
relation to The entire business. mileage or
quantity Of production or property; or
8. In such other manner, or BY such other
method, as the legislature may determine.
6. The proceeds Of taxes upon mining
property will be distributed between the
state and the various political subdivisions
thereof wherein the salne-i Is situated In the
rea a .ne
Z. The amendment contains a provision to
the effect that it shall not operate to au:
thorize the assessment or taxa tion of land
or ordinary business blocks OF property
owned by any such corporation, person,
firm or company, except in the manner pro-
vided by the ordinary methods of taxation.
n. W. .Childs.
July l. 1906 Attorney General.
.ts&,'.
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