The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1896-10-22
WoRTHlNGToN ADVANCE, THURSDAY, oCT. 22.ls9e

Investment Of me perm anssnt acnool r,ind
and 5the permanent uni srsitty fund oil this
statea Aorf shall such loan Or In YES tlnent be
made when the issue 81 Mhich the salne In
part would make the entire bonded In
dsbtsdnesS ner sent 81 ths
erty 81 the county, school district. city,
town or village issuing such bonds; nor
shall such loans or inele btedness be made at
annum nor for q shorter period than Ave
n 90 years nor for longer period than
twenty l2Ol years, and no change Ct tbs
Il lines shall relieve the real property in such
/ city ii this state at the time IS the Issuing
of such bonds from ran any liability for taxa
!" The proposed amentlment contemplates
! the investment of the permanent school and
university funds 81 the state ter psriodds
n (2O) years, In the bonds Of counties, school
districts, cities, towns and villages. "a
NJ Loans cannot be made to such municl-
palities under. such amendment In amounts
ssssed Eaiu ifios y lie taxabls real p1operty
thereof. W =El2@SjE S4at nv SS9sz ri d
No loan shall bear interest at q rate less
Section Of the same article Of the con.
stitutlon now provides for the loaning Of
the permanent school funds of the state to
counties and school districts. to be used in
A the erection OF county or school buildings,
and to draw. interest at the rate Of per
3 Such. loans are now limited TO amounts not
exceeding three Cd per cent of the last pre-
cedinS assessed valua ton Of the real es-
tate 81. 5he counties OF scaoo! districts, re-!
Amp, GIRO -is:on IS made for the collection
OF the principal and interest Of loans made
pursuant TO s:il Gection s.. " ar-f$ #fs29
: sa -}i%sa&54 tx ~ f ~
E51i ttA - I,,o
constitution I: Of the SSSets q M:i,iesota 70
authorize the taxation of the property OF
sleeping, drawing room and parIor car and
e esase,n eo nrpp1dea and owners III the manner
e II. is proposed to amend Article D q the
constitution Of Minnesota by adding thereto
sectson reading as follows: -. u
+. ''The legislature may Impose, O. rroT4f.2
for the Imposition of, upon the. propori:
within this state, OF any and all owners or
operators, whether corporate or individual,
Z or otherwise, OF any aud all sleeping, par!or
and drawing room cars, or any OF either Or
the same, which run in, into or through tbs
state; also upon the property within this
state of:any and all Telegraph and telephone
companies, or owners, whose lines are N,
or extend in, into or through this state:s
also upon the property within this state OF
or either Of the same, doing business in this
state OF all domestic INSURANCE. companies
property within this state of any. and all
foreign insurance companies doing business
in this state OF any kind; also upon the
operate Of any and ali mines Or Of mineral
ores situated in this state; also upon the
property within this state Of all boom COM
paes or and Ct al
having a port therein; provided, that this
act shall not apply T. property owned by
railroad companies, their lands and other
property: and upon tho property Of either
or any of such companies or owners a tax,
as uniform as reasonably may be with the
taxes imposed upon similar property in said
state, OF upon the earnings thereof within
this state. but may be graded or. progress
sive or beth, and in providing for such tar,
or In providing for. ascertaini1g the Just
competent for the legislature, IN either or
any or all property: thereof. within this
basis 81 such imposition the proper tioaste
business, earnings mileagetor quantity Of
production or property now or hereafter
eXsng or any sMcn copanies persons OF
In relation to the entire business, mileage
or quantity Of production or property OF
such companies, persons OR Z owners as
aforesaid; or In such other manner or by
such other method as the legislature may
determine; but the proceeds Of such taxes 4
upoa mining property shall be distributed
snblivisions thereof wherein the same is
situated In the same proportion as the pro-
ceeds OF taxes upon real property are dis
this act contained shall operate to authorize
the assessment or taxation Of land or Ordi-
nary business blocks or property owned BY
pany except in the manner provided by the
ordinary methods Of taxation" r. -
This proposed amendment contemplates
the ts1ati9n OF the property n this state OF;
telegraph and telephone companies.
8. Express companies. :' '.,',.
-. T3e owners or operators Of mines Or
owners doing business in this state or
having a port therein. ~f. MI
The foregoing provisions are modified in
/. The amendment viii IL not ep Apply ITO
property owned by railroad companies, their
lands and other. property"
erty Of the companies above enumerated Or
upon the earnings thereof within this state.
and may be graded or progressive, or both.
8, In providing for such taxation, or the
Just and true value OF such property, 1t
shall be competent for the legislature to
impose such tax upon any and all property
thereof within this state; and 81 q s::5Ss
T. In either case by taking as the basis
of such taxation, the proportionate busi-
ness, earnings, mileage or quantity Of pro-
duction OF property now or hereafter exist
IuS VI duy SuCu companies peESOuS OT OWN
ers, transacted or existing In this state, in
relation to the entire business. mileage or
quantity Of production or property; or
5. In such other manner, or by such other
method, as the legislature may determine.
j 6. 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
npon real property are distributed. 5s$|
Z. The amendment contains provision to
the effect that 1t shall not operate to au-
or ordinary business blocks or property
owned by any such corportati ton, person,
drm or company, except in the manner pro-
vided by the ordinary method, Of taxation.
i.fz II. w. Childs. ii III |
July l. 1906. ,tN Attorney tse. eral =
INTERESTING NEWSPAPER NOVELTY
The Marriage Journal, Of Portland, Oregon, a