The Redwood gazette., 1902-10-15

of railroad property. to be submitted 70
the electors of the State for adoption or
rejection at the next General Election.
Yours respectfully,
W. B. DOUGLAS,
Attorney General.
sYNOPsEs OF AMENDMENTS TO
THE CONSTITUTION OF THE STATE
OF MINNESOTA PROPOSED BY THE
LEGISLATURE OF THE SAID STATE
AT THE GENERAL SESSION IN 1901
AND THE EXTRA SESSION IN 1892,
! AS WE'LL AS A SYONPSIS OF CHAP
TER $50 OF THE GENERAL LAWS
OF 1901, PROPOSING Al INCREASE
OF THE GROSS EARNINGS TAX
UPON RAILROAD PROPERTIES.
Pursuant to the provisions Of Section
52a, Of Article " Of the State Constirs-
ton, the legislature by Act ap4Jro! I'll
April e, 1901, known as Chapter 1oV OF the
General Laws Of 1901, present to the eIec-
tors Of the State for rejection or approval.
the following, to wit:
Section l. That every railway company
owning or operating any line Of railway
| situated within, or partly within, this
state shall, curing the year 1903, and an
nually thereafter, pay into the treasury
Of TINS state, as taxes upon all property
| within this state owned or operated tor
| railway PURPOSES by such company, IN
| Guiding equipment, appurtenances, ap-
| pendages and franchises thereon, sum
| OF money equal to -FOUR "a per cent OF the
gross earnings derived from the operation
| Of such line Of railway within this STATE;
and the payment OF such taxes snail be in
| full and in lieu Of all other taxes upon the
property and franchises so taxed. The
| lands acquired by public grant shall be
and remain exempt from taxation until
sold or contracted to be sold or conveyed
| as provided in the respective acts whereby
such grants were made or recognized:
! Sec. 2. The term the gross earnings
derived from the operation OF such line
| Of railway within this state,' as used in
| section one o. Of this act, is hereby de-
! clared and shall be construed to mean all
| earnings on business beginning and end
| Ing within the state, and proportion OF
| earnings on all interstate business passing
| through, into or out of the state as the
! mileage operated within the state bears
| to the entire mileage operated by such
company.
Sec. 3. All acts and parts Of acts not
| inconsistent herewith regulating the pay
ment. collection, time Of payment, en-
| forcement, reports involving the
| amount of taxes upon the gross earnings
| of railroad companies within this state, or
| providing penalties for the non-payme MT
| Of such taxes. are hereby made applica-
| BILE to this act SO far as may be; and all
| acts and parts of acts inconsistent with
the provisions Of this act are hereby re-
| pealed.
| Sec. 4. Upon failure to pay the amount
| of such taxes legally due upon the dates
| heretofore provided by law for the pay
| ment thereof, in addition to existing rem
edies, collection may be enforced in a
civil action brought in the name Of the
| State Of Minnesota in the district court
| Of any county.
Sec. s. This act shall be submitted to
the people of this state for their approval
| or rejection at the next general election
| for the year 1902.
! (The omitted provision refers to the
| method Of printing the ballot and submit
| ha ocff \
This act provides for an increase
| of the amount of taxes collected by
| the State upon the property of the
| railroads situated within the State,
| from three per cent upon the gross
| earnings derived from the operation
of such lines of railway within the
State, to sum of money equal to
| four per cent upon the GROSS earn
| inEs derived from the operation OF
such lines of railway therein.
| Under the terms of the Constitu-
| tiOn above referred to, this Act OF
the Legislature must be submitted
to legal voters of the State. and will
become operative if adopted by a
majority of such electors voting nj
the next general election.
| II.
| BY an Act of the Legislature Of the
State of Minnesota approved February
2S 1901. and known as House File No
100. it is proposed to amend Article
Eight (S). Section Six 90 of the Consti
tuition.
This Section as now existing reads a
follows:
Section 6. The permanent school and
university fund of this State lay be in
vested in the purchase of bonis of any
county, school district. city. town o
ment shall be made until approved b.
the board OF commissioners designated b.
law to regulate the investment of th'
permanent school fund and the perma
shall such loan or investment be mad
when the issue of which the same il
, part would make the entire bonded in
debtedness exceed seven per cent OF tn
assessed valuation of the taxable rea
! property OF the county. school district
city. town or village issuing such bonds
nor shall such loans OF Indebtedness b
| made at a lower rate OF interest thai
three per cent per annum nor for snort
er period than tive 90 years ears nor for
f no change OF the town, school district
village, city or county lines shall relier
the real property in such town. schoo
district. county. village or city in thi
state at the time of issuing OF such bond
from any liability for taxation to pa
such bonds.
1t Is proposed by said act to amend tn
same so as to read as follows:
! Section s. The permanent school an
university fund Of this State may be in
| vested IN lne DcnCS Oh any county. SCilpN
district. city, town OF village of thi
state. but no such investment shall b
made until approved by the board c
commissioners designated by law to res
ulate the investment Of the permaner
school fund and the permanent univel
sity fund of this state: nor sha
such loan or investment be made whe
the bonds to be issued or purchase
would make the entire bonded indebted
ness exceed fifteen (15l Der cent of tn
assessed valuation of the taxable res
property of the county. school distric
city. town or village issuing such bond:
nor shall such loans or Indebtedness /
made at lower rate of interest tha
three (S) per cent per annum. nor for
shorter period than five t0 years, nc
for longer period than twenty -
years. and no change of the town. scho,
district. city, village. or of county line
i shall relieve the real property in sue
\ town, school district. county. village
\ city in this state at the time of the issl
\ ing of such bonds from any liability f
4 taxation to pay such bonds.
The effect of the above amendm n
II adopted. will be to authorize Ih
8 investment of the permanent Schoc
and university fund of this state fo