The Cook County herald. [volume] (Grand Marais, Minn.) 1893-1909, 1902-10-18

SYNOPSIS 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 1902,
AS WE'LL AS A SYONPSIS OF CHAP
TER $50 OF THE GENERAL laws
OF 1901, PROPOSING AN INCREASE
OF THE GROSS EARNINGS TAX
UPON RAILROAD PROPERTIES:
Pursuant to the provisions of Section
32a, of Article Nv of the State Constitu-
ton, the Legislature by Act approved
April e, 1901, known as Chapter $50 OF the
General Laws of 1901, present to the cleo
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, during the year 1908, and an
n NJ ah;1 thereafter. pay into the treasury
WITHIN this state owned or operated for
railway purposes by such company, IN
Guiding equipment appurtenances, ap-
pendages and FRANCHISES thereof sum
OF money equal to four az per cent of the
gross earnings u.riv.d from the operation
OF such line OF railway within this state;
full and in lieu If all other taxes uron the
property and franchises so taxed. The
lands acquired by public grant shall De
and remain eXemrt 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. Tins term the gross earnings
derived from the operation Of such line
of railway within this state' as used in
section one ~ 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. 8. All acts and parts of acts not
inconsistent herewith regulating the pay
ment collection, time of payment, en-
amount of taxes upon the gross earnings
of railroad companies within this state, or
providing penalties for the non-payment
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-
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. 5. This act shau be submitted to
the peOpIe OIL LNlS state IOr Cne1r 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
ting the act for ratifcation)
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
no
of such lines of railway within the
State, to a sum of money equal to
four per cent upon the gross earn
1nGs derived from tiac operation of
such lines of railway therein.
Under the terms of the Constitu-
t1on above referred 10, this Act of
the Legislature must be submitted
to legal voters of the State, and will
become operative if adopted by q
majority OF sach electors voting Mt
the next general election.
II.
BY an Act Of the Legislature of the
State Of Minnesota. approved February
20. 1901, and known as House File No.
100, it is proposed to amend Article
Eight 49,, Section Six (6) of the Consti-
tuition.
This Section as now existing reads as
follows:
Section g. The permanent school and
university fund of this State may be in
vested in the purchase of bonds of any
county, school district, city, town or
village of this state, but no such inv est
the board OF commissioners designated by
law to regulate the investment of the
permanent school fund and the perma-
n6a zncn day fund of this sta
when the issue of which the same in
part would make the entire bonded in
debtedness exceed seven per cent of the
property OF the county, school district.
city, town or village issuing such bonds:
nor shall such loans or indebted be
; three per cent per annum nor for short
er period than five % years nor for "a
longer period than twenty (2O) years, and
enan CIV OF dr the tw school district
the real property in such town, school
district, county, village or city in this
state at the time of issuing of such bonds
IRON 1l,oh any any liability for taxation to pay
It is proposed by said act to amend the
same SO as to read as follows: =:
university fund Of this State may be in
vested in the bonds Of any county, School
district city, town or village Of this
made 1 nr no @op susa shall Be
commissioners designated by law to reg 2.
ulate the investment Of the permanent
, Scnool luna, ana the permanent uniVer-
sity fund of this state; nor shan
such. loan or investment be made when
! the bonds to be issued or purcha sed
! would make the entire bonded indebted-
ness exceed fifteen QO per cent Of the
assessed valuation of. the taxable real
property of the county, school district,
city, town or village issuing such bonds:
! nor. shall such loans or Indebtedness he
made at a lower rate of interest tina
three 81 per cent per annum, nor for 8
shorter period than five Is years, MOI
, for longer period than twenty (oO)
years, and no change of the town, school
district, city, village, or of county lines
shall relieve the real property In such
town. school district, county, village 81
| city in this state at the time of the fssll.
| ing OF such bonds from any liability fo1
! taxation to pay such bonds az -. g.
| The effect of the above amendment.
If adopted, will be to authorize the
i investment of the permanent school
and university fund Of this state for
a period of not less than ave (5l Or
more than twenty (2O) years, at an
! interest rate not less than three s(:3l
/ per cent per annum, in the bonds 81
Z any county, school district. civ.
| town, or village OF this state. wvhet,
] the bonds to be issued or purchased
4 will not make, the entire bonied
4 indebted of such mutiniciualftie.
exceed h i'. (15l per mt 81 tire