The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-10-06

laVol'mS the taxation OF railroad property, 10
be submitted to the electors of the State for
adoption or rejection at the next General Elec-
ton.
Yours respectfully,
". B. DOUGLAS,
Attorney General.
SYNOPsEs OF AMENDMENTS TO THE CON.
STTTUTION OF THE STATE OF MINNESOTA
PROPOSED BY THE LEGISLATURE OF THE
SAID STATE AT THE GENERAL SESSION
IN 1901. AND THE EXTRA SESSION IN 4
1902, AS WE'LL AS A SYNOPSIS OF
CHAPTER $50 OF THE GENERAL LAWS
OF 1901, PROPOSING AN INCREASE OF
THE GROSS EARNINGS TAX UPON RAIL
Article ". of the State Constitution, the Legis
lature by act approved April 6, 1901, known as
Chapter $50 Of the General Laws Of 1901, pre-
sent to the electors of the state for rejection or
approval, the following. to wit:
Section 1. That every railway company own.
ing or operating any line of railway situated
Within or partly within, this state shall, dur
ing the year 1903, and annually thereafter pay
into the treasury. of this state, as taxes upon
for railway purposes by such company, including
equipment, appurtenances. appendanges and
four a. per cent of the gross earnings derived
from the operation of such line of railway within
e n M AMID tn eS o Of
the property and franchises so taxed The
lands acquired by public grant shall be and re-
main exempt from taxation until sold Or con-
tracted to be sold or conveyed provided in the
| respective acts whereby such grants were made
or recognized.
Sec. g The term, "the gross earnings derived
from the operation of such line of railway within
act, is hereby declared and shall be- construed to
mean all earnings on business beginning and
ending within the state and proportion Of
through, into or out Of the state, as the mile
age operated within the state bears to the en-
fi1Ay i1no ofodh 1vc ,,f1,o
Sec 3. All acts and parts of acts not incon-
Sistent herewith regulating the payment. col
gross earnings of railroad companies within
payment Of such taxes, are N hereby made applca
tie to this act far as may be; and all acts
and parts of acts inconsistent with the provisions
of this act are hereby repealed.
such taxes legally, due upon the dates hereto
fore provided by law for the payment thereof,
in addition to existing remedies, collection may
be TO ed gt.t ciy action brought in the
Sec s. This act shall be submitted to the
| people of this state for their approval re-
}ection at the next general election for the year
(The omitted provision refers to the method
of printing the ballot and submitting the act fo
rattle aron.)
of taxes collected by the State upon the prop.
erty of the railroads situated within the State
from three per cent upon the gross earnings de-
rived from the operation of such lines of railway
within the State, to of money equal tt
four per cent upon the gross earnings derived
from the operation of such lines of railway
Under the terms of the Constitution above re
ferred to, this Act of the Legislature must b.
submitted to legal voters of the State, and will
such electors voting at the next general elec
ton.
By act of the Legislature Of the State
Minnesota, approved February 2S, 1901, an
known as House File No. 100, it is proposed
amend Article Eight (S) section Six co. of til
constitution.
This section existing reads as follows
Section 3. The permanent school and unfver
sity fund of this state may be invested in tn
purchase of bonds of any county. school district
investment shall be made until approved by tn
board of commissioners designated by law to reg
ulate the Investment of the permanent schoe
| fund of this State; shall such loan or invest
ment be made when the issue Of which the sam
In part would make the entire bonded indebted
ness exceed seven per cent of the assessed val1
school district, city. town or village issuin
such bonds; nor shall such loans or Indebtedness
than five 90 years nor for longer period tina
ge city or een Hf lines
feleye the real property in such town sehoe
!, the time Of issuing of such bonds from any Ii:
/ bility for taxation to pay such bonds.
- 1t is proposed by said act to amend the san
i SO to read follows:
e Section 6. The permanent school and unive
= sity fund of this state may be invested in Il
bonds of any county. school district. city. tow
= shall be made until approved by the board
= commissioners designated by law to regulate tt
5 the permanent university fund of this state; n
:, shall such loan investment be made whe
n to be or would
4 | ro) per cent of the assessed valuation of Il
y taxable real property Of the county, school di
q trict, city, town or village issuing such bond
nor shall such~loan or indebtedness be made
, lower rate of interest than three (3) per Gel
years, nor for a longer period than twenty (2
~ years, and no change of the town. school di
= tr1ct. city, village. or of county lines shall +
lieve the real property in such town. scho
district, county. village or city in this state
the time of the issuing Of such bonds from a,
The effect of the above amendment, # adopte
will be to authorize the investment of the pc
manent school end university fund Of this sta
than twenty (@o) years. at an interest rate n
less than three (s) per cent per annurn. in t
bonds of any. county, school district, city. tow
or village, Of this state. when the bonds to
issued or purchased will not make the enti
ceed fifteen (15) per cent Of the assessed velu
ton of the taxable real property contain
The substantial change proposed by said amen
ment is to authorize such investments when t
entire Indebtedness including the loan in que
assessed valuation of the taxable real proper
- In such municipalities; whereas, under the ext
y ing constitution loans permitted only whe
such total Indebtedness does not exceed sew
!, CD per cent of the assessed valuation.
h III.
H. BY IN Act of the Legislature of the State
FOR Minnesota, approved April u, 1901, and kno
,rs as House File No. 353 it is proposed to Anne
-" Section Sixteen (16), Of Article Nine (9) of
Constitution.
The Section as now existing reads as folio,
MS Section 10. For the purpose of lending aid
H.. the construction and Improvement of public hi
dy ways and bridges there is hereby created +,
I'VE to be known the estate road and bridge fun
7as Said fund shall include all moneys accruing fl
in the income derived from investments
our the internal Improvement land fund, or that II
at hereafter accrue to said fund.- and shall
include all funds accruing to any state road
rec bridge fund. however provided.
&c. The legislature is authorized to add to S
ace fund for the purpose of constructing Or imp
ing roads and bridges of this state, by providi
- in its discretion for an annual tax levy upon
JG property Of this state Of not to exceed in
year twentieth Il -2O) of one a mill on
the taxable property within the state.
. The legislature is also authorized to provide
- the appointment by the governor of the 81
- Of a board to be known as the Estate Highly
commission consisting of three (3) memb
n who shall perform such duties shall be
scribed by law, without salary or compensa
- other than personal expenses.
- Such commission shall have general supe
ttendence of the construction of state roads
bridges and shall such fund in the const
ton thereof and distribute the same in the
eral counties in the state upon an equit
u basis. Provided, further that county S
~ receive in any year more than three (3)
- cent or less than one-half on of G)