Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1902-10-16

-, p1OpcHlys 10 US submitted TO
sue electors OF the State for adoption or
rejection at the next General Election.
Yours respectfully,
w. B. DOUGLAS,
Attorney General.
SYNOPSES OF AMENDMENTS TO
TIE CONSTITUTION OF THE STATE
OF MINNESOTA PROPOSED BY THE
LEGISLATURE OF THE SAID STATE
AZ THE GENERAL SESSION IN 1901
AND THE EXTRA SESSION IN 1902.
AS WE'LL AS A SYONPsIs OF CHAP
SER l5O OF THE GENERAL LAWS
Ok 1901. PROPOSING AN INCREASE
or THE GROSS EARNINGS TAX
UPON RAILROAD PROPERTIES
pursuant to the provisions Of Section
ma. of Article ~ OF the State Constitu-
won. the Legislature by Act approved
eteaeral Laws OF 1901, present to the cleo
SVcs OF the State cor rejection or approval,
the following. to wit:
section i. That every railway company
sHnlhs or operating any line OF railway
~ uatsd within. Or partly within, this
ssgaiy thereafter, pay into the treasury
s< TINS state. as taxes .pon all property
Within this state owned or operated for
snHWay purposes BY such company. IN
1eodages and franchises thereof. SUM
g money equal to four (4) per cent Of the
sSoss earnings derived from the operation
M Such line OF railway within this state;
esaq the payment of such taxes shall be in
fual and In lieu of all other taxes upon the
property and franchises SO taxed. The
md remain exempt from taxation until
satd or contracted to be sold or conveyed
as provided In the respective acts whereby
s1en grants were made or recognized:
z oar 1iY1ey
SERVED from the operation Of such line
q railway within this state,'' a. used in
section one o. OF this act. Is hereby de-
dared and shall be construed to mean all
earnings on business beginning and end
As within the state. and proportion OF
earnings on all Interstate business passing
Mileage operated within the state bears
to the entire mileage operated by such
company.
Sec. s: All acts ana parts of acts not
Ment. collection, time OF payment, en-
fsrcement, or reports involving the
amount a. Of taxes upon the gross earnings
providing penalties for the non-payment
Of such taxes. are hereby made appl1ca-
hae 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-
Dealed.
Sec. 4. Upon failure to pay the amount
Of such taxes legally due upon the dates
ment thereof, in addition to existing rem
sdies, collection may be enforced in q
civil action brought in the name of the
State of Minnesota in the district court
Of any county.
Sec. 5. This act shall be submitted to
che people of this state for their approval
or rejection at the next general election
for the year 1862. -.
(The omitted provision refers to the
method of printing the ballet and submit
ting the act for ratificatiOn) F9
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
ings derived from the operation of
such lines of railway therein.
Under the terMs of the Constitu-
ton above referred to, this Act Of
the Legislature lnust be submitted
to legal voters of the state, and will
become operative il adopted by Il
majority of xuch electors voting at
the next general election.
BY an Act of the Legislature of the
state Of Minnesota. approved February
q, 1901, and known as House File No.
100, it is proposed to amend Article
Eight 49,, Section Six go Of the Consti-
tntion.
This Section as now existing reads as
follows:
Section 6. 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 invest
ment shall be made until approved by
the board of commissioners designated by
law to regulate the investment of the
permanent school fund and the perma-
nent university fund of this State; nor
shall such loan or investment be made
when the issue of which the same in
iiebtedncss exceed seven per cent of tho
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 be
made at a lower rate Of interest than
three per cent. per annum nor for short
er period than five 90 years nor for .
no change of the town, school district,
village, city or county lines shall relieve
the real property in such town. school
state at the time of issuing Of such bonds
from any, liability for taxation to pay
such bonds.
same Is 50 pf as to read az follows ed eA'
university 1und Of this State may be in
vested In the DOnQB OF any county, ScQOQ1
district, city, town or village Of this
state, but no such investment shall be
made until4sApproved by the board Of
commissioners designated by law to reg
niate the Investment Of the permanent
school fund and the permanent univer-
sfty fund Of this state; nor shall
puch loan or investment be made when
the bonds to be issued or purchased
would make the entire bonded indebted
ness exceed fifteen 90 per. cent Of the
assessed valuation Of the taxable real
property Of the county, school district,
eity. town or village issuing such bonds;
nor shall such loans or Indebtedness be
made at lower rate Of interest than
three f3) per cent per annum, nor for q
shorter period than five %. years, nor
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 or
oity In this state at the time of the issu-
ing Of such bonds from any liability for
faSation to pay such bonds.
The effect of the above amendment,
fl adopted, Will be to authorize the
Investment OF the permanent school
and university fund OF this state for
n period Of not less than Ave 90 or
more than twenty (2O) years, at an
interest rate mot less than three ca