The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1902-10-16


by said amendment is to authorize
such investments when the entire
indie btedness, including the loan In
question, does not exceed fifteen (15)
per cent of the assessed valuation
Of the taxable real property in such
municipalities; whereas, under the
existing Constitution loans are per-
mitted only where such total In
debtedness does not exceed seven
~ per cent of the assessed valu-
alton. -
~ An Act of the Legislature Of the
STATE OF Minnesota Approved April IL,
!sol, and @known as House File No. 1853, it
is proposed to Amend Section Sixteen 16)
OF Artlcle Mine CO. of the Constitution.
follows: =, -. .. -" -
Section Is. For the purpose Of lending
ala in mt the construction and Improvement
OF pupllc highways and bridges there is
aefeRy r created fund to be known as the
shall include all moneys accruing from
the income derived from Investments in
the internal Improvement land fund, or
and shaY Isis ele5 iaa1 accrue to said fund,
TO any state road and bridge fund. how
ever provided. 20. "-
The legislature is authorized to add to
such fund for the purpose of CONSTRUCTIVE
or improving roads and bridges of this
state, by providing, in it's discretion. for
an an annual tax levy upon the property of
one-twentieth Q-2O) of one ID mill on all
the taxable property within the state.
me legislature is also authorized to
ernor Of the state of a board to be known
as the state highway commission" con-
sastffng of three - members who shall
scribed by law, without salary on com
pensation other than personal expenses.
SHch commission shall have general su-
roads and bridges and shall use such
fuEd in the construction thereof and
distribute the same in the several,
S Go IN in the state upon an equitable
county shall receive in 'H any year ear' more me
than tn three (9 per cent or less than one
nd tEus of ppoa per cent of the fetal
such year; and provided, further, that no
more than one-third Q-3) Of such fund
accru1ng in any. year shall be expended
than one-third C-39 of the cost Of cor con- y
structlng or Improving any road or bridge
be paid by the state from such fund.
1t is proposed by said Act to amend the
same so as to read as follows:
Section 16. For the purpose of lending
aid In the construction and Improvement
of public highways and bridges, there is
hereby created a fund to be known as the
fund shall include all moneys accruing
from the interest derived from the in
vestments in the internal improvem ent
to said fund, and shall also include all
funds accruing to any state road and
bridge Tis , fund however provided;
such fund for the purpose Of construct
Ing or improving roads and bridges of the
state, and providing in it's discretion for
an annual tax levy upon the property Of
No IN 'nr1r @,oo
year one-tenth Q-1O of one mill on all
the taxable property within the state.
The existing Constitution author
lies Legislation providing for levy
of a state tax of 1-2O of one mill for
the purpose of building roads and
bridges, and provides for it's use
under the direction of a State High
way Commission in such counties
as shall contribute at least double
the amount of the State moneys ex-
pended by said Commission for such
purpose, subject also to certain
other limitations.
BY the proposed change, a tax of
lilo of one mill is authorized to be
levied for this purpose; the High
way Commission is abolished, and
the result, if the proposed amend
ment Is adopted, will be to place
the distribution of such funds in the
hands of the Legislature, without
Limitation or restriction.
w.
By an act of the legislature of the State
of Minnesota, known as chapter one D
of the Laws of the Extra Session Of 1902,
1T is proposed to amend sections one Cd,
two G) and three (9 of article nine (9)
of the constitution.
The sections as now existing read as
lows:
Section 1. All taxes to be raised in
tn this state shall be as nearly equal as may
to be levied shall have cash valuation,
and be equalized and uniform throughout
the state; provided, that the legislature
thorize municipal corporations to levy
assessments for local improvements upon
the property fronting upon such improve
ments, or upon the property, to be bene-
hted by Such improvements, or both,
without regard to a cash valuation, and
In such manner as the legislature may
prescribe; and provided, further, that for
the purpose of defraying the expenses of
city or municipality with water, the leg
lslature may, by general or special law,
authorize any such city or municipality,
having population of five thousand or
more, to levy an annual tax or assess
ment upon the lineal foot of all lands
fronting on any water main or water
pipes laid by such city or municipality
within corporate limits of said city, for
supplying water to the citizens thereof.
without regard to the cash value of such
property, and to empower such city to
collect any such tax assessments, or fines
or penalties for failure to pay the same,
or any fine or penalty for any violation
of the rules Of such city or municipality
in regard to the use of water, or for any
water rate due for the same.
And provided further, that there may
be by law levied and collected a tax upon
all inheritances, devises, bequests, lega-
cies and gifts of every kind and descrip-
ton above a fixed and specified sum, Of
any and all natural persons and corpora
tons. Such tax above such exempted
sum may be uniform, or it may be grad
ed or progressive, but shall not exceed
a. maximum tax of five per cent
Sec. 2. The legislature. shall provide
for an annual tax sufficient to defray the
estimated Ordinary expenses of the
state for each year; and whenever it
shall happen that such ordinary expenses
Of the state for, any year shall exceed
the income of the state for such year,
the legislature shall provide for levying
tax for the ensuing year sufficient,
with other sources Of income, to pay the
deficiency of the preceding year, together
with the estimated expenses of such en-
suing year.
Sec g. Laws shall be passed taxing
all moneys, credits investments in bonds,
stocks, joint stock companies, or other
wise; and also all real and personal prop
erty, according to It's true value in
money; but public burying grounds, pub
liz schOO1hOnSeS nuh1ic hOSnita1s acad.