The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-10-13

commissioners designated by law to regulate the
the permanent university fund Of this state nor
shall such loan or investment be made when
the bonds to be issued or purchased would make
the entire bonded Indebtedness exceed fifteen
l5) per cent Of the assessed valuation Of the
taxable real property Of the county, school dis
nor shall such loans or Indebtedness be made at
lowe. rate of interest than three 49, per cent
years, nor for longer period than twenty eos
o and no change Of the town school dis
the real % such scboe
district, county, village or city in this state
the time Of the ssng Of such bonds from
The effect Of the above amendment, il adopted,
will be to authorize the investment Of the per-.
for period Of not less than Ave (5) or more
than twenty (2o) years, at an interest rate not
h a 9 oy II tA
or village, Of this state, when the bonds to BE-
issued OF purchased will not make the entire
coed fifteen Q6) per cent of the assessed valua.
tion of the taxable real property contained
The substantial change proposed by said amend
entire "t INCLUDING tho loan in
assessed valuation of the taxable real property
in such municipalities; whereas, under the exist.
such total indebtedness does not exceed seven
CD per cent of the assessed valuation
BY en- Act Of the Legislature Of the State Of
Minnesota, approved April 10, 1901, and known
as House File No. $685. it is proposed to Amend
Section Sixteen 16), Of Article Nine (9) Of the
Constitution.
The Section as now existing reads as follows
Section 49, For the purpose Of lending aid in
ways and bridges there is hereby created fund
Said fund shall include all moneys accruing from
the income derived from investments in
the internal improvement land fund, or that may
horo ffnp ~
include all funds accruing to any state road and
bridge fund: however provided.
fund for the purpose of constructing tmprov-
ing roads and bridges Of this state, by providing
property of this state of not to exceed in any
the taxable property within the state.
the appointment by the governor of the state
of board to be known as the Estate highway
who shall perform such duties I as shall be pre-
scribed by law, without salary Or compensation
other than personal expenses
Such commission shall have general superin-
bridges and shall use such fund in the construc-
basis Provided, further that no county shall
cen or less baS Of hss e
cent of the total fund thus provided and expend-
ed asn sueh YEAH and vi
ing in any year shall be expended for bridges,
and in no case shall be more than one-third G-3)
of the cost of constructing or improving any
road or bridge be paid by the state from such
| fund.
so as to read as folio!
Section 16. For the purpose Of lending aid in
the construction and improvement Of public high
as tine is eag fssa
Fund.- Said fund shall include all moneys &C.
es from n the he
or that may hereafter accrue to said fund, and
shall also include all funds accruing to any
The legislature is authorized to add to such
fund for the purpose Of constructing or improv-
ing roads and bridges of the state and providing
the property Of this state Of not to exceed iI
fasaSs pseeet2 nhn S of sse mill on "
The existing constitution authorizes legislation
for fG ns sy Of state of Se Of
ton Of State Highway Commission in sucl
amount of the state moneys expended by said
| commission for such purpose, subject also tt
certain other limitations.
mill is authorized to be levied for this purpose
the Highway Commission is abolished, and the
will be to place the distribution of such funds
in the hands of the legislature, without 1imita
ton or restriction.
By act of the legislature of the State OF
Minnesota, known MS Chapter One ~, of the
Laws Of the Extra Session of 1902, it is proposed
to amend Sections One a., Two (2) and Three
| 81, of Article Nine (9), of the Constitution.
The sections now existing read as follows:
| Section l.. AL taxes to be raised in this
state shall be nearly equal as may be, and
| all property on which taxes to be levied
shall have cash valuation, and be equalized
and uniform throughout the state; provided that
the legislature may, by general law or special
act, authorize municipal corporations to levy as
sessments 10. for local Improvements upon the prop
erty fronting upon such improvements, or upon
the property to be benefited by such improve
ments, or both, without regard to cash valu-
ation and in such manner as the legisla-
ture may prescribe; and provided, further, that
for the purpose of defraying the expenses OF
laying; water pipes and supplying any city OF OF
general or special law. authorize any such
city or municipality, having a population Of five
| thousand or more, to levy annual tax as
sessrnent upon the lineal foot of all lands front
| ing on any water main water pipes laid by
such city or municipality within corporate linn
its Of said city, for supplying water to the citi
j zens thereof without regard to the cash value OF
! such property, and to empower such city to col
lect any such tax assessments, or fines or pen.
alties for failure to pay the same, any fine OF
| penalty for any violation of the rules Of such
| city or municipality in regard to the use OF
| water, for any water rate due for the same.