The Redwood gazette., 1902-10-08

| SIS or Chapter 100 OF the General Laws o1
1901, being an Act involving the taxation
Of railroad property. to be submitted TO
| the electors of the State for adoption or
rejection at the next General Election.
| Yours respectfully,
| W. B. DOUGLAS,
| Attorney General.
| 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 WELL AS A sYONPsIS OF CHAP
TER 15O> OF THE GENERAL LAWS
OF 1901, PROPOSING AN INCREASE
OF THE GROSS EARNINGS TAX
| UPON RAILROAD PROPERTIES.
Pursuant to the provisions of Section
! ga, OF Article " of, the State Constitu-
| ton, the Legislature by Act approved
| April i, 1901, known as Chapter 1oO OF the
General Laws OF 1901, present to the elec-
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 wttnin. or partly ,t within, this
! state shall, during the year 1903 and an
| nUal!y thereafter, pay into the treasury
| Of this state, es taxes upon all properly
| within this state owned or operated tor
| railway purposes by such company, IN
Guiding equipment, appurtenances, aD-
| pendages and franchises thereof, sum
| OF money equal to TOUR t4) per cent OF the
| gross earnings derived from the operation
| OF such line OF railway within this state;
and the payment OF such taxes shall be in
| full and in lieu Of all other taxes upon the
| property and franchises so taxed. The
| lands acquired by public grant shall be
| and remain exempt 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. =. The term the gross earnings
| derived from the operation OF such line
| of railway within this state,' as used in
| section one O) of this act, is hereby de-
clared and shall be construed to mean all
I 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
! Sec. 3. 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 30 far as may be; and all
| acts and parts Of acts inconsistent with
! the provisions of this act are hereby re-
| pealed.
| 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
I civil action brought in the name of the
State of Minnesota in the district court
| Of any county.
the people Of this state for their approval
or rejection at the next general election
! for the year 1907
| (The omitted provision refers to the
method of printing the ballot and submit
| ting the act for ratif1cation0
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
| four per cent upon the gross earn
inEs derived from the operation Of
such lines of railway therein.
| Under the terms of the Constitu-
| tiOn above referred to, this Act of
the Legislature must be submftte d
to legal voters of the state. and will
become operative if adopted by n
majority of such electors voting at
the next general election.
| II.
BY an Act of the Legislature OF the
State of Minnesota, approved February
2S 1901. and known as House File No.
| 100, it is proposed to amend Article
Eight (s). Section Six (0 of the Consti-
tuition
This Section as now existing reads a.
follows:
university fund of this State Say be in
vested in the purchase of bonIs of any
county. school district, city. town OF
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
nent university fund of this State: nol
shall such loan Or investment be made
when the issue of which the same in
part would make the entire bonded in
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 lower rate of interest than
three per cent per annum nor for s hort
er period than five t5> years nor for q
longer period than twenty t2ol years. an6
no change OF the town. school district
village city or county lines shall relieve
district. county. village or city in this
state at the time of issuing of such bond:
from any liability for taxation to pay
such bonds.
It is proposed by said act to amend thu
same SO as to read as follows:
Section 8. The permanent school an6
university IUnQ or talS state may pe llr
vested in the bonds of any county, schoo
district. city. town or village of this
state, but no such investment shall b.
made until approved by the board o.
commissioners designated by law to reg
ulate the investment of the permanent
school fund and the permanent univer
sity fund of this state. nor shall
such loan or investment be made wheI
the bonds to be issued or purchased
would make the entire bonded indebted
ness exceed fifteen 615l Der cent Of the
assessed valuation of the taxable rea
| property of the county. school district
city. town or village issuing such bonds
nor shall such loans or indehte tedness b.
made at a lower rate Of interest thar
| three 60 per cent per annum nor for
shorter period than hve 90 years, nol
for longer neriod than twenty co
years. and no change of the town. schoo
district. city. village. or of county lines
shall relieve the real property in sucl
town. school district, county. village o
city in this state at the time of the issu
ing of such bonds from any liability 70,
taxation to paw such bonds.
The effect of the above nmenilme ent
II adopted. Will be to authorize thu
. investment of the perm0nent schoo