The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1902-10-30

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by said amendment Is to authorize
such Investments when the entire
1ndebte dness, 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-
m1tted only where such total in
debtedness does not exceed seven
90 per cent of the assessed valu-
alton. >,.t.- IT., .-.
~ An Act of the Legislature Of the
State Of Minnesota Approved April 10,
!9ol' ana known as House File No. 1853, it
rs proposed to Amend Section Sixteen 16
OF Article Nine co. of the Constitution.
Inc oectlon as now existing reads as
follows:
aid in the construction and Improvement
OF public highways and bridges there is
ht ety created fund to be known as the
shall include all moneys accruing from
the income derived from Investments in
ne me internal Improvement land fund, or
ana snail also include all funds accruing
e 10 any state road and bridge fund, how
The legislature is authorized to add to
such fund for the purpose Of constructing
or improving roads and bridges of this
state, by providing, in it's discretion, for
this state of not to exceed in any Year
one-twentieth Q-2O) Of one Q) mill on all
the H, taxable Iabie property within the state:
provide for the appointment by the gov
ernor of the state of board to be known
as the "state highway commission" con
perform such duties as shall be pre-
scribed by law, without salary or com
pesn lSal other than personal expenses.
perintendence Of the construction of state
roads and bridges and shall use such
f 5!a L., in the construction thereof and
in the the staPe upo IN he
basis. Provided, further, that no
county shall receive in any year more
ba1f IN dnree ~ per cent or less than one,
fund thus provided a and expended during G1a;
such year; and provided, further, that no
seah G any YEAR Of be ss sspea ed
than ene-third d-$@ Of the e cost 't Of l eon
be paid by the state from such fund.
1t is proposed by said Act to amend the
same so as to read as follows:
a., Se e, l6: For the purpose of lending
a al In the construction and Improvement
hereby created fund to be known as the
Estate Road and Bridge Fund" Said
fund shall include all moneys accruing
vestments in the internal Improvement
land fund, or that may hereafter accrue
to said fund, and shall also include all
funds accruing to any state road and
bridge fund however provided.
The legislature is authorized to add to
such fund for the purpose of construct
state, and providing in it's discretion for
Ills t* sfy 9pSR sai R1oP ay oe S
year one-tenth Q-10) of one mill on all
the taxable property within the state
The existing Constitution author
ICES legislation providing for a levy
of u 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 ut 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, n tax of
lilo of one mill is authorized to be
levied for this purpose; the High
way Commission is abolished, and
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 Cd
of the Laws of the Extra Session of 1902
it is proposed to amend sections one Cd,
two CO and three 60 of article nine co.
of the constitution.
The sections as now existing read as
lows:
Section 1. All taxes to be raised in
this state shall be as nearly equal as may
BE-, and all property on which taxes are
to be levied shall have a cash valuation
and be equalized and uniform throughout
the statei provided, that the legislature
may, by general law or special act, au-
thorize municipal corporations to levy
assessments for local improvements upon
the property fronting upon such improve
ments, or upon the property to be bene-
flied by, such improvements, or both,
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
islature may, by general or special law,
authorize any such city municipality,
having a 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
RRfS laid by such city or mqniGpay
supplying water to the citizens thereof
without regard to the cash value of such
property, ana 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 fixed and specified sum, Of
any and all natural persons and corpora
lions. 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
a 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
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