Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1902-10-09

tAe electors of the State for adoption OF
rejection at the next General Election.
Yours respectfully
w. B. DOUGLAS,
Attorney General.
6YNOPSES OF AMENDMENTS TC
YdE CONSTITUTION OF The STATE
g. MINNESOTA PROPOSED BY THE
hAaGISLATURE OF THE SAID STATE
Al THE GENERAL SESSION IN 1901
AND THE EXTRA SESSION IN 1902
AS WE'LL AS A SYONPSIS OBJ CHAP
TINR $50 OF THE GENERAL LAWS
eF 1901. PROPOSING AN INCREASE
oF THE GROSS EARNINGS TAX
sFoN RAILROAD PROPERTIES.
Pursuant to the provisions Of Section
IA, ct Article w Of the State Constitu.
asea, the Legislature by Act approved
Aeri1 =. 1901. known as Chapter $50 Of the
General Laws Of 1901, present to the cleo
tiers OF the State Tor rejection or approval
the following, to wit:
Section l. That every railway company
ewing or operating any line of railway
sSuated within. Or partly within. this
NE shall. during the year 1903, and an
q this state. Al taxes Upon all property
wAthin this state owned OF operated for
rMay purposes by such company. in
.nn equipment. appurtenanees. ap-
o9 money equal to four a. per cent Of the
R3PaS earnings derived from the operation
a euch line OF railway within this state;
ri the payment OF such taxes shall be In
~ and In lieu Of all other taxes upon the
HRerty and franchises 50 taxed. The
- acquired BY public grant shall be
remain exempt from taxation until
mrsvtded In the respective acts whereby
Sa6 grants were made or recognized.
4ec. 4 The term the gross earnings
SlSyed from the operation Of sach line
lion one a. 81 this act, Is hereby de-
ARo and shall be construed to mean all
nnes On business beginning and end
within the state, and a proportion of
saSHnHs en- ell Interstate business passing
SaEh, into or out Of the state as the
~eage operated within the state bears
teathe entire mileage operated BY such
~ :. All acts aad parts of acts not
AA0ds1steat herewith regulating the pay
AaNt collection, time Of payment, en-
fe9nent. or reports involving the
AMOUNT Of taxes upoz the gross earnings
MSF1Q1nE penalties for the n0n-payment
such taxes. are hereby made applica-
h& to this act so far as may be; and all
a&S and parts of acts inconsistent with
2E provisions OF this act are hereby re-
p<haed.
Sec. 4. Upon failure to pay the amount
e such taxes legally due upon the dates
heretofore provided by law for the pay
nght thereof, in addition to existing rem
S4las, collection may be enforced in a
GNl action brought in the name OF the
state OF Minnesota in the district court
Of any county.
Sec. ). This act shall be submitted to
The people of this state for their approval
e rejection at the next general election
W. lne year t5vZ.
GEhe omitted provision refers to the
of tir1cr ha ha1l
ting the act for ratification)
This act provides for an increase
Of the amount Of taxes collected by
the State upon the property of the
SSalrOads situated within the State,
from three per cent upOn the gross
eArnings derived from the operation
- such lines of railway within the
SKATE, to "a sum of money equal to
four per cent upon the gross earn
hn8s derived from the operation of
sach lines Of railway therein.
Under the terms of the Constitu-
tf~A above referred to, this Act of
the Legislature must be submitted
to legal voters OF the State, and will
Income operative If adopted by u
majority of such electors voting at
the next general election.
II.
ny an Act of the Legislature of the
~~%o VI hAuhesold dppEOVeu FeDruary
-. 1901, and known as House File No.
1oo. it ia proposed to amend Article
Night ~, Section Six 90 OF the C0nsti-
tuition.
This Section as now existing reads as
fellows:
2ection e. 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
nent 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
part would make the entire bonded in
Aebtedness exceed seven per cent of the
assessed valuation Of the taxable real
city, town or village issuing such bonds;
Ror shall such loans OR Indebtedness be
nade at lower rate of interest than
three per cent per annum nor for short
hnger period than twenty 600 years, and
no change of the town. school district,
Village, city or county lines shall relieve
district, county, village or city in this
at2te at the time of issuing Of such bonds
from any. liability for taxation to pay
eAch bonds.
It is proposed by said act to amend the
same SO as to read as follows:
Section The permanent school and
university fund Of this State may. be in
vested In tn, bonds Of any county, school
District, city, town or village of this
state. but no such Investment shall be
made until approved by the board of
commissioners designated by law to reg
date the investment of the permanent
school fund and the permanent univer-
sity 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 indebted
ness exceed fifteen q5) per cent of the
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 90 per cent per annum, nor for a
shorter period than five % years, nor
for a longer period than twenty (20)
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
city In this state at the time Of the issu-
ing Of such bonds from any liability for
taxation to pay such bonds.
The effect of the above am endme e 1T,
If adopted, will be to authorize the
Investment of the permanent school
and university fund of this state for
g. period of not less than five 90 Or
more than twenty (20) years, at an