The Redwood gazette., 1902-10-22

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 $50 OF THE GENERAL LAWS
OF 1901, PROPOSING Al INCREASE
OF THE GROSS EARNINGS TAX
UPON RAILROAD PROPERTIES.
Pursuant to the provisions OF Section
32a, Of Article " of the State Constitu-
tion, the legislature by Act approved
April T., 1901, known as Chapter 1oU OF Lle
General Laws Of 1901, present TO the elec-
tors Olthe State for rejection or approval.
the following, to wit:
Section l. That every railway company
owning or Operating any line OF railway
situated within, or partly within, this
state shall, curing the year 1903, and an
OF tEls state, as ta->es upon all properly
within this state owned or operated for
rall'Way PURPOSES oy such company IA
pendages and franchises thereof, a sum
Of money equal TO tour ~ per cent Of the
gross earnings derived from the operation
Of such line Of railway within this state;
ana 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
sold or contracted to be sold or conveyed
as provided in the respective acts whereby
such grants Is were made or recognized:
Sec. 2. The term the gross earnings
derived from the operation OF such line
Of railway within this state,' as used in
section one 1) Of this act, is hereby de-
clared and shall be construed to mean all
earnings on business beginning and end
ing within the state and a proportion of
earnings or 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
company.
Sec. 3. All acts and parts of acts not
inconsistent herewith regulating the pay
forcement. or reports involving the
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 so far as may be- and all
acts and parts Of acts inconsistent with
the provisions Of this act are hereby re-
pealed.
Sec. 4. Upon failure to pay the amount
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
civil action brought in the name of the
State of Minnesota in the district court
OF any county.
Sec. 5. This act shall be submitted to
the people of this state for their approval
or rejection at the next general election
for the year 1902.
(The omitted provision refers to the
metnOd OF printing the OallOt ana SUBMIT
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
railroads situated within the State,
from three per cent upon the gross
earnings derived from the operation
of such lines of railway within the
state, to T. sum of money equal to
four per cent upon the gross earn
such lines of railway therein.
Under the terms of the COnStitu-
tion above referred to. this Act OF
the Legislators" must be submitted
to legal voters of the State. and will
become operative if adopted by n
majority Of such electors voting at
| the next general election.
BY an Act of the Legislature of the
State of Minnesota. approved February
IS 1901. and known as House File No.
100, it is proposed to amend Article
Eight (S), Section Six (6) Of the Consti-
tuition
This Section as now existing reads a.
! follows:
Section G. The permanent 2nhool and
| university fund of this State say be in
| county. school district, city. town or
| village of this state but no such invest
| ment shall be made until approved by
| the board or commissioners designated by
law to regulate the investment of the
permanent school fund and the perma-
| 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
| debtedness exceed seven per cent of the
assessed valuation of the taxable real
| property OF the county, school district
| city, town village issuing such bonds
nor shall such loans or Indebtedness. be
| made at q lower rate Of interest than
three per cent per annum nor for short
| er period than five 80 years nor for a
! longer period than twenty t2o) years. anc
no change Of the town. school district
the real property in such town. schoo
! district. county, village or city in this
state at the time OF issuing OF such bonds
from from any any liability for taxation to pay
1t is proposed by said act to amend tht
same SO as to read as follows:
Section s. The permanent school anc
university fund of this State may be in
vested in the bonds of any county. schoo
district. city. town or village OF thi:
state. but no such investment shall b.
commissioners designated by law to reg
| ulate the investment of the pernanen
school fund and the permanent univer
sity fund fund Of this sta;e: nor shal
the bonds to be issued or purchased
would make the entire bonded indebted
| ness exceed fifteen (15l Der cent OF th'
assessed valuation Of the taxable rea
property of the county. school district
city, town or village issuing such bonds
nor shall such loans or Indebtedness b.
made at a lower rate of interest thar
three (S) per cent per annuul. nor for
shorter period than five (0 years. no
for a longer Deriod than twenty 20
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 TO
taxation to paw such bonds.
| The effect of the above amendm e n I
If adopted. will be to authorize TIL,
investment of the permanent Schoo
and university fund of this state fo
! n period of not less than five t5) q
more than twenty t2Ol years. at al
interest rate not less than three t3
per cent per annum. in the bonds o.
any county. school district. city
tow-l. or village of this state. whe1
the bonds to be issued or purchased
will not make the entire bondet
indebtedness oil suck municipa1itie
exceed fifteen (1eD per cent of th,
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