The Cook County herald. [volume] (Grand Marais, Minn.) 1893-1909, 1902-10-11

AT THE GENERAL SESSION IN 1901
AND THE EXTRA SESSION IN 1902.
AS WE'LL AS A sYONPsIs OF CHAP
TER $50 OF THE GENERAL LAWS
OF 1901. PROPOSING AN INCREASE
OF THE GROSS EARNINGS TAX
UPON RAILROAD PROPERTIES.
Pursuant to the provision. of Section
32a, of Article Nv Of the State Constitu-
ton, the Legislature by Act approved
April g. 1901. known as Chapter $50 or 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
state shall. during the year l9oS. and an
nuaLy thereafter. pay into the treasury
OF this state. al taxes upon all property
within this state owned or operated for
Guiding equipment. appurtenanees. ap-
pendases and franchises thereof, q sum
OF money equal to four ~ per cent of the
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
and remain EXEMPT from taxation until
sold or contracted to be sold OF conveyed
as provided IN the respective acts whereby
Sec. ?. rms term the gross earnings
Of railway within this state" as used in
section s1stI one q? Of this act: is hereby de;
earnings on business beginning and end
ing within the state, and q proportion Of
earnings on all interstate business passing
through. into or out Of the state as the
to the entire mileage operated by such
Sec. 5: All acts and parts of acts not
ment. collection. time OF payment. en-
amount Of taxes upon the gross earnings
OF railroad companies within this state, or
Of such taxes. are hereby made applica-
BILE to this act so far az may be: and all
acts and parts OF acts Inconsistent with
the provisions of this act are hereby re-
Sec. 4. Upon failure to pay the amount
OF such taxes legally due upon the dates
heretofore provided by law for the pay
edies. collection may be enforced in q
civil action brought in the name Of the
State of Minnesota in the district court
of any county.
Sec. s. 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
cThe omitted provision refers to the
ting the act for ratifcation)
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 4 sum Of money equal to
four Per cent upon the gross earn
II u
such lines of railway therein.
Under the terms of the Constitu.
ton above referred to, this Act Of
the Legislature must be submitted
to legal voters of the State, and Will
become operative If adopted by q
majority OK such electors voting At
the next general election.
II.
BY an Act Of the Legislature of the
State of Minnesota. approved February
% 1901. and known as House File No.
1OO, 1t is proposed to amend Article
Eight (8), Section Six (G Of the Consti-
tuition.
This Section ~ now existing reads "A
Section g. The permanent school and
university fund of this State may be in
vested In the purchase of bonds Of any
village Of this state, but no such inv est
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: ei nor
snail such loan or investment be made
when the issue Tof which the same in
debtedness exceed seven per cent Of the
assessed valuation Of the taxable real
property OF the county, school district,
city. town or village issuing such bonds:
Cd 10
made at a lower rate Of interest than
tnree per cent per annum nor for q short
er period than five % years nor for g
village, city or county lines shall relieve
the real property in such town, school
state at the time Of issuing Of such bonds
from TON any, any liability for taxation to pay
It is proposed by said act to amend ~.
same 80 az to read as follows: =.
university fund Of this State may be in
s :t4st in e the }e%s sehec
state. but no such Investment shan he
made until approved by the board OF
ths ef t Sy w to
sity fund Of this state; ''' nor un shall
~. such loan or Investment be made when
ness exceed fifteen (15) per cent Of tha
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 g. lower rate of interest than
three (9 per cent per annum, nor for q
shorter period than hve (5) years. nor
for longer period than twenty (2O)
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 OF
city In this state at the time OF the issll-
ing OF such bonds from any liability FOR
taxation to pay such bonds. 49,,
| The eject Of the above amendm ent.
If adopted, Will be to authorize the
investment Of the permanent school
and university fund Of this state for
. period OF not less than I've (B) or
more than twenty (2O) years, d 1t an
interest rate not less than three (ssl
Per cent per annum, In the bonds 81
any county, school district, city.
town, ar village Of this state, when
the bonds to he issued Or purchased
Will mot make the entire bonded
Indebtedness Of such snunicipalities
exceed hfteeA (16) Der cent 81. tho
fassessed valuation of the taxable
real property containea therein.
a The Sub1taAfia chan1a nP0noaaA