Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1902-10-16

Attorney General.
SYNOPSES OF AMENDMENTS TO
THE CONSTITUTION OF THE STATE
OF MINNESOTA PROPOSED BY THE
LEGISLATURES OF THE SAID STATE
Al THE GENERAL SESSION IN 1901
AND THE EXTRA SESSION IN 1902,
AS WE'LL AS A SYONPSIs OF CHAP
YER lao OF THE GENERAL LAWS
OF 1901. PROPOSING AN INCREASE
Or THE GROSS EARNINGS TAX
UPON RAILROAD PROPERTIES.
pursuant to the provisions Of Section
aeas or Article Nv Of the State Consttu-
slon. the Legislature by Act approved
ARrH o. 19ol, known as Chapter 15U OF the
eseoerai Laws OF 1901, present to the cleo
WIS OF the State .or rejection or approval,
she following. to wit:
section 1. That every railway company
situated within, Or partly within, this
STATE snail. during the year 1908 and an
syNly thereafter, pay into the treasury
.it Inis s st. as taxes .Don all property
61Snln this state owned or operated for
I4uWay purposes BY such company. in
Auoins equipment. appurtenances. ap-
Hsodases and franchises thereof. sum,
e money equal to four az per cent Of the
cross earnings derived from the operation
OF such line OF railway within this state;
VAC the payment of such taxes shall be in
hsAA and in lieu OF all other taxes upon the
property and franchises SO taxed. The
Sapds acquired by public grant shall be
nad remain exempt from taxation until
sold or contracted to be sold or conveyed
ssch grants were made OF recognized.
Sec. z. The terra the gross earnings
SERVED from the operation Of such line
Of railway within this state" as used in
section one o. OF this act, is hereby de-
dared and shall be construed to mean all
earnings on BUSH" ss beginning and end
As within tile state and \ proportion OF
earnings on all Interstate business passing
nhrough, into or out OF the state as the
mileage operated within the state bears
ts the entire mileage operated by such
company.
Sec. 3. All acts and parts Of acts not
Inconsistent herewith regulating the pay
Aient. collection. time Of payment, en-
fsrcement. 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-
fae 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-
Dealed.
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 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
method of printing the ballot and submit
ting the act for ratfication.)
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 ErOSs
earnings derived from the operation
of such lines of railway within the
State. to sum of money equal to
four per cent upon the gross earn
ings derived from the operation of
such lines of railway therein
Under the terms OF the COnStitn-
ton above referred to. this Act Of
the Legislature. must be submitted
to legal voters Of the state. and will
become operative il adopted by IL
majority of xuch electors voting at
the next general election.
State Of Minnesota, approved February
q, 1901, and known as House File No.
100, it is proposed to amend Article
Eight 81, Section Six 90 Of the Consti-
tntion.
This Section as now existing reads as
follows:
Section 6. 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
IueIlt shall be made until approved by
law to regulate the investment of the
permanent school fund and the perma-
nent university fund of this State; nor
when the issue of which the same in
part would make the entire bonded in
tiebtedness exceed seven per cent of tho
property OF the county school district,
city, town or village issuing such bonds;
nor shall such loans or Indebtedness be
made at a lower rate Of interest than
er period than five 90 years nor for
longer period than twenty 600 years, and
no change of the town, school district,
village, city or county lines shall relieve
the real property in such town, school
district, county. village or city in this
state at the time of issuing of such bonds
from any liability for taxation to pay
such bonds.
It is proposed by said act to amend the
same so as to read as follows:
Section The permanent school and
university Iund of this State may be in
vested in Tho bonds Of any county. school
district. city, town or village of this
state. but 70 such investment shall be
commissioners designated by law to reg
ulate the investment Of the permanent
scIlool fund and the permanent unlver-
sity fund Of this state; nor shall
such loan or investment be made when
the bonds to be issued purchased
would make the entire bonded indebted
ness exceed fifteen 15) per cent OF the
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 a lower rate Of interest than
three (3) per cent per annum, nor for a
ahorter period than five % years, nor
for longer period than twenty (20)
Years. and no change of the town. school
district, city, village, or Of county lines,
snail relieve the real property in such
town, school district, county, village or
aity in this state at the time of the issu-
ing Of such bonds from any liability for
Rayatfon to pay such bonds.
The effect of the above amendment,
IL adopted, will be to authorize the
of the permanent school
and university fund Of this state for
- period of not less than Ave 90 or
more than twenty 900 years, at an
interest rate mot less than three ca
,er cent per annum, In the bonds Of
any county, school district, city,
town. or village of this state, when
me bonds to be issued or purchased
win not make the entire bonded