The Appeal. [volume] (Saint Paul, Minn. ;) 1889-19??, 1902-10-18

tuition of the State of Minnesota as pro-
posed by the General Laws of the State
Of Minnesota enacted at the General Ses-
sion of the Legislature In 1901 and the
Extra Session in 1902, as well as synop-
sis of Chapter $50 of the General Laws of
1901, being an Act involving the taxation
of railroad property. to be submitted to
the electors Of the State for adoption or
rejection at the next General Election.
Yours respectfully, ~ r..
w. B. DOUGLAS, -
Attorney General.
SYNOPSIS OF AMENDMENTS TO
THE CONSTITUTION OF THE STATE
OF MINNESOTA PROPOSED BY THE
LEGISLATURE OF THE SAID STATE
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 provisions Of Section
ga, of Article ~ of the State Constitu-
ton, the Legislature by Act approved
April +, 1901, known as Chapter $50 of the
General Laws Of 1901, present to the cleo
tors of the State for rejection or approval.
the following, to wit:
Section /. That every railway company
owning or operating any line of railway
situated within, or partly within, this
nuay thereater p pay into the treasrv
OF this state, as taxes upon all property
within this state owned or operated for
railway purposes by such company, in
pendages and franchises thereof, a sum
of money equal to four az per cent of the
gross earnings derived from the operation
ana the payment OF such taxes shall he in
full and in lieu of all other taxes upon the
property and franchises so taxed, The
lands acquired by public grant shall be
and remain exempt from taxation until
sold or contracted to be sold or conveyed
as provided in the respective acts whereby
such grants were made or recognized:
derived from the operation of such line
of railway within this state" as used in
section one O 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 proportion Of
earnings, on all interstate business passing
mileage operated within the state bears
to the entire mileage operated by such
company.
Sec. 3. Ali acts and parts of acts not
ment, collection, time of payment, en-
forcement, or reports involving the
amount OF taxes upon the gross earnings
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
ment thereof, in addition to existing rem
edies, collection may be enforced in a
t y a oct in t the of
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. . u. i. ;.
CThe omitted provision refers to the
method of printing the ballot and 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 a sum of money equal to
four per cent upon the gross earn
inEs derived from the operation OF
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 Il
majority of 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.
100, it is proposed to amend Article
Eight (S), Section Six co. of the Consti-
tuition.
This Section as now existing reads as
follows:
Section g. 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
the board of commissioners designated BY
law to regulate the investrnent of the
nent university fund of this State; nor
shall such loan or investment be made
when the issue of which the same in
part would make the entire bonded in
aessesad gXefed seven 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 per cent per annum nor for a short
er period than five 60 years nor for a
longer period than twenty (2O) years and
village. city or county lines shall relieve
the real property in such town, school
district &c. county, vilage or city in this
from any, liability for taxation to pay
such bonds.
1t is proposed by said act to amend the
same so as to read as follows ,.-r-
Section 6. The permanent school and
university fund Of this State may be in
vested in the bonds of any, county, school
state but G NO SUCH nveyt ags s of hs
commssionerss designated BY law U9t to req g.
ulate the investment of the permanent
school fund and the 1lr,ixy
sity fund of this state; nor shall
such. loan or investment be made when
would make the entire bonded Indebted
assessed valuation Of the taxable real
city, town or village issuing such bonds:
nor shall such loans or Indebtedness be
made at lower rate of interest than
shorter period than five 90 years, nor
for a longer period than twenty (2O)
years. and no change of the town, school
district, city, village, or Of county lines,
sna r sahoei pr9ReeIty Ia such
city in this state, at the time Of the issu-
ing of such bonds from any liability fol
taxation to pay such bonds. @
The effect of the above amendment,
if adopted, will be to authorize the
investment of the permanent school
and university fund of this state for
n period of not less than i've (6) or
more imam I"eHtS5 SAO) years, at an
interest rate not less than three (3)
per cent per annum, in the bonds OF
any county, school district, city,
town, or village of this state, when
the bonds to be issued or purchased
Will not make the entire bonded
indebtedness of such municipalities
exceed fifteen (15) per cent of the
assessed valuation of the taxable
real property contained therein.
The substantial change DFODORed
by said amendment is to authorize
such inyestments when the entire