The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1902-10-30

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,
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 NROSS 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 8, 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 1. That every railway COMPANY
owning or operating any line of railway
situated within, or partly within, this
state shall, during the year 1903, and an
nqa abs thereafter, pay into the treasury
Wlthln this state owned or operated for
railway purposes by such company, in
elu n1ng equipment, appurtenances, ap-
OF money equal to four a. per cent of the
gross earnings derived from the operation
OF such line of railway within this state;
tull and in lieu o. all other taxes upon the
property and franchises so taxed The
lands acquired by public grant shah be
and remain exempt from taxation until
q RI hn n16 or.
as provided in the respective acts whereby
SUCH grants We're made or recognized.
Sec. ?. The term 1.-The gross earnings
derived from the operation of such line
of railway within this state" as used in
section one N Of this act, is hereby de-
clared and shall be construed to mean all
ing within the state, and a proportion of
earnings on all Interstate business passing
through, into or out Of the state as the
mileage operated within the state bears
company.
Sec. 3: All acts and parts of acts not
inconsistent herewith regulating the pay
en, Solect1on' r time of payment en-
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-
pea1ed.
Sec. 4. Upon failure to pay the amount
of such taxes legally due upon the dates
heretofore provided by law for the pay
msnt thereof, in addition to existing rem
ed1eS, 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
e: (The 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
earn1nisssderfvcdf from the operation
of such lines of railway within the
State, to :. sum of money equal to
four per. cent upon the gross earn
1ngs 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 n
majority of such electors voting mt
the next general election.
10y oil ACI VI Lue 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 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
me It's shall ma IL 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
shall s5tSd II; such loan or investment be made
when the issue of which the same in
part would make the entire bonded in
d desteed exceed 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
three per cent per annum nor for a short
er period than five % 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 is. go. county, village or city in this
from any. liability for taxation to pay
such bonds.
It is proposed by said act to amend the
Sdue 50 DIS 10 redQ as follows:
Section 6. The permanent school and
uni. university fund Of this State may be, in:
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
ulate 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 mako the entire bonded indebted
ness exceed fifteen 90 per, cent. Of the
property Of the county, school district,
nor shall such loans or Indebtedness be
made at a lower rate of interest than
shorter period than five % years, nor
for a 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
city in this state at the time OF the fssu-
ing Of such bonds from any liability for
taxation to pay such bonds. @
The effect of the above am endment.
If adopted, will be to authorize tho
investment of the permanent school
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