The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-10-06

sis of Chapter 100 of the General Laws of
1901, being an Act involving the taxation
or 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
AS WE'LL AS A SYNOPSIS OF CHAP
TER $50 OF THE GENERAL LAWS
OF 1901. PROPOSING AN INCREASE 4 -
UPON RAILROAD PROPERTIES.
Pursuant to the provisions of Section
s. S2a, of Article ". Of the State Constitu--
ton, the Legislature by Act approved
april e. 4so known M n, as Cnaptef r. l fSe OF a ee
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
situated within or partly within, this
state, shall, during the year 1908, and an
nually thereafter pay into the treasury
OF this state. as taxes upon all property
within this state owned or operated for
railway purposes by such company in
GLIDING equipment, appurtenances, ap-
pendages and franchises thereof, sum
of money equal to four (4) per cent of the
gross earnings derived from the operati
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
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.
Sec. 2. The term "the gross earnings
derived from the operation of such line
of railway within this state" as used in
Aafi. 4 81 hi nnf iC hOIn h NY
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
through into or out of the state as the
mileage operated within the state bears
to the entire mileage operated by such
Sec. g. All acts and parts. of acts not
inconsistent herewith regulating the pay
ment, collection, time of payment en-
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 applca-
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
civil action brought in the name of the
Sec. s., This act shall be submitted to
the people of this state for their approval
rejection at the next general election
for the year 1902.
(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
the operation of such lines of railway
within the State, to sum OF money equal
to four per cent upon the gross earnings
derived from the operation OF such lines
of railway therein.
Under the terms of the Constitution
above referred to, this Act of the Leesla-
of the stfe, and will become operative if
adopted by majority of such electors
voting at the next general election
# f H.
BY an Act of the Legislature of the
State Of Minnesota, approved February 2S,
1901 and known as House File No. 100,
it is proposed to amend Article Eight
(S4. Section Six CO. of the Constitution.
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
ment shall be made until approved by
the board of commissioners designated by
law to regulate the investment of the
permanent school fund and the perma-
nent university fund of this State; nor
shall such loan or investment be made
when the issue Of which At 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;
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 CD years nor for a
longer period than twenty (20) 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 of city in this
state at the time Of issuing of such bonds
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
Cectien 6. The permanent school and
university fund of this State may be in
vested in the bonds of any county, school
state but no such SUCH 1ves Nag Shall 'f bs
made until approved by the board of
commissioners designated by law to reg
ulate tho investment of the permanent
school fund and the permanent university
fund of this state; nor shall such loan or
investment be made when the bonds to be
issued or purchased would make the en-
tire bonded indebtedness exceed fifteen
(15) per cent of the assessed valuation
of the taxable real property of the county,
ing such bonds; nor shall such loans or
Indebtedness be made at a lower rate of
interest than three CD per cent per an
num- nor for a shorter period than five
co. wears 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, vii
lage or city in this state at the time of
the issuing of such bonds from any liza
'bility for taxation to pay such bonds.
The effect the sbova
If adopted, will be to authorize the
Investment of the permanent school and
university fund of this state for a period
nOt less than three s. per cent per t an
district, city, town or village Of this state,
when the bonds to be issued or purchased
will not make the entire bonded Indebted
ness of such municipalities exceed fifteen
(15) per cent of the assessed Valuation
therein.
The substantial change proposed by said
amendment Is to authorize such Invest
ments when the entire Indebtedness, in
Guiding the loan In question, does not ex
valuation of the taxable real property
In such municipalities; whereas, under
the existing Constitution loans are permit
ted only where such total Indebtedness
does not exceed seven ~ per cent of the
assessed valuation.
III.
BY an Act of the Legislature of the
State of Minnesota Approved April 49,
1901 and known as House File No. S53. it
is proposed to Amend Section Sixteen (16)
of Article Nine (9) of the Constitution
The Section as now existing reads as
follows:
Section 16. For the purpose of lending
aid in the construction and Improvement
of public highways and bridges there is
hereby created fund to be known as the
Estate road and bridge fund" Said fund
shall include all moneys accruing from