The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-10-27

sis of Chapter $50 of the General Laws OF
1901, being an Act involving the taxa AKA Oh
Of railroad property. to be submitted 10
the electors of the state for ADOPTION OF
rejection at the next General Election
Yours respectfully
W. B. DOUGLAS.
Attorney General.
EYNOPsES OF AMENDMENTS TO
THE CONSTITUTION OF THE STATE
OF MINNESOTA PROPOSED ,, By es,r I . E :;
LEGISLATURE OF THE SAID STATE
AT THE GENERAL SESSION IN l90i
AND THE EXTRA SESSION IN wv U
AS WE'LL AS A SYNOPSIS OF GHA AZ,
OF 1901. ePRoPOSING AN INCREASE
OF THE GROSS EARNINGS TAX
F.. UPON RAILROAD PROPERTIES.
Pursuant to the provisions of Section
s2a, of Article ~. of the State Censlitu55
tion. the Legislature by Act approved sssa
April g. 1901 known as Chapter lou OF the
General Laws of 1901. present to the ele tsI
tors of the State for rejection or approval
the-fo11owing. to wit:
Section 1. That every railway company 1!osla },
owning or operating any line of railway
situated within. or partly Wlthn. TINS
state. shall, during the year 1903, ana an
nually thereafter pay into the treasury
of this state as taxes upon all pFoUetly
within this state owned or operated !or
railway purposes by such company III
Guiding equipment. appurtenances, an
penGages and franchises Thereon, sun ~ L
of money equal to four (4) per cent OF Tue
gross earnings derived from the operation
of such line of railway within this state
and the payment of such taxes SnaIl De III
full and in lieu of all other taxes upon I.le
property and franchises so taxed. Inc
lands acquired by public grant shah pe
and remain exempt from taxation unli y
sold or contracted to be sold or conveyed
as provided in the respective acts WHEREBY
such grants were made or recognized
Sec 9. The term 1.-The gross earnings
derived from the operation OF such me
of railway within this state; as used IN
section enc ID of this act, is hereby de,
clarcd and shall, be construed to mean all
earnings on business beginning and end.
ing within the state, and proportion oI
earnings on all interstate business passing
through into or out of the state as the
mileage operated within the state pears
to the entire mileage operated by such
company
E@onsistent herewith regulating the pay
fnent. collection, time of payment. en-
forcement. or reports involving tne
CT railroad companies within this state. or
providing penalties for the non-payment
Of such taxes. are hereby made appilc L,
bic to this act so far as may be; ana an
acts and PARTS of acts inconsistent with
the provisions of this act are hereby re-
pealed.
Sec 4-'.Upon failtre 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
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
.(The omitted provision refers to the
method of printing the ballot and submit
ting the act for ratitica tlon.)
Z 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 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 legisla-
ture must be submitted to legal voters
of the State, and will become operative If
adopted by a majority of such electors
voting at the next general election.
Il
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
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
when the issue of which the same in
part would make the entire bonded 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, q lower rate of interest than
three per cent per annlIm nor for a short
er period than five 81 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:
CectIon s: The permanent school and
vested in the bonds of any county, school
district. city, town or village of this
state, but no such investment shall be
made until approved by the. board of
commissioners com sSs deslgnated by law to reg
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,
school district; city, town or village issu-
Ing such bonds; nor shall such loans or
Indebtedness be made at lower rate of
interest than three 60 per cent per an
mum, nor for shorter period than five
T7nr for
twenty (20) 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 of the above amendment
If adopted, will be to authorize the
university fund of this state for period
of not less than five (5) or more than
twenty (2o) years, at an interest rate
not less than three 90 per cent per 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
C5) per cent OF the assessed valuation
of the taxable real property contained
therein.
amendment is to authorize such invest.
nlents when the entire indebtedness. in
Guiding the loan In question, does not ex.
coed fifteen l15) per cent of the assessec
valuation of the taxable real PROPERTY
In such municipalities; whereas, undey
the existing Constitution loans are permit.
ted only where such total indebtedness
does not exceed seven (7) per cent of the
assessed valuation.
BY an Act of the Legislature of the
State of Minnesota Approved April IL
I901, and known as House File No 353. il
of Article Nine 90 of, the Constitution.
The Section as now existing reads as
follows:
Section 49, For the purpose of lendine
bid in the construction and improvement
of public highways and bridges there IS
hereby created a fund to be known as the
Estate road and bridge fund" Said funG
shall include all moneys accruing froeT
the incnme derived from inueStr,ao.,ts L