The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-10-13

sYNoPsEs OF AMENDMENTS TO THE CON
SrIIuIiON OF THE STATE OF MINNESOTA
r Fl 1n s'E n BY THE LEGISLATURES OF THE
SAID SA 9o STATE AT THE GENERAL SESSION
In 1901. AND THE EXTRA SESSION IN
lao2' AS WELL AS A SYNOPSIS OF
o oIi iacI l5o OF THE GENERAL LAWS
or 1901, PROPOSING AN INCREASE OB
THE GROSS EARNINGS TAX UPON RAIL
ROAD PROPERTIES.
Pursuant to the provisions of section 32a OF
Article Nv. of the State Constitution, the Legis
lature by act approved April g. 1901, known al
Chapter $50 of the General Laws of 1901 pre-
sent to the electors of the state for rejection
| approval, the following, to wtt
W E G1 p nart9 any line Of railway situated
ing the year 1903, and annually thereafter, pay
INTO M the treasury Of this state, taxes upon
for railway purposes by such company, including
fanehses tbsEpa"4 and
Of tbs gross s %SnfS eqSai
from the operation Of such line of railway within
be in 9 and the ne Of such taxes shall
lands ; acquired By public grant shall Be and re-
tracted to be sold or conveyed as provided in the
re acts whereby such grants were made
ssc u. e. The term, 1.-THE gross earnings derived
| this state as used in section one ~ of this
mean all earnings on business beginning and
ending ling within the state, and proportion OF
into or out the sae as ne s
age operated within the state bears to the zen en-
All aets DS OF aefs not
lection time Of payment, enforcem as or re- re-
gross earnings Of raiiroad companies Wv Withir f
this state or pro! ling penalties for the
Paynent OF sucn taxes, are hereby made applica
| Ele " Lu1S act so T0r be: and all acts
and parts of acts inconsistent with the provisions
or this act are hereby repealed.
Sec. 4. Upon failure to pay the amount Of
! such taxes legally, due upon the dates hereto
tore d 2f4yided by law for the payment thereof
the State Of oi in the dstrc
Sec. s.. This act shall be submitted to tn,
people OF this state for. their approval re
LECTION at the next general election for the yea
| (The omitted provision refers to the netho
OF printing the ballot and submitting the act TO
| This act provides for an increase in the amount
Of taxes collected by the State upon the prop
erty Of the railroads situated within the State
rived from tho operation Of such lines Of raiws,
within the State, to q sum Of money equal tt
f fo Per cent upon the g1oss earnings derived
| therein.
Under the terms Of the Constitution above re
submitted to legal voters of the State, and will
become operative if adopted by a majority O.
| such electors voting At the next general cleo
| ton. 't..@
| BY an act of the Legislature of the State Q
| Minnesota, approved February 2S, 1901, an
known as House File No. 1OO it is proposed t
amend Article Eight 49,, section Six (6) of til
| constitution. -, q ::
! This section as now existing, reads as follows
Section q. The, permanent, school and uniyer
| sity fund Of this state may be invested in tn,
purchase of bonds of any county, school dstr,ru
| city, town village of this state, but no sucl
| Investment shall be made until approved by tn
| board Of commissioners designated by law to reg
| ulate the Investment Of the permanent schoO
| ment be made when the issue of which the SAM
In part would make the entire bonded indebted
| ness exceed seven per cent Of the assessed valu
alton of the taxable real property of the county
school district, city, town or village issuin,
such bonds nor shall such loans or indebtedness
be made at lower rate of interest than thre
per cent per annum nor for shorter perio,
| than five (5) years nor for longer period thai
| twenty COY years. and no change of the town
school district village, city county lines shall
relieve the real property in such town, schoo
district, county, village or city in this state a
the time of issuing of such bonds from any liza
bility for taxation to pay such bonds.
| It is proposed by said act to amend the sam
so as to read follows:
Section g. The permanent school and univer
| sity fund of this state may be invested In tn
bonds Of any county, school district, city, tow
or village of this state, but such 1nvestluen
shall be made until approved by the board o