The Miller sun. (Miller, Hand County, S.D.) 190?-19??, 1904-10-12
Proposed Amendment TO the COnSti-
tuition or the State of South Dakota:

tuti0H or the State or SCUM DakOta.
S l.. That at the next general election in
this state. the following proposed amend
ment to the constitution of the state OF South
Dakota which Is hereby agreed to, shall he
submitted to the electors OF this state for
their approval. which amendment when ap-
proved and ratified shall become a part or
the constitution as Article Twenty-nine
Article %. The attorney general shall re-
/ ceive the same annual salary as is received
by the other state officers as enumerated In
article 4, section II. OF this constitution.
The above proposed amendment will be
voted upon by the people at, the general cleo
| tion to be held in this state on Tuesday, the
6th day of November. A. ID. 1904.
The proposed amendment will be printed
upon the ballot followed by the words:
Shall the Amendments to the constitution in
| relation to the salary Of the attorney general
be approved and ratified.
Immediately to the left Of WHICH shall be
coded by a square in which the elector can
place a cross to indie ate his vote. Electors
desiring to vote YES" viii place cross DC,
vote no" will place a cross before the word
mo-
PROPOSED Amendment to the COnSti-
tuition of the State of South Dakota:
S L. That Section u OF Article 8 of the
Constitution of the Stato OF South Dakota De
amended so as to read as follows:
IL. The moneys OF the permanent school
and other educational funds shall be invest
ed only in first mortgages upon good Inn
proved farm lands within this state, as here
matter provided or in lends OF school cor
porations within this stateOr in bonds OF the
United States or of the State OF South Da-
kota or Of any organized county, township
or Incorporated city in said state. The legiS-
lature shall provide by law the method OF
determining the amounts OF said funds,
which shall be invested from time to time In
such classes OF securities respectively, taking
care to secure continuous investments as Tar
as possible.
All moneys of said funds which may from
tine to time be designated for investment
in farm mortgages and In the bonds or school
competitions, or in bonds or organized coun-
ties, townships or Incorporated cities within
this state, shall for such purpose be divided
among the organized counties OF the state In
visions by law to secure continuous invest
ment may permit. The several counties
shall hold and manage the same as trust
sible and accountable for the principal and
interest OF all such moneys received by them
from the date OF receipt until returned be-
cause not loaHed: and in case OF loss of any
money so apportioned to any county. such
county shall make the same good out of its
common revenue. Counties shall Invest SAID
money in bonds OF school corporations, coun-
ties. townships or cities. or In first mort
cages upon good improved farm lands with.
in their limits respectively. The amount or
each loan shall not exceed one-third OF the
actual value OF the lands covered by the
mortgage, given to secure the same. such
value TO DO determined by the board OF
| ounty commissioners OF the county in which
| the land is situated andin no case shall more
than Eve thousand $4,000 dollars be loaned
to any one person. firm or corporation ana
the rate of interest shall not be less than
| FIVE per cent per annum and shall be such
other and higher rate as the legislature may
provide and shall be payable s~emi-annually
| on the first day OF January and July: PRO-
vIDEp. that whenever there are moneys Of
said fund in any county amounting TO one
thousand dollars that cannot be loaned ac,
cording to the provisions OF this section and
any law pursuant. thereto, the said sun may
be returned to the state treasurer or De en-
trusted 10 some oJier, coiiity or counties. 0I
otherwise invested under the provisions OF
this section,
Each county shall semi-annually. on the
first day OF January and July. render an
account of the condition or the funds In
trusted TO 1t TO the auditor OF the state, and
the state treasurer for the interest due On
all funds intrustetl to 1t.
The legislature may provide by general
law that counties may retain from Interest
annum upon all said funds entrusted TO them
not to xceed one per centum Der annum. But
4 no county shall be exempted from the obi
state treasurer OF interest at the rate pro-
vided by law for such loans, except only SAID
one per centum. and In no case shall The IN
terest 80 TO be paid be less than nye psr cen-
tum per annum.
The legislature shall provide by law for
the safe investment of the permanent school
and other educational funds and for the
prompt collection of interest and income
hereof. and to carry out the objects and
provisions OF this section.
= 9. That the foregoing proposed amend
ment Is hereby agreed 10 and u hereby SUD
mitted TO a vote Of the elections OF the stnte.
at the next general elertion. for their ap-
prevail