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

5 /. That at the next general election in
this state, the following proposed amend
ment to the constitution of the state OF @outh
Dakota which is hereby agreed to, shell be
submitted to the electors OF this st8 . for
their approval, which amendment will I APP
proved and ratified shall become a lrt OF
the constitution as Article Invent nine
thereof:
Article %. The attorney general shall re-
ceive the same annual salary as is received
by the other state officers as enumera. I'd in
article 4. section IL. of this constitution.
The above proposed amendment W Il be
voted upon by the people at the general cleo
ton to be held in this state on TueSda the
8tb day of November. A. ID. 1901.
The proposed amendment will be printed
upon the ballot followed by the words:.
Shall the amendment to the constitution In
relation to the salary of the attorney general
be approved and ratified.
Immediately to the left otwaich shall be
printed the words yes" and NDo" each pre-
coded by a square in which the elector can
place a cross to indicate his voto. Electors
aes1ri ing to y vote yes, w snd pIacs 4 de enGss pc e
vote no" will place a cross before the word
no
Proposed Amendment TO the COnSti-
tuition of the State of South Dakota:
s /. That Section II Of Article s OF the
Constitution of the State Of South Dakota be
amended so as to read as follows:
$ II, The moneys Of the permanent school
dslu QUIET 6uuCdbiOldl uuU SHd}l pC
ed only in first morrga age upon good Inn
proved farm lands within this state, as here
matter provided or in bends ~ school cor
porations within this state or IN bonds of the
United states or of the State IT South Da-
kota or of any organized couissy. township
or Incorporated city in said stat. The legis-
lature shalt provide by law the method of
determining the amounts Of said funds.
which shall be invested from tfale to time In
such classes of securities respectively. taking
care to secure continuous investments as far
as possible.
All moneys OF said funds which may from
time to time be designated for investment
in farm mortg ages and i'm the bonds OF, school
corportlons, or IN bonds OF ORGANIZER coun-
ties, townships or incorporated cities within
this state, ball for such purpose be divided
among the organized counties or the state in
proportion to population as nearly as pro
ment may permit. The several counties
shall hold and manage the same as trust
funds, and they shall DC and remain respon,
sible and accountable for the prih ipal and
interest of all such moneys received by them
from the date of receipt until returned be-
cause not loaned; and in case OF loss OF any
money SO apportioned to any county. such
county shall make the same good out OF It's
common revenue. CountieS shall invest sald
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 OF
each loan shall not exceed one-third OF the
actual value OF the LANDS covered Dy the
mortgage, given TO secure the same, sucn
value to be determined by the board of
county commissioner of the county in which
the land IS situated and IN no case shali more
than FIVE thousand (o.00O dollars be loaned
TO any one person, firm OF corporation and
the rate of interest shall not De less than
five per cent per annum ana shall be such
other aad higher rate as the legislature may
provide and shall be payable s"eml-annually
on the first day OF January ana july: PRO
vIDED, that whenever there are moneys OF
said fund in any county amounting 10 one
thousand dollars that cannot he loaned &C
cording to the provisions Of this section and
any law pursuant. thereto. the said sum may
be returne to the state treasurer or be en-
trusted to some other comfy or counties. or
otherwise invested uuder tue PROVISIONS Vi
this section.
Each county shall semi-annually, on the
irst day of January and July. render an
account of the condition OF the funds In
trusted to 1t to the auditor Oh the state. and
at the same time pay TO or account to
the state treasurer for the interest due on
all funds intrusted TO 1T.
The legislature may provide BY general
law that counties may retain from interest
collected in excess OF five per centrum per
annum upon all said funds entrusted TO them
NOT to xceed one per centum per annum But
no county shall be exempted from the obi
cation TO make seni-annual payments 10 the
State treasurer or interest al the rate pro-
yided by law for such loans. except only said
one per centum. and in no case shall the In
terest so to be paid be less than hve pr CEN
tum per anDuIn.
The legislature shall provide by law for
the safe investment of the permanent school
-nrompt collection of interest and income
hereof. and to carry out the OBJECTS ana
provisions OF this section.
S 2. That the foregoing proposed amend
ment Is hereby agreed 70 and ~ hereby sub
al the next general election. for their APP
~ EM& aE