The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1906-10-18

Sir:
As required by Section 25 Of the
Revised Laws. I have the honor to
advise you as to the purpose and
erect of these amendments which
are to be voted on by the people at
the coming election.
FIRST PROPOSED AMENDMENT.
The first proposed amendment Is
contained in Chapter 1853 of the
Laws of 1905. By this am en- dment it
Is sought to repeal Sections one Cd,
two ca, three 90, four a. and sew
enteen 90 of Article nine CO.. OF
the Constitution (the latter section
being the amendment to said Article
nine co. adopted in 1906 which
sections now read us follows:
,".section 1, All taxes to be raised in
this state shall be as nearly equal as
may De. and all property on which taxes
are are to be LEVIED shall have cash valua
tSroue and De be- ea4alized and uniform
legislature may, by general law or spe-
cial act. authorize municipal corpora
IONS to levy assessments for local i'm
upon such improvements, or upon the
property to be benefited by such i'm
proyements, or both, without regard to
cash valuation, and in such manner as
yided further. that for the purpose Of
defraying the expenses of laying water
PIPES and 1i+ supplying any city or munic-
by general or Special IL law .s anthorize any
such city or municipality, having a pop
ulatlon OF five thousand or more, to levy
I'm 1;nea an2 ava tax or assessment upon the
water main or water pipe laid by such
city or municipality within corporate
III is Of a,t said city for supplying water
TO the cash value Of such property, and
to empower such city to collect any
such tax, assessments or fines, or penal
ties for failure to pay the same, or any
fine or penalty for any violation of the
rules of such city Or municipality in re-
gard to the use Of water, or for any wa
further, that there may be by law levied
and collected tax upon all inheritances,
devlses, requests, legacies and gifts Of
every kind and description above a
natural persons and corporations. Such
tax above such exempted sum may be
unit 9nifor p1 or grit it my be graded or pr9gres
tax of five per cent.
"section 2. The legislature shall pro-
vide for an annual tax sufficient to de-
fray the estimated ordinary expenses of
he state for each year. and it
Year shall exceed the ssat income 1er of any thy
state for such year, the legislature shall
provide for levying a tax for the ensu-
ing year sufficient, with other sources of
income, to pay the deficiency rs the pre-
ceding year, together with the estimated
law levying a tax o. making other pro-
visions for the payment of interest or
principal of bonds denominated sMinne-
sofa st State Railroad Bonds shall take
nave been submitted to a vote of the
people of the state, and adopted by a
majority OF the electors of the state vot-
Section g. Laws shall be passed tax
ing all moneys, credits, investments in
bonds, stocks, joint stock companies or
property; according to its true value in
money; but public burying grounds pub
lie school houses, public hospitals acad-
! emles, colleges, universities, and all SEM
property used for religious purposes, and
houses of worship. institutions of purely
public charity, public property used ex-
elusivelyy for any public purpose. and
ceeding In value two hundred dollars for
be exempt from taxation:
taxing the notes and bills discounted or
purchased, moneys loaned, and all other
property, effects, or dues of every de-
scription. Of all banks and of all bank
banking sh. IL always be subject to a
taxation equal to that imposed on the
property of individuals.
"Section II. The legislature may i'm
pose, or provide for the imposition Of
upon the property within this state of
any and all owners or operators, whether
corporate or Individual, or otherwise, Of
ing room cars, or any or either of the
same, which run in, into or through this
state; also upon the property within this
state of any and all telegraph and tele-
phone COmDanl0S w
are in. or extend in. into or through
this state; also upon the property within
this state of all express companies, or
owners; or any or either of the same,
doing business in this state; also upon
the property within this state of all do
nestle insurance companies of this state
In this state of any and all foreign in
surance companies doing business in
this state of any kind: also upon the
property within this state of all owners
or operators of any and all mines or Of
mineral ores situated in this state: also
upon the property within this state of ali
boom companies or owners, and of all
provided, that this act shall not apply to
property owned by railroad companies,
upon the property of either or any Of
such companies or owners,-a tax as mil
form as reasonably may be with the
taxes imposed upon similar property in
within this state. but Llay be graded or
progressive, or both, and in providing
for such tax. or in providing for ascer-
tanning the just and true value of such
property, it shall be competent for the
legislature, in either or ali Of such cases.
to impose such tax, upon any or ali
property thereof within this state. and
In either case by taking as the basis Of
such imposition tie proportionate BUSH
ness, earnings, mileage or quantity Of
production or property now or hereafter
existing Of any such companies, persons
or owners, transacted or existing n this
state, in relation to the entire business.
mileage or quantity of production or
property Of such companies, persons or
owners as aforesaid; or in such other
manner, or by such other method. as the
legislature may determine; but the pro-
ceeds of such taxes upon mining nron-
erty shall be distributed between the
state and the various political subdivi-
sions thereof wherein the same is Sit
uated, in the same proportion as the
proceeds of taxes upon real property are
distributed: Provided further, that MOTH
Ing in this act contained shall operate
to authorize the assessment or taxation
of any farm land or ordinary business
blocks or property owned by any such
corporation, person, firm or company ex-
cept in the manner provided by the or
binary methods of taxation"
And to substitute therefor the fol.
lowing.