The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1916-11-04

BY Chapter 379, Laws 1918, the legis.
nature proposed for adoption by the
(2) OF Article Eight of the Constitu.
ton, by adding to said Section Two O
new paragraph.
Section Two ms 1t now stands reads
as follows:
Section 2. SCHOOL AND SWAMP
IANDS-SCHOOL FUNDS FROM SALE
OF-The proceeds Of such lands as are
or hereafter may be granted by the
United States for the use OF. schools
shall remain a perpetual school fund
to the state: and not more than one
third Of said lands may be sold in two
years, third in FIVE years, and one.
the greatest valuation shall be sold
drst: Provided, that no portion OF said
lands shall be sold otherwise than at
public sale. The principal Of all funds
arising from sales or other disposition
OF lands or other property, granted or
entrusted to this state in each town.
Ghip for educational purposes, shall
forever be preserved InvIoIaTs and uns
diminished; and the income arising
from the lease or sale of said school
terent townships throughout the state
in proportion to the number Of scllols
arS in each township, between the ages
of FIVE and twenty;one years. and shall
objects of the original grants or APP
preparations. Suitable laws shall Be
enacted by the legislature for the. safe
investment Of the principal Of all fundD
which have heretofore arisen or which
may hereafter arise from the sale or
other disposition Of such lands. or the
income from such lands accruing In
any way before the sale or disposition
the Gf1ita IN dl4ftecestobeaTi1g bonds Of
or of such other state as the legislas
ture may by law from time to time di-
rect. All swamp lands now held by
TO, the state, shall be appraised and
same officers and the minimizing price
provided by law for the sppraisement
end sale of the school lands under the
Provisions of title one Of sehapter
The principal of all funds derived
from sales of swamp lands as efore-
said shall forever be preserved lnvio.
the proceeds of said principal shall be
appropriated to the common school
fund Of the state; the remaining one
cational and c'iaritshle Institutions Of
the state in the relative ratio OF cost
to support said institutions"
The paragraph which 10 20 proposed
to add to said Section I've 9eads AZ
follows!
"A revolving. fund OF not over
two hundred fifty thousand dol.
from 0nd nay deAS.v 90 s ssom aO tss
sale Of school and swamp lands,
70 be used in constructing roads,
bitches and fire breaks in, through
and around unsold school and
swamp lands and in clearing such
lands, such fund to be replenished
as long as needed from the enc
HANGED value realized from the sale
OF such lands SO benefited"
Under Section Two 4s Il now STAND
the proceeds of the sale OF school AMI
swamp lands Constitute the princips
OF trust fund, the income Of which
Is used for the support OF the schools
educational and charitable institutions
OF the state. Section Two as It now
stands provides that the principal OF
such fund Shall forever be pressrved
tnviolats and undiminished."
THE EFFECT Of the proposed
amendment, If adopted, will be to mod
ffy the provision last quoted to the
extent of permitting the legislature to
set aside not to txceed s25o.0OO of the
principal of the trust fund az q revolv-
ing fund to he used for the purposes
stated In the amendment proposed.