Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-04-02
Of 100000 which il Immediately
available and an emergency clause Is
attached.

Of 100000 900 which is Immediately
available and an emergency clause Is
attached.
senate Bill No. 10.
This bill is designated in the COM
plant as The Home Building Act M
establishes a system of home butldin
carried on by the Industrial commits
sion. 1t contains the same provision
with respect to the fixing Of salaries
and the employing and dischargtng
Of and other officers n q
we find in the other bills referred to.
and in effect makes OF h commits
sion a huge real estate and money
loaning institution.
The act carries with 1t an appro-
prfation of 100000 which Is imme,
diately available. but as the bill did
not carry the necessary t%wo-thirds 1t
does not become effective until July
l, 1919.
BY the acts above referred to there
Is appropriated out Of the general
funds of the state. being property
raised by taxation the sum Of $54S,-.
743.54, which with the exception OF
$1,000 0 is Immediately available to
be used by the Industrial commission
To-. the purpose of putting into opera
IlOu lIc uIllet CuL
referred to. The other 100000 will
be available on July ].
In addition to the appropriations
thus made Immediately available.
these bills provide for,the issuance of
seventeen millions of dollars OF state
bonds. with interest that may run to
8 per cent making an annual Interest
charge against the state Of n mil
lion and twenty thousand dollars.
~ - A. <A@ r,,snpAfno s>ooh
appropriated. and the bonds issued,
these bills create the great liability
that is involved in the transfer of the
deposit account Of the Bank of North
Dakota to the different business in
dustries and projects that can be car
ried on under the provision Of these
bills. which deposit accounts being
guaranteed by the state. might easily
create a liability Of a hundred million
dollars for funds thus dissipated.
Permanent School Fund.
Among the funds jcopardized by
the operation Of these public utilities,
II permitted to carry on. the com
plant says, is the permanent school
fund. which according to the COM
plant filed consists Of s919.730.16 in
cash. s10.276.a64.H in municipal
bonds. $5,66l.253.6l in loans secured
by farm mortgages on property with
in the state Of North Dakota, and in
addition thereto, a large acreage Of
lands unsold and deferred payments
on lands sold, SO as to make the total
sum far in excess Of $4,000, 900. and
under the provisions Of the bills re-
ferred to, the millions now on hand.
as we'll rs the millions TO be derived
from the sale Of the lands and the de-
ferrcd payments on the contracts,
must be deposited in the Bank Of
North Dakota and all of the money
deposited in the Sank Of North Da-
kota may be used for the purchase
either of the bonds Of the state or it
may be transferred to the mills and
elevators either within or without the
state or in foreign countries. or in a
1ne OF stores or 4 ether business
that the commission may see Il, to
enter upon. Thus almost untold mil
lions are liable 20 be StSsipatsd and
the people of the state must make il
up by money raised by saxseien.
Create GreH, Liability.
1T Is alleged IT the complaint that
the bonds referred 70. namely the
seventeen millions ot derlaE OF bonds
would create a liability against the
state OF North Dakoca. which could
MY be liau:dasss ov noness raised
by taxation a<aicS. tie people an6
property of the STATE q North Dakota.
and that the Eocsv -l;Se6 by the
sale of such tce5S WI De used rc.
for any governmental turctrcn or for
any purpose within ia police power
of the state. BUT 5c- rr-7:hre business
enterprises z vel.lac IT the tights
OF the plainS@ ac6 II other axra--
ers in the STATE o. Mort, Dakota and
IN violation q -Le so1StinsnCaI prn-
ciples OF a Republican -orru Ut gov
eminent and A= cru,1uuun 1T he
United States.
Bonds 1nvaEd- Chaz-.
1t is formally ssc fore. i, tie -cu-
plant that she eoc5S irp invalid os-
cause issued :o- c-Iva.e BUSINESS and
not for a pubic e--Esse and further
that there is 70 S1-51.-ct urrv-s;ou
made for a Sl.--x tllr as required
by the consGco-oc CT he s1a-s OF
>oftn Dakota e cnnsr1IuCor re-
curing an saocz- i@TT -or TIE ou--
pose Of raising Z sz-k-1E .und 70 cav
all bonds issued " Ia s-aua =
there being 70 Sc p-a--anu i. c,7r-
nection with lis .fT=--Asa million
dollars of bonds i : ESQ u-xz4. thai
M bonds ara 7lez. acI vai6 becsuse
OF the d~elega-ie1 - sg.ssiaare ,.x.-
in that the goys-Eo- zl1 Tie Ert1.4-
tr1al commiss.o2 z1s sI-acr-zzt n
fix the interes, 81 -a- ooscs. % y
SAS NS "a S--S-.-..y. -I
MOI Governmental parcs
With respecG II 20 zc-o-cu-.sro,s
provided for II 20 e-.--- s:Hs- ~
well as the debt 20 - -a-s1 by rtz
bond issues. l. Z 81 tc--. Il TIE rnr-
plant thai, the S9,scss - tie pro
posed expenditure n .unas and
the creation Of p.51c 1e.1 os xaicn
the plaintiffs cher.-- -zrsG III co--
plain, Is not Z D1oz.c = 4 govern
| m Gnf2l NIlSYSrSk --~
business pu!pos< [C ~ .o- Tie rxr-
pose OF financial o-o1-- za1 zz.e re-
those who are .1.s-~-r II rte var
ious industries ar srt
business projects o-o1-set IN ~ m
stalled. That u s-.---ssea IL re
rest upon the Dgsfr h.1-a o- 1eysre
OF the people of -se "a CT zo7 G-n-
er governmental .szaa- Eh1s vivid
justify the p-opnse1 e1z@I-1rss *
the creation ri .ne Ses+s
or in any mzno- 11= r-ss 80
taxing or polics DoEe~ Il -ae ,rs.s
That no condition sxsx III re srs.<
OF North Daxotz Haa-s rl.g sgs-ho-.z<
or justify the :. .i> xs-4zs
Of its Legitimate .9-Stlrs n xcysra-
ment in engaging ia rs s-aSz .a<,
of private bvsan>ss r>-saszxs>a a.
aforesaid.
That the faciltie, aIr s~,r1ss ..-
Supplying the peoose II NJ .sx.e n
North Dakota WITH ..e gee>xs4H<s
and luxuries Of life ~. ez-yntenrx1
and requirements N raH4r >nmfzrr
welfare and health are z1>g.z.e
Sets Forth 6{aaI>s Heztk, 81
YA<4lah4
The bill then z<fs IN. sfse fz<1 ira
North Dakota has mr. sgssre raj1sa
OF area with a pop1k:ls ser1r1sns
to the wal censox M ssz-Szs> II nj
So counties. each M ra>N IN seTvsd