New Ulm Post. [volume] (New-Ulm, Brown County, Minn.) 1864-1933, 1922-10-20

Capitol.
As required by section 4e, General Sta:
year 1913, | nav the honor to furnish
you, herewith, a statement of the pur-
poses and effects of all amendments pro
Of Minnesota by the legislature, Of 1921
and which are to be submitted to the
electors of said state at the general elec-
Ion il 1922.
PROPOSED AMENDMENT NO. ONE
Chapter 52s, Session Laws Of Minnesota
constitution of said state. Said section
how reads as follows:
THE credit of the state shall never
be given or loaned in aid of n in
dividual.. association or corporation.
Nor shall there be any further issue
of bonds denominated Minnesota
purports to be an amendment to sec
ton ten of article nine, of the consti-
tuition, adopted April Is, 1858, which
is hereby xpunged from the consti-
ing to the state, nevertheless. all
rights. remedies and forfeitures ac-
cruing under said amendment"
1.-The credit of the state shall never
be given or loaned in aid Of any indi-
vidual, association or corporation, <
Stpl d. W.
shall there be any further issue OF
bonds denominated Minnesota State
Railroad Bonds under what purports
to be an amendment to section 10 Of
article 9 Of the constitution. adopted
April IS, 1858. which is hereto ex-
plunged from the constitution, saving,
excepting and reserving to the state;
nevertheless, all rights, remedies and
forfeitures accruing, under said
for the purpose of developing the agri-
cultural resources of the state, the
state may establish and maintain a
system of rural credits and thereby
loan money and extend credit to the
people of the state upon real estate
security in such ann n upon
such terms and conditions as may be
prescribed by, law, and to issue and
be so loaned. The limit Of indebted
ness contained in section 5 Of this ar
ticle shall not apply to the provisions
Of this +S sect apsdif an nf the tine P Ptats or t tHe
aforesaid municipal subdivisions
herein provided are declared to be
The PURPOSE of said amendment Is e
develop the agricultural resources OF thu
state by authorizing the lending OF money
and credit of the state to the people upon
The EFFECT Of said amendment, I
adopted, will be to authorize the enact
men& Of laws by the legislature TOR the
tenn Of rural credits. The legislature vii
be empowered to provide money by thu
issuance and negotiation OF bonds OF IN
state to be loaned upon rea! estate seSur.
Ity to the people Of the state, and Will b
enabled to prescribe the terms and con
ditlona upon which such money may o.
lent and such credit extended. There VII
and the state will be enabled to Issue ane
negotiate as many bonds for this purpose
as it deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 500, Session Laws Of Minnesota
for the year 1921, proposes an amendment
sofa by adding a new section to article 9
to be known as section LA, to read as 1ol'
lows:
Every person.. co-partnership, COM
pany, joint stock company, corpora
ton, or association, however or for
whatever purpose organized, engaged
in the business of mining or pro-
staten, sh frGh p oly to to f the sta ates Of n MIN In.
nesota an occupation tax on the vail
uation Of all ores mined or produced,
which tax shall be in addition to all
other taxes provided by law. said tax
to be due and payable from such per-
son, co-partnership, company, joint
d stock company, corporation or asso-
citation however or for whatever pur-
pose organized, on May first Of the
mining or producing thereof. TIL val
uation of ore for the purpose Of de-
termining the amount of tax to be
paid shall be ascertained in the man
ner and method provided by law.
Funds derived from the tax herein
provided for shall be apportioned; If
ty per cent to the state general rev..
enue fund, forty per cent to the per-
manent school u and ten per cent
to the permanent university fund. The
legislature shall by law make the
necessary provisions for carrying out
the provisions of this section avy
The PURPOSE of said amendment 4
to direct the legislature Of the state o
Minnesota to impose and to keep In enec
an occupation tax upon those engaged !
the business of mining or producing iro
ore or other ores In this state, In .addttlol
to other taxes imposed by law, at a rate
based upon the valuation OF the ore pro
duced, to be determined by the legislator
and to provide for the proportIonate dis
tribution Of such taxes. to the genera
revenue fund, the permanent schoo! rune
and the permanent university fund.
The EFFECT Of the amendment,
adopted, will be to direct the leolslatur
to impose and keep in effect such a "a
upon those engaged in said business; an,
to require that the proceeds OF such tax
es shall be distributed In the name
following, to-wIt: fifty per cent to tn
state general revenue fund, forty per cen
TO the permanent school fund, and te
per cent to the permanent unlverslt
fund.
Yours respectfully,
a CLIFFORD l., HILTON,
s~lEE5Ea- Attorney aensrsL