The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1922-10-28
Mike HOLM
Secretary of State.

MIKE HOlMs
Secretary Of State,
SIR:
AS required by section 40. General Sta
tutes Of the state of Minnesota for the
you, herewith, a statement of the pur-
poses and effects of all amendments pro-
posed to the constitution of the state
of Minnesota by the legislature Of 1921
and which are to be submitted to the
electors of said state at the general cleo
ton in 1922.
PROPOSED AMENDMENT NO. ONE
Chapter SIS, Session Laws of Minnesota
for the year 1921 proposes an amend
ment to section 10 Of article of the
constitution of said state. Said section
1.-THE credit of the state shall never
be given or loaned in aid of any in
dividual, association or corporation.
Nor shall there be. any further issue
state railroad bonds under what
purports to be an amendment to Sec
ton ten of article nine, of the consti-
tuition, adopted April IS, 1858, which
tuition, saving, excepting and reserv-
ing to the state, nevertheless, all
rights, remedies and forfeitures ac-
cruing under said amendment"
II amended, said section will. read
as follows:
J. THE credit of the state shall never
be given or loaned in aid of any indi-
vidual, association or corporation, ex-
espt as tsol hereinafter Ell provided d.. Nor
bonds denominated Minnesota State
Railroad Bonds under what purports
to be an amendment to section 10 OF
article of the constitution, adopted
April Is, 1858, which is hereto ex-
plunged from the constitution, saving,
excepting and reserving to the state,
a rights TanHdie2
forfeitures accruing under said
amendment. Provided, however, that
for the purpose of developing the agri-
cultural resources of the state. tho
system of rural credits and thereby
loan money and extend credit to the
people of the state upon real estate
security in such manner and upon
such terms and conditions as may be
prescribed by law, and to issue ana
negotiate bonds to provide money to
be so loaned. The limit Of indebted
ness contained in section 5 of this ar
ticle shall not apply to the provisions
Of this section, and the purposes for
which the credit of the state or the
aforesaid municipal subdivisions
thereof may be given or loaned as
herein provided are declared to be
public purposes"
The PURPOSE of said amendment Is to
develop the agricultural resources or the
state by authorizing the lending Of money
The EFFECT Of said amendment, II
adopted, will be to authorize the enact
ment Of laws by the legislature for the
establishment and maintenance Of sys-
tenn Of rural credits. The legislature Will
be empowered to provide money by the
Issuance and negotiation of bonds OF the
state to be loaned upon real estate secur-
ity to the people Of the state, and will be
enabled to prescribe the terms and con-
ditiona upon which such money may be
lent and such credit extended. There will
be no limit of Indebtedness In this respect.
and the state will be enabled to Issue and
negotiate as many bonds for this purpose
as 1t deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 500, Session Laws Of Minnesota
for the year 1921, proposes an amendment
to the constitution of the state of Mime
to be known as section LA, to read as fol-
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-
ducing iron ore or other ores in this
state, shall pay to the state of Min
nesota an occupation tax on the val-
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-
eOH, lCOHlpduyp JOIHI
stock company, corporation or asso-
citation however or for whatever pur-
pose organized, on May first Of the
calendar year next following the
mining or producing thereof. The val
uation of ore for the purpose Of de-
ternining 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; ff-
ty per cent to the state general rev.
enue fund, forty per cent to the per-
nanent school fund 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"
to direct the legislature of the state OF
Minnesota to impose and TO keep In effect
an occupation tax upon those engaged In
the business of mining or producing lror
ore or other ores In this state, In addition
to other taxes imposed by law, at rate
duced, to be determined by the legislature
and 10 provide for the proportionate dis
tributfon OF such taxes TO the general
revenue fund, the permanent school fund
and the permanent university fund.
The EFFECT of the amendment, II
TO impose and keep In effect such a tar
upon those engaged In said business; and
TO require that the proceeds of such tax
es shall be distributed In the manner
following, to-Wit: fifty per cent TO the
state general revenue fund, forty per cent
to the permanent school fund, and ter
per cent TO the permanent university
fund.
Yours respectfully,
CLIFFORD l.. HILTON,
O Attorney General.