Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1922-10-20

"NE nUEEU
Secretary of State.
ST. PAUL, MINNESOTA.
OFFICE OF ATTORNEY NC sE y "a
HONORABLE MIKE HOLM,
secretary Of State -
SIR:
AS required by section 46, General Sta
tutes of the state of Minnesota for the
year 1913, | have the honor to furnish
you, herewith, a statement of the pur-
posed to the constitution of the state
of Minnesota sby the legislature of 1891
and which are to be submitted to the
electors Of said state at the general elec-
PROPOSED AMENDMENT NO. ONE
Chapter 52S. 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
now reads as follows:
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
of bonds denominated Minnesota
state railroad bonds under what
purports to be an amendment to sec
ton ten of article nine, of the consti-
is hereby expunged from the coasti-
tuition, saving, excepting and reserv-
ing to the state. nevertheless, all
rights, remedies and forfeitures &C
cruing under said amendment"
If amended, said section will read
., "The credit of the state shall never
be given or loaned in aid of any indi-
vidual, association or corporation, ex-
cept as hereinafter provided. Nor
shall there be any further issue Of
bonds ydenoninatad NinnAsota StotA
Railroad Bonds under what purports
CnNfinT1
article 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
amendment. Provided, however, that
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 manner and upon
such terms and conditions as may be
prescribed by law. and to issue and
nnegotiate bonds to provide. money to
ness contained in section of this ar
ticle shall not apply to the provisions
OF this section, and the purposes for
aforesaid municipal ' S s1bdivision s
thereof may, be given or loaned as
herein provided are declared to be
PUBIC purposes
The PURPOSE of said amendment Is 70
develop the agricultural resources of the
state by authorizing the lending Of money
and credit of the state to the people upon
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 a sys-
be empowered to provide money by the
issuance and negotiation Of bonds of the
state TO be loaned upon real estate secur-
lty to the people of the state, and will be
enabled to prescribe the terms and con-
dItionS upon which such money may be
lent and such credit extended. There win
De no limit OF Indebtedness In this respect,
and the state will be enabled to issue and
negotiate as many bonds for this purpose
as It deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter SIS, Session Laws of Minnesota
for the year 1921, proposes an amendment
sofa by adding new section to article 8,
20 be known as section La, to read as fol-
lows: -. 49, -.
pany, joint stock company, corpora
ton, or association, however or for
whatever purpose organized, engaged
in the business of mining or pro-
staten shs pas to tSe sts oteS Of Min
nesota an occupation tax on the val
uation OF all ores mined or produced,
which tax shall be In addition to all
ether taxes provided by law, said tax
to be due and payable from such per-
son, partnership, company, Joint
stock company, corporation or assoc
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-
termining the amount of tax to be
paid shall be ascertained in the mani.
ner and method provided by law.
Funds derived from the tax herein
provided for shall be apportioned; NJ
ty per cent to the state general rev.
enue FUND, forty per cent to the per-
to the permanent university fund. The
Legislature shall by law make the
necessary provisions for carrying out
the provisions of this section"
The PURPOSE Of said amendment In
e direct the legislature Of the state %
Minnesota to impose and 20 keep In erect
an occupation tax upon those engaged In
the business Of mining or producing iron
orc or other ores In this state, In addition
70 other taxes imposed by law at q rate,
based upon The valuation Of the orc pro.
duceds to be determined by the legislature
and 90 provide for the proportIonate die.
trlbuflon OF such taxes TO the general
revenue fund, the permanent school fund,
and the permanent university fund.
The EFFECT Of the amendment, lf
adopted, will be to direct the legislature
upon those engaged IN said business; ana
10 require that the proceeda OF such tax
80 shall be distributed IN the manner
following, to-wit: fifty per cent TO the
state general revenue fund, forty per cent
70 the permanent school fund, and ten
per cent to the permanent university
fund.
Yours reese ~ ~.
CHI n TON,
=. acraL