The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1922-10-11

you, herewith, sta tement of the pur
poses and effects of all amendments pro
of Minnesota by the legislature Of 1872
and which are to be submitted to tn,
electors Of said state at the general cleo
ton in 1922.
PROPOSED AMENDMENT NO. ONE
Chapter 52S. Session Laws Of Minnesots
Tor the year 1921 proposes an amend
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.
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 consti-
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
as follows:
1.-THE credit Of the state shall never
be given or loaned in aid Of any indi-
cept as hereinafter provided. Nor
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
amendment. Provided, however that
for the purpose of developing the agri-
state may establish and maintain
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
negotiate bonds to provide money to
be so loaned. The limit of indebted
ness contained in section 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 ls &c
develop the agricultural resources OF the
state by authorizing the lending Of money
and credit Of the state to the people upon
real estate security.
The EFFECT Of said amendment, Il
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 viii
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
ditionS 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
as 1t deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 529, Session Laws of Minnesota
for the year 1921, proposes an amendment
to the constitution of the state of Mime
sofa by adding a new section to article g.
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-
son, co-partnership, company, joint
stock company, corporation or asso-
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 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 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"
The PURPOSE of said amendment Il
to direct the Ieqslat ure of the state o.
Minnesota to impose ard to keep In effee'
an occupation tax upon those engaged ir
the business of mining or producing lroF
ore or other ores in this state, In addition
to other taxes imposed by law, at rate
based upon the valuation of the ore pro-
duced, to be determined by the legislature
and to provide for the proportionate dis
tribution Of such taxes to the genera
revenue fund, the permanent school fund
and the permanent university fund.
The EFFECT Of the amendment, j
adopted, will be to direct the Legislature
to impose and keep in effect such ia,
upon those engaged In said business; ant
20 require that the proceeds OF such tax
es shall be distributed In the manner
following, to-Wit: fifty per cent to tn
state general revenue fund, forty per CEN
to the permanent school fund, and ter
per cent to the permanent university
fund.
Yours respectfully,
CLIFFORD L. HILTON,
A<tornev GaneraL