The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1922-10-13
Addressed to
MIKE HOLM
Secretary Of State.

ST. PAUL, MINNESOTA.
OFFICE OF ATTORNEY aE x IA.
HONORABLE MIKE HOLM, " 100
Secretary OF state,
SIR:
As required by section Is. General sta.
tutes of the state of Minnesota for thu
year 1913, ! have the honor to furnish
you, herewith. statement Of the pur.
poses and effects of all AMENDMENTS pro.
Of Minnesota by the legislature Of 1872
and which are to be submitted to tht
electors Of said state at the general cleo
tion in 1922.
PROPOSED AMENDMENT NO. ONE
Chapter SIS, Session Laws Of Minnesots
Tor the year 1871 proposes an amend.
constitution of said state. Said sectior
now reads as follows:
The credit of the state shall never
be given or loaned In aid OF any in.
Nor shall there be any further issue
of bonds denominated Minnesota
state railroad bonds under what
purports to be an amendment to Sec
tnton ten % spr o. ss es
Ii hereby expunged-from the consti-
tuition. saving, excepting and reserv-
Ing to the state, nevertheless, all
rights. remedies and forfeitures ac-
II amended, said section will read
~ follows:
"The credit of the state shall never
be given or leaned in aid of any indi-
cept as hereinafter provided. Nor
bonds denominatsd Minnesota stats
Railroad Bends under what purports
to be an amendment to section 10 Of
article Q Of the constitution. adopted
April Is, 1858, which is hereto ex-
ssesps a gram and ' rsssrvins to Il. state.
nevertheless. all rights. remedies and
amendment. Provided, however. that
tor , the purpose Of deyele eg the ag, 81.
state may establish and maintain q
system of rural credits and thereby
} loan money and extend credit to the
people Of the state upon real estate
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
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
herein PROVIDED prov S are declared to Be-
public purposes"
The PURPOSE Of said amendment 10 to
develop the agricultural resources OF the
and credit Of the state to the people upsf,
'1 The s' EHF sss1F y said amendment, II
adopted, will be to authorize the enact
sstasIishment 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
sssts 70 be Leaned 9Psn real estate :ssu <:
enabled to prescribe the terms and con.
dltions upon which such money may b.
lent and such credit extended. There Will
and the state viii be enabled to Issue and
negotiate as many bonds for this purpose
~ II deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 52s, Session Laws Of Minnesota
Tor the year 1921, proposes an amendment
to the constitution Of the state Of Minne-
sofa by adding q new section to article 3.
lows:
EVERY person, o-partnership, COM
pany, joint stock company, corpora
tion. or association. however or for
whatever purpose organized, engaged
In the business Of mining q pro-
ducing iron ore or other ores In this
state. shall pay to the state Of MINI
nesota an occupation tax on the val-
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
citation however or for whatever pur-
pose organized, on May fret Of the
calendar year next following the
mining or producing thereof. The val
termining the amount of tax to be
paid shall be jascertained in the man
ner and method provided by law.
Funds derived from the tax herein
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 10
10 direct the legislature OF the state OF
Minnesota to Impose and to keep In erect
IN occupation tax upon those engaged In
he business Of mining Or producing Iron
IRE or other ores In this state, In addition
% other taxes imposed BY law, AZ q rate,
,ased upon the valuation Of the ere pro-
iuced, to be determined by the legislature
md to provide for the pFoportlonate die,
.rlbutlon Of such taxes to the general
revenue fund. the permanent scheol fund.
md the permanent university fund.-.
win be to direct the iegisiaiurs
o impose and keep In effect such tag
Upon those engaged In said buslnessi and
% require that the proceeds Of such tax.
= shall hs Sssr'SSs tS n r.. manner e .s
tate general revenue fund, fsrty per cent
o the permanent school fund, and ten
ser cent to the permanent university
und.
CLIFFORD 1. HILTON,
sssNY1&Rs. Aftornav Csener.f