The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1922-10-26

MIKE HOLM, '
Secretary OF State,
SIR:
As required by section 4e. General Sta.
year 1913. I have the honor to furnish
you, herewith, a statement Of the pur.
poses and effects of all amendments pro.
posed to the constitution Of the statl
Of Minnesota by the legislature Of 1872:
electors Of said state at the general cleo
PROPOSED AMENDMENT NO. ONE
Chapter 52s. Session Laws Of Minnesot:
for the year 1921 proposes an amend
ment to section 70 Of article 9 Of tn.
The credit Of the state shall never
be given or loaned in aid of any in
dividual, association or corporation.
Of Bonds ' deno m M;nne saaae
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.
em %aaSs SAID aaid secfion Rad
as follows:
1.-THE credit of the state shall never
be given or loaned in aid Of any indi-
vidual. association or CORPORATION. ex-
bonds denominated .Minnesota State
Railroad Bonds under what purports
to be an amendment to section 10 Of
article 1tt;1 Of st The constitution: adopted
plunged from the constitution, saving,
excepting and reservinE 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
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
5s be st esn sSnd THO to RToH t of naxd to
ness contained in section of this ar
ticle shall not apply to the provisions
Of Oft this 81. section, and the purposes for
sforesaid i'd municipal he 1 saSdiT as ns
thereof may, be given or loaned as
herein provided are declared to be
public purposes.
develop the agricultural resources Of tn,
state by authorizing the lending Of none,
and credit Of the state to the people upoi
real estate security.
adopted, VIII b 70 sus auth s" the enact
ment Of laws by the legislature Tor tn,
establishment and maintenance Of q sys
tenn OF rural credits. Tho legislature will
and Of SonS, e y IL,
state to be loaned upon real estate seeur.
Ity to the people Of the state, and will b
enabled to prescribe the terms and con
lent and such credit extended. There vii
DO no limit Of indebtedness In this respect
and tho state will be enabled to Issue anc
negotiate az many bonds for this purpose
as 1t deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter So, Session Laws Of Minnesota
to the constitution Of the state Of Mime
sofa by adding new section to article 9
to be known as section LA, to read as fol-
lows. .:z,,o,,,, ,,.
pany, joint stock company. corpora
ton, or association, however or for
whatever purpose organized, engaged
IN the business of mining or pro-
state, shall pay to the state of Min
nesota an occupation tax on-tle val
uation OF all ores mined or produced,
which tax shall be in addition to ali
to be due and payable from such per-
son. co-partnership, company, Joint
citation however or for whatever pur-
pose organized, on May first of the
calendar year next following tho
mining or producing thereof. The val
uation Of ore for the purpose Of de-
termfning 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: flf-
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 10
Minnesota to impose and to keep In effect
an occupation tax upon those engaged In
the business Of mining or producing iron
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.
trlbution Of such taxes to the general
fund, the permanent school fund,
and the permanent university fund.
Tho Effect of the amendment, 10
adopted, will be to direct the legislature
TO Impose and keep In effect such tax
upon those engaged In said business; and
TO require that the proceeds Of such tax.
e. shall be distributed In the manner
state general revenue fund, forty per cent
TO the permanent school fund, and ton
per cent to the permanent university
fund.
Yours respectfully,
CLIFFORD L. HILTON,