Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-10-12

SIR:
AS required by section 46, General Sta
tutes of the state of Minnesota for the
year 1913, I have the hon to furnish
you, herewith, a statement Of the pur-
poses and effects of all amendments pro-
posed to the constitution of the stats
Of Minnesota by the, legislature Of 1921
of said state at the general cleo
ton in 1922.
PROPOSED AMENDMENT NO. ONE
Chapter 52S, Session Laws Of Minnesota
for the yea 1921 proposes an amend.
ment to section 10 Of article 9 Of the
1 noM reads as 81 fo oaea STATE sa'o sec''or
"The credit Of the state shall never
be given or loaned in aid of n in
dividual, association or corporation.
n Nor S shall there dcno be any tsd fur : t iss1s
state railroad bonds under what
purscrts 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 &C
cruing under said amendment"
as follows:
be given or loaned in aid of any indi-
vidual, association or corporation, ex-
C0pI DIS ucTel1ldIIeI P1OV1OCO. A&OA
shall there be any further issue Of
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-
excepting and reserving to the state,
nevertheless, all rights, remedies and
f%orfeitures aecrding under sid
e. At n 4eS "
cultural 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 Is 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 he
aforesaid municipal subdivisions
thereof here's; nnayy,d be given give ae or 1 rea d as
The PURPOSE of said amendment Is t.
the agricultural resources OF the
by authorizing the lending ct money
The EFFECT Of said amendment, I
adopted, will be to authorize the enact
ment Of laws by the legislature for tn
tenn Of rural credits. The legislature vii
be empowered to provide money by the
Issuance and negotiation of bonds OF the
state to be oaned upon real estate secur'
ity 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 vii
be no limit of indebtedness in this respect
--I AL- 49, ~ass1I 10 - IN soma SF
negotiate as many bonds for this purpose
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
by adding a new section to article y
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
ducing iron ore or other ores i'm this
state, shall pay to the state OF Min
nesota an occupation tax on the val
uation Of all ores mined or produced,
other taxes provided by law, said tax
to be due n 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-
bs;a shaii b the aa a@fane Fl in Tx ahe 1 @an ne
ner and method provided by law.
Funds derived from the tax herein Y
provided for shall be apportioned; M
ty per cent to the state general rev.
manant school fund and ten per cent