New Ulm Post. [volume] (New-Ulm, Brown County, Minn.) 1864-1933, 1922-10-06
Addressed to
MIKE HOLM
Secretary of a

ST. PAOlp MINNESOIR1
HONORABLE MIKE HOLM,
Secretary of State,
Capitol.
AS required by section 46, General Sta
.utes of the state Of Minnesota for tn
rear 1913, : 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 stat,
IF Minnesota by the legislature Of 1872
ind which are to be submitted to TIL
electors Of said state at the general cleo
lion in 1922.
PROPOSED AMENDMENT, NO. ONE
Chapter 52S, Session Laws Of Minnesot:
;nent to section 10 Of article 9 Of thu
constitution Of said state. Said section
how 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
purports to be an amendment to sec
ton ten of article nine, Of the consti-
tuition. adopted April Is, 1858, which.
is hereby expunged from the consti-
ing to the state, nevertheless, all
rights, remedies and forfeitures ac-
cruing under. said amendment"
II amended. said section will read
as follows:
1.-THE. credit of the state shall never
be given or loaned in aid of any indi-
vidual, association or corporation, ex-
cent. as hereinafter provided.Nor
bond 'd denom lg tnl MINES ass State
Railroad Bonds under what purports
to be an amendment to section 10 OF
article 8 of the constitution, adopted
April Is, 1858, which is hereto ex-
plunged from the constitution, saving,
nevertheless, all rights, remedies and
forfeitures accruing under said
amendment. Provided, however, that
for the purpose Of developing the agri-
cultural ee; OF me sfate; 'he
system Of rural credits and thereby
loan one and extend credit to the
people of the state upon real. estate
security in such manner and pom
prescribed by law, and to issue a
negotiate bonds to provide money to
be SO loaned. The limit OF Indebted
ness contained nee in section tic 10 s. Of art this ar.
Of this section, n the purposes for
which the credit Of the state or the
aforesaid municipal subdivisions
thereof may be given or loaned as
public purposes"
The PURPOSE of said amendment ls K
develop the agricultural OF tht
state BY. authorizing the lending Of money
and credit Of the state to the people upor
Tho EFFECT 81 said amendment, !
adopted, will be to authorize the enact,
menf Of laws by the legislature tor tn
tenn of rural credits. The legislature will
be empowered to provide money by thu
issuance and negotiation OF bonds OF thu
state sta = t. ~ 30 n Loaned - upon Pen s stst estate tat w :fHu :,
enabled to prescribe the terms and con
dltIons upon which such money may. b.
lent and such credit extended. There vii
be no limit OF Indebtedness In this respect
negotiate aa many bonds for this purpose
as 1t deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 529, Session Laws Of Minnesots
for the year 1921, proposes an amendment
to the constitution Of the state of Mime
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
.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 ASSOC
citation however or for Whatever pur-
pose organized, on May first OF the
calendar year next following the
. iii.iis5ls Of ore for the purpose Of de-
terrnining the amount OF tax to be
paid shall be ascertained in the man
ner and method provided by law.
provided for shall be apportioned; If
ty per CEN 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
2 necessary provisions for carrying out
the provisions, Of this section
+ The PURPOSE of said amendment u
Minnesota N to to In n pose and to keep in eftee'
an occupation tax upon those Engage u
the business Of mining or producing irol
ore or other ores In this state, In addition
to other taxes Imposed by law, at q rate
duced. to be determined by the Legislature
and to provide for the proportlonate dis
trIbutIon OF such taxes to the genera
revenue fund. the permanent school, fund
The EFFECT of the amendment, Il
adopted, will be to direct the legislature
to Impose and keep In effect such a ia,
upon those engaged in said business; anc
to require that the proceeds Of such tax.
es shah be distributed In the manner
following, to-wit: fifty per. cent to thu
state general revenue fund, forty per cent
to the permanent school fund, and ter
per cent to the permanent universit,
fund.
Yours respectfully,
mI@l VA CLIFFORD L. HILTON,
- ~ Attorney General