The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1922-10-28


PROPOSED AMENDMENT NO. ONE
for the year 1921 proposes an amend.
ment to section 10 Of article 9 OF thu
Of said state. Said section
now reads as follows:
1.-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 denolninated Minnesota
state railroad bonds under , what That
ton ten Of article nine, OF the consti-
tuition, adopted April Is, 1858. which
is hereby expunged from the consti-
tuition. saving. excepting and reserv,
rights. remedies and forfeitures &C.
cruing under said amendment"
II amended. said section will read
., 1.-THE Credit Of the state shall never
be given or loaned in aid OF any indi-
vidual. association or corporation. ex-
cept as hereinafter provided. Nor
shall there be any further issue OF
bonds denominated Minnesota State
Railroad Bonds under what purports
to be an amendment to section 10 OF
April Is. 1858, which is hereto ex-
plunged from the constitution. saving.
excepting and reserving to the state.
nevertheless, all rights, remedies and
forfeitures aecr ',5aga h under t ;Sid
for the purpose Of developing the agri-
cultural resources OF the state, tho
state may establish and maintain a
system of rural credits and thereby
loan, money and extend credit to tho
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
pps he Ssn bonds The te @ o
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
thereof may be given or loaned IS
herein provided, are declared to be
The PURPOSE Of said amendment 10 e
ssste BY aUthor1ino the lending o. money
and credit Of the state to the people upon
n: EFEEeT e :a, SAID .m:n q" r., =. :!
me"t Of law. BY the Legislature for tn.
establishment and maintenance Of sys.
tenn Of rurai credits. The legislature will
be empowered to provide money by the
state TO be loaned upon rea! estate seeur.
lty to the people Of The state, and will b
enabled to prescribe the terms and con-
dltionS upon which such money may bo
snG ipe e. @
and the state will be enabled to Issue and
negotiate as many bonds for this purpose
as II deems advisable. -
PROPOSED AMENDMENT NO. TWO
Chapter 52S, Session Laws Of Minnesota
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
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-
stock company. corporation or assoc
citation however or for whatever pur-
pose organized, on May first OF tho
calendar year next following tho
uation OF ore for the purpose Of de-
termining the amount OF tax to bs
paid shall be ascertained in the man.
ner and method provided by law.
provided for shall be apportioned; If
ty per cent to the state general rev
enue fund, forty per cent to the per-
mancnt school fund and ten per cent
to the permanent university fund. The
legislature shall by law make tho
necessary provisions for carrying out
the provisions Of this section"
Tho PURPOSE Of said amendment Is
to direct the legislature Of the state OF
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 a rate,
based upon tho 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 general
revenue fund, the permanent school fund,
and the permanent university fund.
Tho EFFECT Of the amendment, II
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
es shall be distributed In the manner
following, to-wit: fifty per cent to the
state general revenue fund, forty per cent
to the permanent school fund, and ten
per cent to the permanent university
fund.
Yours respectfully,
-. CLIFFORD L. HILTON,
rs EsA;, Attorney General. ;,
f. -. 2. e. :. ,.-s.-,4u.. fss ..sz#F a..