New Ulm Post. [volume] (New-Ulm, Brown County, Minn.) 1864-1933, 1922-10-13

secretary OF State,
Capitol.
sIR:
AS required by section 46, General Sta
-utes of the state of Minnesota for thu
rear 1913, | have the honor to furnish
Tou, herewith, a statement Of the pur'
poses and effects Of all amendments pro
posed to the constitution of the stat'
Of Minnesota by the legislature Of 1872:
and which are to be submitted to thu
Electors of said state at the general cleo
lion in 1922.
PROPOSED AMENDMENT NO. ONE
Chapter 52S, Session Laws Of Minnesota
.or the year 1921 proposes an amend.
nent to section 10 of article 9 of thu
constitution of said state. Said section
be given or loaned in aid of any in
dividual, association or corporation.
Nor shall there be any further issue
state railroad bonds,' under what
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-
tuition, saving, excepting and reserv-
ing to the state, nevertheless. all
rights, remedies and forfeitures ac-
cruing under said amendment"
If amended, said section will read
as follows:
The credit of the state shall never
be given or loaned in aid of any indf-
FlCual, ASSOCIATION OF corporation, GA.
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
article 8 of the constitution, adopted
April Is, 1858, which is hereto ex-
excepting and reserving to the state.
nevertheless, all rights, remedies and
forfeitures accruing. under said
amendment. Provided, however, that
for the purpose Of developing the agri-
cultural u 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 as may be
prescribed by law, and to issue and
negotiate bonds to provide money to
be so loaned The limit Of indebted
ness contained in section S 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 as
herein provided are declared to be
public purposes"
The PURPOSE of said amendment Is e
develop the agricultural resources OF thu
state by authorizing the lending OF money
and credit Of the state to the people upor
real estate security. +,
adopted, win be to authorize the enact,
ment of laws by the legislature for thu
establishment and maintenance Of a sys,
tenn of rural credits. The legislature WILL
ISSUANCE ns a and negotiation Of bonds o. tn,
state to be loaned upon real estate secur'
ity to the people Of the state, and will b.
enabled to prescribe the terms and con
lent and such credit extended. There will
be no limit Of Indebtedness In this respect
and the state will be enabled to Issue ant
negotiate as many bonds for this purpose
as it 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.
sofa by adding a new section to article y
to be known as section LA, to read as FOL
lows:
pany, joint stock company, corpora
ton, or association. however or for
whatever purpose organized, gag
ducing iron ore or other ores in this
state, shall pay to the state Of Min
nesota an occupation tax on the val
uAtion of all pres ~ mined n or u ri
other taxes provided by law, said tax
to be due and payable from such per-
son, co~-partnership, company, joint
CATION however or for whatever pur-
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-
termining the amount Of tax to be
paid shall be ascerta1ned In the man
ner and method provided by, law.
Funds derived from the tax herein
provided for shall be apportioned; M
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 PURPOSE Of said amendment !
to direct the leolsIature .2f the state 9
Minnesota to impose and to keep In effec
an occupation tax upon those engaged
the business Of mining or producing lro
ore or other ores In this state, In addltio
to other taxes imposed by law, at a rate
based upon the valuation OF the ore pro
duced, to be determined by the legislator
and to provide for the proport!onate dis
revenue fund, the permanent school fune
and the permanent university fund.
The EFFECT of the amendment,
adopted, will be to direct the legislatur
to impose and keep In effect such a ia
upon those engaged In said business; an
to require that the proceeds OF such tax
es shall he distributed In the manne
state general revenue fund, forty per cen
TO the permanent school fund, and te
per cent to the permanent untveTslt
fund.
Yours respectfully,
t., g.. CLIFFORD L. HILTON,
ss@lAI5ksgtl Attornsx osnsrak