The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1922-10-19

HONORABLE, MIKE HOLM,
Secretary Of State,
Capitol.
AS required by section 49, General Sta.
tutes of the state of Minnesota for the
year 1913, l 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 state
Of Minnesota by the legislature Of 1922
and which are to be submitted to the
Electors ,Sas said state at the general cleo
PROPOSED AMENDMENT NO. ONE
Chapter 52S, Session Laws of Minnesota
!or the, year 1921 proposes an amend
ment to section 10 of article 9 of thu
constitution of said state. Said section
now reads as follows:
be given or loaned in aid of any in
dividual, association or corpora ton.
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 49, 1858, which
is hereby expunged FROM the consti-
rights, remedies and forfeitures ac-
cruing under said amendment.
If 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-
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 of the constitution, adopted
April Is, 1858, which is hereto ex-
excepting and reserving to the state.
nevertheless, all rights, remedies and
amendment. Provided, however, that
cultural resources 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 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 t
state by authorizing the lending Of none!
and credit Of the state to the people upoi
real estate security.
ado ns w Be ff s sad th.
ment OF laws by the legislature toy tn
establishment and maintenance Of sys
tenn OF rural credits. The legislature vii
be empowered ssS to Prox!de money by tn
state to be loaned upon real estate secur
fty to the people of the state, and will b,
enabled to prescribe the terms and con
ditlons upon which such money may b.
lent and Sfck credit oxfAnHoH Thore >xi2
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 52s, Session Laws of Minnesota
Tor the year 1921, proposes an amendment
to the constitution of the state of Mime
sofa by adding a new section to article 9
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 in this
state, shall pay to the state of Min
nesota an occupation tax on the val
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 asso-
citation 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 ascertained in the man
ner and method provided by law.
(: Funds derived from the tax herein
{ ty per cent to the state general rev.
Is enue fund, forty per cent to the per-