Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1922-10-18

SIR:
AS required by section IS. General Sta.
Iutes OF the state of Minnesota for thu
year 1913. I have the honor to furnish
you. herewith. q statement Of the pun.
poses and EFFECTS OF all amendments pro
81 Minnesota by the legislature of 1872
and which are to be submitted to tn,
ton in 1922. go
PROPOSED AMENDMENT NO. ONE
Chapter 5aS. Session Laws of Minnesota
for the year 1921 proposes an amend
Of said state. Said section
now reads as follows: a#zsS
THE credit of the state shall never
be given or loaned in aid of any in
dividual association or corporation.
Of bonds denominated Minnesota
state railroad bonds under what
purports to be an amendment to sec
ton ten Of article pine, Of the constd-
Is hereby expungsd from the consti-
tuition, saving, excepting and reserv-
Ing to the state, nevertheless, all
rights. remedies and forfeitures ac-
cruing under said amendment"
II amended. said section win read
al follows:
''The credit Of the state shall never
DE given or loaned In aid Of any indi-
.SAOU<A4s &SSOCl&tlOu OE COIQOEdtlOn, cA.
cept as hereinafter provided. Nor
shall there be any further issue Of
1 bonds denominate1 Minnesota State
Railroad Bonds under what purports
TO be an amendment to section 10 Of
article 9 Of the constitution. adopted
plunged from the constitution, saving,
excepting and reservinS to the state,
nevertheless. all rights. remedies and
forfeitures accrring. under said
for the purpose Of developing the agri-
cultural resources of the state. the
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
3 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
: aforesaid municipal subdivisions
herein provided are declared to Sc
The PURPOSE Of said amendment Is I
develop the agricultural resources OF Il
and credit Of the state to the people upo
real estate security. -. =
The EFFECT Of said amendment,
adopted, will be TO authorize the enact
establishment and maintenance Of sy:
tenn Of rurai credits. The legislature wi
be empowered to provide money by I'll
issuance and negotiation Of bonds Of I'll
state to be loaned upon real estate secus
lty g the people Of the state, and will
enabled to prescribe the terms and cor
ditions upon which such money may |
lent and such credit extended. There wi
be no limit Of Indebtedness in this respec
snd Tie state win &c enabled to Issue. az
as It deems advjsable. s.
PROPOSED AMENDMENT NO. .TW
Chapter 500. Session Laws Of Minnesot
for the year 1921. proposes an amendmel
to the constitution of the state Of Mime
sofa by adding new section to article
TO be known as section La, to read as TO
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 OF 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
to be due and payable from such per-
son. co-partnersh.p, company. joint
stock company. corporation or 'asso-
citation however or for whatever puT-s
cal b year next following the The
mining or producing thereof. The val
uation Of ore for the purpose OF de-
ternining the amount Of tax to be
ner and Tletsod provided by law.
Fun:;s derived from the tax herein
prov dad fof shall be experienced: fl
{, .sr cent to the state general ,reT-