Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1922-10-05

SIR:
AS required by section 40. 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 1921
and which are to be submitted to the
electors Of said state at the general cleo
ton in 1922.
PROPOSED AMENDMENT NO. ONE
Chapter 52s. Session Laws Of Minnesota
for the year 1921 proposes an amend
ment to section 10 of article 8 of the
constitution of said state. Said section
now 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 dcnominated Minnesota
state railroad bonds under what
purports to be an amendment to Sec
tion ten of article nine. of the consti-
tuition. adopted April Is, 1883, 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
II amended said section will read
as follows:
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
s n there be faTsnss Issue s,.ss
Railroad Bonds under what purports
to be an appointment 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 accruing under said
amendment. Provided, however. that
for the purpose OF developing the agri-
cultural resources of tho 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
Of this section and the purposes for
which the credit Of the state or the
aforesaid municipal subdivisions
thereof may be given or loaned as
herein provided are declared to be
The PURPOSE OF said amendment 10 4
develop the Agricultural resources Of Tho
and credit Of the state to the people upor
tn. EFFEcT q said amendment. y
adopted, will be to authorize the enact.
establishment and maintenance Of : sys.
tenn o. rura, credits. The legislature will
BE- empowered TO provide money by the
Issuance and negotiation Of bonds Of the
ny to the people Of the state, and viii be
enabled TO prescribe the terms and con
dltons upon which such money may be
lent and euch credit extended. There will
be no limit OF indebtedness In thls respect,
and the state will be enabled TO Issue and
negotiate ~ many bonds Tor this purpose
~ u deems Advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 52s. Session Laws OF Minnesota
for the year 1881. proposes an amendment
TO the constitution OF. the state Of Mime
sofa by adding n new section to article 3,
TO be known A. section Ia. to read A. fol-
Every person. partnership, COM
pany. Joint stock company. corpora
ton. or association. however or for
whatever purpose organised. engaged
In the business OF mining or pro-
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-partnership, company. Joint
stock company. corporation or assoc
pose organised. on May irst Of the
calendar year next following the
mining or producing thereof. The val
uation OF ore for the purpose OF de-
paid shall be ascertained In the man
ner and method provided by law.
Funds derived from the tax herein
provided for shall be apportioned: NJ
enus fund, forty per cent to the per-
manent school fund and ten per cent
to the permanent university fund. The
lexislature shall by law make the