The Yale expositor., 1922-09-21
THREE AMENDMENTS

At the election to be held in
this state on Tuesday, Nov. Z,
1922, there will be submitted to
the electors three proposed
amendments to the Constitution
of the state as follows:-
A proposed amendment to the
constitution providing that Art
icle XIII be amended by adding
section to be known as section
5, to read as follows:
Sec. 5. Subject to this consti-
tuition the Legislature may author
ize municipalities, subject to
reasonable limitations. to con-
denim and to take the fee to more
land and property than is needed
in the acquiring, opening and wild
ening of parks, boulevards, pub
lie places, streets, alleys, or for
any public use, and after so much
of the land and property has been
appropriated for any such need
ed public purpose, the remainder
may be sold or leased with or
without such restrictions as may
be appropriate to the improve
ment made. Bonds may be is;
sued to supply the funds to pay
in whole or in part for the ex-
cess property so appropriated,
but such bonds shall be. a lien
only on the property so acquired
and they shall not be included in
any limitation of the bonded in
debtedness of such municipality.
This proposed amendment. if
adopted, will empower the legis-
lature to authorize municipali-
ties to acquire land and property
in excess Of that needed for parks,
boulevards, streets, ETC., and is
sue bonds for the payment of
same.
A proposed amendment of Sec
tion of Article X, to read as
follows:
Sec. g.. The legislature shall
provide by law a uniform rule of
taxation, except on property pay
ing specific taxes, and taxes shall
be levied on such property as
shall be prescribed by law. Pro-
vision may be made by law for a
tax not to exceed four per centum
upon or with respect to the net
gains, profits and incomes, from
whatever source derived, which
tax may be graduated and pro-
gressive and which may provide
for reasonable exemptions. For
the purpose of such tax, property
and persons, firms and corpora
tions, upon which such tax may
/, operate may be classified: Pro-
vided, That the legislature shall
provide by law a uniform rule of
taxation for such property as
shall be assessed by the state
board of assessors, and the rate
of taxation on sucn property shall
be the rate which the state board
of assessors shall ascertain and
determine is the average rate
levied upon other property upon
which ad valorem taxes are as
sessed for state, county, to vnship,
school and municipal purposes.
This proposed amendment, if
| adopted, will authorize the enact
ment of an income tax law pro-
viding for q FAX of not to exceed
four per centum up vi net gains,
Iprofits and incomes. and provid-
ing for the classification Of prep.
erty and persons upon which
such tax may operate
A proposed amendment to Ar
ticle VIII, by adding section 30
to read as follows:
Sec. 80. The legislature may
provide for the Incorporation OF
ports and port districts, and con.
fer power and authority upon
them to engage in work of inter.
nal improvements in connection
Herewith.
This proposed amendment, il
adopted, will authorize the leg
islature to provide for the incor
poration of ports and port dis
tricts with power to engage il