The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1922-10-12

poses anu eHects OF all amendments pro
posed to the constitution of the stat
of Minnesota by the legislature Of 1872
Ind which are to be submitted to tn
Electors Of said state at the general cleo
ton in 1922.
PROPOSED AMENDMENT NO. ONE
Chapter 52S, Session Laws Of Minnesot;
:or the year 1921 proposes an amend
of said state. Said section
now reads as follows:
The credit of the state shall never
pc given or loaned in aid of any in
Nor shall there be any further issue
OF bonds denominated Minnesota
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 &C
cru1ng under said amendment"
II 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. associa ton or corpora: zion, 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 8 of the constitution, adopted
April Is, 1858, which is hereto ex-
plunged from the constitution, saving,
nevertheless, all rights, remedies and
forfeitures accruing under said
amendment. Provided, however, that
for the purpose of developing the agri-
cultural resources of the state, tho
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
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
which the credit of the state or the
aforesaid municipal subdivisions
thereof may be given or loaned as
herein provided. are declared to be
R The PU pHyosSz' Of said amendment !. t.
1eveiop the agricultural resources Of the
'tate by authorizing the lending Of money
md credit OF the state to the people upor
cal estate security.
adopted, will be to AUTHORITY the enact.
ment OF laws by the legislature for the
establishment and maintenance Of a sys.
tenn OF rural credits. The legislature viii
issuance and negotiation Of bonds Of the
state to be loaned upon real estate secur.
|ty to the people of the state, and will be
enabled to prescribe the terms and con
ait!ons upon which such money may b
'ent and such credit extended. There viii
DO no limit Of Indebtedness In this respect
and the state will be enabled to Issue and
negotiate as many bonds for this purpose
as It deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 52s, Session Laws Of Minnesota
Lor tne year 1921, proposes an amendmen,
sofa by adding new section to article 8
TO be known as section LA, to read as fol-
lows;
naI Every person, partnership, COM
ton. or association, however or for
whatever purpose organized, engaged
In the business of mining or pro-
ducng iron ore or other ores in this
state, snan pay to the state of Min
nesota an occupation tax on the val
uatlon OF all ores mined or produced,
which tax shall be in addition to ali
other taxes provided by law, said tax
70 De que and payable from such per-
son. co-partnership, company, joint
stock company. corporation or asso-
ciatlon however or for whatever pur-
pose organized, on May first of the
c ,;sisins :. year next following the
uation Of ore for the purpose of de-
term1ning the amount of tax to be
paid shall be ascertained in the man
R T,nd ana i,an method provided by law.
provided for shall be apportioned; IT.
: ~ per cent to the state general rev.
enue fund, forty per cent to the per-
manentz school fund and ten per cent
5 20 me per permanent university fund. The
necessary provisions for carrying, out
the provisions of this sections"