The Appeal. [volume] (Saint Paul, Minn. ;) 1889-19??, 1922-10-21

HONORABLE r.! NIKE HOLM,
Capitol.
AS required by section 46, General Sta
tutes OF the state Of Minnesota for tn
year 1913, I have the honor to furnis
you, herewith nns IT, statement Of the pur
posed. to the constitution of the stat
of Minnesota by the legislature of 1872
and which are to be submitted to tn
fiee n i 81 said state at the cleo
PROPOSED AMENDMENT NO. ON
Chapter 52s, Session Laws Of Minnesot
for the year 1921 proposes an amend
constitution of said state. Said sectio
now reads as follows:
be given or loaned in aid of any in
dividual association or corporation
NJ Nor shall 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. is, 1885,. which
tuition, saving, excepting and reserv-
Ing to the state, nevertheless. all
rights, remedies and forfeitures &C
cruing under said amendment"
as follows:
"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 9 Of the constitution, adopted
April Is, 1853, which is hereto ex-
excepting and reserving to the state.
nevertheless, all rights, remedies and
1orfeltures accru:ng under said
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
security in such manner and upon
such terms and conditions as may be
prescribed by law, and to issue and
hRe ne 6sn bonds ITO to RroXide money to
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 10 I
state by uthor'zine the lending Of none
real estate security.
.d tn: EF rs; = q q SAID amendment am,
ment Of laws by the legislature for tn
establishment and maintenance Of a sys
tenn OF rural credits. The legislature wi
pc empowered to provide money by tn
state to be loaned upon real estate secur
Ity to the people Of the state, and will
enabled to prescribe the terms and con
sns. ne upon r. which such money may b
be no limit Of Indebtedness In this respec,
and the state will be enabled to Issue an
negotiate as many bonds for this purpos
as It deems advisable.
PROPOSED AMENDMENT NO, TWt
Chapter 52s, Session Laws Of Minnesot
to the constitution of the state of Mime
sofa by adding new section to article
to be known as section LA, to read as fol
Every person, co-partnership. COM
pany, joint stock company, corpora
ton, or association, however or for
WnateVer purpose organized, engaged
IN the business Of mining or pro-
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.. 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
provided for shall be apportioned; If
ty per cent to the state general rev
no RI ho