Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1922-10-20

Addressed to
MIKE: HOLM :.
Secretary of State.
OFFICE OF ATToRNEX II sE i 55$5
HONORABLE MIKE HOLM, ~ ~
SIR:
AS required by section Is, General Sta
81 the sa1s 23 honr to 1r rn eS
you, herewith, a statement Of the pur-
posed to the constitution of the state
Ind Whieh are to Be- s9bmitted to the
electors Of said state at the general cleo
PROPOSED AMENDMENT NO. ONE
for the year 1921 proposes an amend
to section I'll Of 3rGs s Of tine
now reads as follows:
3. 1.-THE credit Of the state shall never
be given or loaned In aid Of any In
dividuai, association or corporation.
Of bonds '1denominated Minnesota
state railroad bonds under what
purports to be an amendment to sec
ton ten of article nine; .of the consti-
tuition, adopted April Il, 1858. which
tuition, saving, excepting and reserv.
ing to the: state, nevertheless, all
rights, remedies and forfeitures &C
Il amended. said section will read
as follows:
!. "The credit Of the state shall never
be given or loaned in aid Of any indl-
cept as hereinafter provided. Nor
Soad. 'd dsnom IN s'q Sat-:
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:
nevertheless. all rights, remedies and
amendment. Provided, however. that
for the purpose Of developing the agri-
state may establish and maintain
loan money and extend credit to Tho
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
ness centained in section Of this ar
ticle shall not apply to the provisions
which the credit Of the state or tho
thereof may. BE- given or loaned 20
herein provided are declared to be
The PURPOSE Of said amendment 10 to
state by authorizing tho lending Of money
and credit Of tho state to the people upon
r.: EFEEeI q ..Id amendments. 4
rnent Of laws by the legislature for the
tenn Of rural credits. Tho legislature will
b empowered to provide money BY the
state e b loaned upon rea! estate seeur.
lty 20 tho people Of the state, and will b
enabled to prescribe tho terms and con-
ditiens upon which such money may Be
tent and suci, credit extended. There will
b no limit Of lndebtedneee IL this respect,
and the state will be enabled to Issue and
negotiate 40 many bonds for this purpose
az It deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 62s, Session Laws Of Minnesota
to tho constitution Of the state s Of Minnes
sofa by adding 4 new section to article 8.
to be known as section LA, to read a. fol-
lows;
avery person, aEtueISn1p, com.
pany, joint stock company, corpora
ton. or association, however or for
whatever purpose organized, engaged
n the business of mining or pro-
state, shall pay to the state ' Of MINI lin.
nesota an occupation tax on the val
uation Of all ores mined or produced:
which tag shall be in addition to all
to BE- due and StG payable y from H such Su PEI:
son, co-partnership, company, joint
stock company. corporation or asso-
citation however or for whatever pur-
esie s d yea4 ne next a foliowin9 q the the
mining or producing thereof. The val
uation Of ore for the purpose Of de-
termining the amount Of tax to be
ner and method provided by law.
Funds derived from the tax herein
provided for shall be apportioned; df-
y per cent to the state general rev-
manent school fund and ten per cent
to the permanent university fund. The
legislature shall BY law make the
me 81 III. TOT
The PURPOSE Of said amendments 10
to direct the legislature Of. the state Of
Minnesota to impose and 20 keep In effect
&. 81 e. S: sG:: :":'t
ore Or other ores IN thls STATE, In addition
20 other take: imposed by laW, at rate,
based upon the valuation - The ere pro-
and 20 provide Tor the proportlonate die.
trlbutlon Of such taxes TO the general
revenue fund, the permanent school fund,
ana the permanent university fund.
Tho EFFECT Of the amendment, IL
adopted, wilt be to direct the legislature
TO impose and keep In effect such 4 tax
upon those engaged In said business; and
20 require that the proceeds Of such tax.
80 shall be distributed In the manner
following, to.wlt: nifty per cent TO the
state general revenue fund, forty per cent
20 the permanent school fund, and ten
per cent TO the permanent university
fund. ~, r. ...,,-. ,sz~~s =, 81 rH~aa-sss
Z. Yours respectfully, =,
49,. CLIFFORD 1. HILTON, =
y ~I@, Attorney General.