The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1922-10-21
Mike HOLM
Secretary of State.

MIKE HOLM,
Secretary OF State,
Capitol.
SIR:
AS required by section AZ, General Sta
tutes of the state of Minnesota for the
year 1913, I 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
ton in 1922.
PROPOSED AMENDMENT NO. ONE
Chapter 528, Session Laws Of Minnesota
for the year 1921 proposes an amend
ment to section 10 of article of the
constitution of said state. Said section
now reads as follows:
be given or loaned in aid of any in
dividual, association or corporation.
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
tuition, saving, excepting and reserv-
ing to the state, nevertheless, all .
rights, remedies and forfeitures ac-
cruing under said amendment"
If 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-
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 of the constitution, adopted
April Is, 1853. which is hereto ex-
plunged from the constitution, saving,
j 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 the state, the
state may establish and maintain
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
bgo51ts sn bonds tho se & IF eney
ness contained in section 5 of this ar
ticle shall not apply to the provisions
Of this section, and the purposes for
AZORES aforesaid s ol Municipal sabdivisions
thereof may be. given or loaned as
herein provided are declared to be
public purposes"
The PURPOSE Of said amendment 10 4
develop the agricultural resources OF thu
state by authorizing the lending Of none,
and credit Of the state to the people upor
The EFFECT Of said amendment,
adopted, will be to authorize the enact
ment of laws by the legislature for TIT
establishment and maintenance Of sys
be empowered to provide money by th,
Issuance and negotiation Of bonds Of TIT
state to be loaned upon real estate secur
Ity to the people OF the state, and will b
ditions upon which such money may b,
lent and such credit extended. There will
be no limit Of Indebtedness In this respect
and the state will be enabled to issue ant
negotiate as many bonds for this purpose
as it deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 500, Session Laws Of Minnesota
for the year 1921, proposes an amendmen
to the constitution of the state of Mime
sofa by adding new section to article 8
to be known as section La, to read as fol
lows:
Every person, o-partnership, COM
pany, joint stock company, corpora
tion, or association, however or for
whatever 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.. co-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-
| terrnining 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; ff-
| ty per cent to the state general rev.
enue fund, forty per cent to the per-
manent school fund and ten per cent
to the permanent university fund. The
i legislature shall by law make the
| the provisions of this section"
The PURPOSE OF said amendment !
Il to direct the legislature OF the state o
/ Minnesota to impose and to keep In effec
II an occupation tax upon those engaged Il
1 the business Of mining or producing lro
ore or other ores In this state, In addition
to other taxes imposed by law, at rate
based upon the valuation Of the ore pro
duced, TO be determined by the Legislature
tribution o. such taxes to the genera
revenue fund, the permanent school fund
Il and the permanent university fund.
The EFFECT OF the amendment,
adopted, will be to direct the legislator
to impose and keep In effect such Ia
upon those engaged In said business; an
to require that the proceeds Of such tax
following, to-Wit: fifty per cent to tn
state general revenue fund, forty per cen
to the permanent school fund, and fe
per cent to the permanent universIt
fund.
CLIFFORD 1. HILTON,
SRI Attorney General.