The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1922-10-14
Addressed to
mike HOLM
Secretary of State.

~ ~ - WINS to-
HONORABLE MIKE HOLM,
Secretary OF State,
Capitol.
AS required by section 49, General sta
tutes of the state of Minnesota for the
year 1913. I have the honor to furnish
you, herewith, statement of the pur-
poses and effects of all amendments pro.
posed to the constitution of the state
of Minnesota by the legislature of 1922
and which are to be submitted to the
electors of said state at the general cleo
ton in 1922.
PROPOSED AMENDMENT NO. ONE
Chapter 52s, 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:,
THE credit of the State shall never
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
is hereby expunged from the consti-
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-
cept as hereinafter provided. Nor
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,
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
negotiate bonds to provide money to
be so loaned. The limit of indebted
ness contained in section 5 of this ar
tiele shall not apply to the provisions
of this section, and the purposes for
which the credit of the state or the
aforesaid municipal subdivisions
thereof may be given or loaned as
herein provided are declared to be
PUBLIC purposes"
The PURPOSE of said amendment Is T.
develop L1G agricultural resources OF IH'
state by authorizing the lending Of none,
and credit of the state to the people upoi
real estate security.
The EFFECT of said amendment,
ment of laws by the legislature for tn,
establishment and maintenance Of sys
tenn of rural credits. The legislature will
be empowered to provide money by thu
issuance and negotiation Of bonds OF thu
state to be loaned upon real estate secur
ity to the people of the state, and will b,
enabled to prescribe the terms and con
ditions upon which such money may b.
lent and such credit extended. There vii
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 1T deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 500, Session Laws Of Minnesota
for the year 1921, proposes an amendment
to the constitution of the state of Mime.
to be known as section La, to read as fol
lows:
Every person, co-partnership, COM
pany, joint stock company, corpora
ton, 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-
terminfng the amount Of tax to be
paid shall be ascertaiped in the man
ner and method provided by law.
Funds derived from the tax herein
provided for shall be apportioned: fif-
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
legislature shall by law make the
necessary provisions for carrying out
the provisions of this section
The PURPOSE of said amendment I:
to direct the legislature Of the state Of
Minnesota to impose and to keep In effect
the business Of mining or producing lror
ore or other ores In this state, In addition
70 other taxes imposed by law, at rate
based upon the valuation of the ore pro.
duced, to be determined by the Legislature
and to provide for the proportionate dis.
tribution OF such taxes to the genera
revenue fund, the permanent school fund
and the permanent university fund.
The EFFECT OF the amendment, y
adopted, Will be to direct the legislature
to impose and keep In effect such a ia,
upon those engaged In said business; anc
to require that the proceeds Of such tax.
es shall be distributed In tbs manner
following, to-Wft: fifty per cent to the
60 the permanent school fund, and ter
per cent to the permanent university
fund.
Yours respectfully,
CLIFFORD L. HILTON,
.Is!Iz1i.a Attorney General