Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1922-11-01
MIX HOLM
SecretarY- OF State.

.seeretary Of State. i. ...='.5$.1..1=54z :;
AS required by section 4e, General sta-
tutes of the state OF Minnesota for the
year 1913, have the honor to furnish
you, herewith, q statement Of the pur-
posed to the constitution Of the state
Of Minnesota by. the legislature Of 1921
and which are to be submitted to the
electors Of said state at the general cleo
ton in 1922. y-sS5.:. = = -.
PROPOSED AMENDMENT NO. ONE
for, the year 1921 proposes an amend
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
state railroad bonds. under what
i purports to be an amendment to Sec
4 ton ten Of article nine, of the constt-
tuition, adopted April 49,. 1858. which
luton Saving igue excepting ana rese s
Ing to the state, nevertheless, AL
rights. remedies and forfeitures ac-
cruing under said amendment.''
If amended. said section will read
The credit Of the state sh.il never
be given or loaned in aid Of any indi-
I vidual. association or corporation. sx-
bonds denominated Minnesota State
Railroad Bonds. under what purports
to be an amendment to seetion.1o Of
April Is, 1858. which 1s hereto ex-
plunged from the constitution, saving,
excepting and reserving to the state,
nevertheless. all rights, remedies and
amendment. Provided, however. that
for the purpose OF developing the agri-
cultural resources Of the state, the
state may esta blish and maintain a
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
ness contained in section S Of this ar
Of this section, and the purposes for
which the credit OF the state or the
aforesaid municipal subdivisions
thereof may. be given or loaned 40
1 hGPHin preyiasa are declared to be
The PGRPosE Of said amendment 10 4
develop the agricultural resources OF thu
state by authorzlno the lending OF money
:. The EFFECT 81 said amendment, I
adopted, will b to authorize the enact
establishment. and maintenance Of I sys
be empowered TO provide money by 81,
issuance and negotiation Of bonds Of tn,
state to be loaned upon real estate secur
lty to tho people Of che state, and will b.
enabled to prescribe the terms and con
dit2p9 upon which such money may b!
be no limit o. indebtedness In this respect
and the state will be enabled TO issue ans
negotiate 40 many bonds for this purpos'
as It deems advisable. til
PROPOSED AM ENDM ENT5. NO. two
Chapter 52s, Session Laws Of Minnesot.
to the a tie q Mnae
sofa by adding new section to article 9
to be known as section IA, to read n fol
lows: =. e
Every person, co -partnership. com
pany, Joint stock company, corpora
ton, or associa ton, however or for
whatever purpose organised, engaged
in the business Of mining or pro-
state. shall pay to the state Of Min
nesota an occupation tax on the val
uation Of all ores mined Or produced:
s prov Dc By ad sW sa1 q tax Az
to be dua and payable from such per-
son, co-pertne rship, company, Joint
stock compally. corporation OF assoc
pose organized; ION May first Of the
calendar year next following the
mining or producing thereof. The val
t rati9n Of ore ta for the purpose Of de-
paid shall be ascertained In the man.
ner and method provided by law.
Funds derived from the tax herein
provided do ior shall pc apportioned; hf-
enue fund, forty per cent to the per-
manent school fund and ten per cent
g the perma nent university fund. The