Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1922-10-13
Addressed to
MIKE HOLM
Secretary OF State.

ST. PAUL, MINNESOTA,
OFFICE OF ATTORNEY GENERAL,
MIKE HOLM,
Secretary Of State,
SIR:
AS required by section 46, General Sta
year 1918, / have the honor to furnish
you, herewith, statement of the pur-
poses and effects of all amendments pro-
If 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.
AMENDMENT NO. ONE
Chapter 52S, Session Laws of Minnesota
Tor the year 1921 proposes 81, an amend m nd
of said state. Said section
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
ton ten of article nine, of the consti-
tuition, adopted April Is, 1858, which
Is hereby expunged from the consti-
tuition, saving, excepting and resery.
rights, remedies and forfeitures ac-
cruing under said amendment"
II amended, said section will read
as follows:
| ''The credit of the state shall never
be given or loaned in aid of any inM-
vidual, association or corporation, ex-
cept as hereinafter provided. Nor
bonds dennminatad AFinnAsota Gtof~
Railroad Bonds under what purports
to be an amendment to section 10 OF
article of the constitution, adopted
April Is, 1853, which is hereto exc
YaIrncrad from tho constitution saving
excepting and reserving to the state.
nevertheless, all rights, remedies and
forfeitures aceruing under said
for the purpose of developing the agri-
cultural resources of the state, the
state may establish and maintain q
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 of this ar
ticle shall not apply to the provisions
Of this section, and the purposes Tor
aforesaid municipal subdivisions
thereof may be given or loaned as
herein provided are declared to be
The PURPOSE of said amendment 10 &
develop the agricultural resources of thu
state by authorizing the lending of money
and credit of the state to the people upoF
The EFFECT Of said amendment, 4
adopted, will be to authorize the enact,
ment of laws by the legislature for thu
estaDlishment and nd. n'a!ntenanGe OF 2 sys ;,
be empowered to provide money by the
Issuance and negotiation of bonds Of the
state to be loaned upon real estate secur.
lty to the people of the state, and will bc
enabled to prescribe the terms and con.
dltiona 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 anc
negotiate as many bonds for this purposs
as 1t deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 529,- Session Laws of Minnesota
for the year 1921, proposes an amendment
to the constitution of the state of Mime.
sofa by adding new section to article 3
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
son., co-partnership, company, joint
stock company, corporation or assoc
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; flf-
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 q
to direct the legislature OF the state o.
Minnesota to Impose and to keep In eftec
an occupation tax upon those engaged ~
the business OF mining or producing lroE
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
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, Il
adopted, will be to direct the Legislature
TO impose and keep In effect such a tap
to require that the proceeds OF such tax.
es shall be distributed In the manner
following, TO wit: fifty per cent to the
state general revenue fund, forty per cent
to the permanent school fund, and ter
per cent to the permanent university
fund.
Yours resreettnilv.
Gill; LION,
saerai.