The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-10-26
Mike HOLM
Secretary of State.

uubuuA1 uBO6nun
Secretary of State.
ST. PAUL, MINNESOTA.
OFFICE OF ATTORNEY un sE ~ 5asl
MIKE HOLM, ''' -'-1'
Secretary Of State,
Capitol.
AS required by section 46, General Sta
tuteS of the state of Minnesota for the
year 1913, have the honor to. furnish
Hou. herewith, a statement Of the pur-
bosses 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
electors Of said state at the general cleo
PROPOSED AMENDMENT NO. ONE
chap s s Session Sss aaws Of 1d
Of said state. Said section
now reads as follows:
1.-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
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 resery,
rights, remedies and forfeitures &C.
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 indi-
vidual, association or corporation, ex-
cept as hereinafter provided. Nor
shall there be any further issue e.. OF
Railroad Bonds under what purports
bs an az sbs adoDted
April Is, 1853, which is 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 establish and maintain a
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 ID
be so loaned. The limit Of indebted
ness contained in section s of this ar
ticle shall not apply to the provisions
Of this section. and the purposes for
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 the
state by authorizing the lending Of money
and credit Of the state to the people upor
real In s't aFF sssgr's y said amendment.
adopted opt Win be to sutherizs the enact.
ment OF laws by the legislature for tha
establishment and maintenance Of q sys.
tenn Of rural credits. The legislature VII
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
lent and such credit extended. There will
be no limit Of indebtedness In this respect
and the state will be enabled 20 issue ans
negotiate as many bonds for this purpose
as Il deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 52s. Session Laws Of Minnesota
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
''Every person, co-partnership. COM
pany, joint stock company, corpora
ton, or association, however or for
whatever purpose organized, engaged
un the Sn oss or Of oRar no oses Or in &
state. shall pay to the state Of Min
nesota an occupation tax on the val
uation Of all ores mined or produced,
other taxes provided by law. said tax
to be due and payable from SUCH per.
son, co-partnership, company, joint
stock company, corporation or assoc
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
rer and method provided by law.
Funds derived from the tax herein
provided for shall be apportioned; nj
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 ny law ~ maze maze o one
the provisions of this section"
The PURPOSE Of said amendment
to direct the legislature OF the state
an occupation tax upon those engaged
the business Of mining or producing iro
ore or other ores In this state, In addttio
to other taxes imposed by law, at q rate
duced, to be determined by the legislator
| and to provide for the proportlonate dis
trIbution Of such taxes to the geners
! revenue fund, the permanent school funs
and the permanent university i1uus
] The EFFECT Of the amendment,
| adopted, will be to direct the iegislatur
10 Impose and keep In effect such "a
upon those engaged In said business; an
60 require that the proceeds Of such tax
e. shall be distributed In the manne
following, to-wit: fifty per cent to tn
state general revenue fund, forty per Ger
to the permanent school fund, and g
per cent to the permanent univereif
Yours RESPECTFULLY,
CLIFFORD ID HILTON,