The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1922-10-04

ST. PAUL, MINNESOTA,
OFFICE OF ATTORNEY GENERAL,
HONORABLE MIKE HOLM,
Secretary Of State,
Capitol.
SIR: r. Il.
AS required by section 46, General Sta
tutes of the state of Minnesota for tn
year 1913. have the honor to furnish
you, herewith, a sta tement of the pur
poses and effects of all amendments pro
of Minnesota by the legislature of 1872
and which are to be submitted to tn
electors Of said state at the general cleo
ton in 1922.
PROPOSED AMENDMENT NO. ONE
! Chapter 52S, Session Laws of Minnesot:
tor the year ast 1921 pro rta an m nd
constitution 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
J of bonds denominated Minnesota
state railroad bonds under what
J 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-
i tuition. saving, excepting and resery,..
! ing to the state, nevertheless, an
rights, remedies and forfeitures &C
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 indf-
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 9 of the constitution, adopted
v1,s &C.
plunged from the constitution, saving,
excepting and reserving to the state,
nevertheless, all rights, remedies and
forfeitures accruing. under. said
for the purpose of developing the agri-
cultural resources of the state, the
state may establish 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
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 indie bted-
ness contained in section S of this ar
ticle shall not apply to the provisions
of this section, and the purposes for
which the credit Of the state or the
aforesaid municipal subdivisions
herein provided are declared to be
public purposes"
The PURPOSE of said amendment Is tc
develop the agricultural resources of the
and credit Of the state to the people upor
The EFFECT Of said amendment, Il
adopted, will be to authorize the enact.
ment Of laws by the legislature for the
establishment and maintenance Of a sys.
tenn of rural credits. The legislature will
be empowered to provide money by the
Issuance and negotiation Of bonds Of the
= ~ IN t0 he al cfafo
Ity to the people Of the state, and will be
enabled to~prescribe the terms and con-
ditlons upon which such money may be
lent and such credit extended. There WI.
and the state will be enabled to- Issue and
negotiate as many bonds for this purpose
as It deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 52s, Session Laws of Minnesota
for the year 1921, proposes an amendment
sofa by adding new section to article 9.
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
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
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-
termining the amount of tax to be
paid shall be ascertained in the man
lner and method provided by law.
provided for shall be apportioned; If
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 amendments ID
to direct the legislature of the state Of
Minnesota to impose and to keep In effect
an occupation tax upon those engaged In
the business OF mining or producing Iron
ore or other ores In this state, In addition
to other taxes imposed by law, at rate,
.tiuced. to be determined by the Legislature
and to provide for the proportionate dis
trlbution OF such taxes to the general
revenue fund, the permanent school fund
Tho EFFECT Of the amendment, Il
adopted, will be to direct the legislature
to impose and keep In effect such a tax
upon those engaged In said business; and
10 require that the proceeds OF such tax
6 shall be distributed In the manneE
following, to-wit: hfty per cent TO the
etate general revenue fund, forty per cent
20 the permanent school fund, and ter
per cent TO the permanent university
fund.
Yours respectfully.
8tAIA.. CLIFFORD 1. HILTON,
Attorney General