The Appeal. [volume] (Saint Paul, Minn. ;) 1889-19??, 1922-10-14

OFFICE :oF N >4T:4o @'SE5S s9HtGeA!.
HONORABLE NIKE 4oI@.' ''' $780,
SIR:
As required by section 46. General sta
year 1918. 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 stat
and which are to be submitted to tn
ton in 1922.
PROPOSED AMENDMENT NO. ON
Chapter 52S. Session Laws Of Minnesot
TOR the year year,. 1921 proposes an amend
constitution s' Of said state. Said s U i
now reads as follows:
1.-THE credit Of the state shall never
be given or loaned in aid Of any in
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 &C.
cruing under said amendment" -.
II amended. said section will read
-"The credit Of the state shall never
be given or loaned In aid Of any indi-
vidual. association or corporation, ex-
cept az hereinafter provided. Nor
h sna there be- any further issue .. Of
Railroad Bonds Under what purports
article Of the constitution, adopted
April TO-, 1858, which IL hereto eX-
plunged from the constitution, saving.
excepting and reserving to the state.
amendment. Provided. however. that
for the purpose Of developing tho agri-
cultural resources of the state, tho
system of rural credits and thereby
loan money and extend credit to tho
people OF the state upon real estate
s security IN such manner and upon
prescribed by law, and to issue and
negotiate bonds to provide money to
be 50 loaned. The limit Of indebted
ness contained In section s Of this ar
Of this section, and the purposes for
aforesaid municipal subdivisions
herein ppayd BE sysn o. leaned d
Tie PGGRPosE' Of said amendment I. ,
develop the agricultural resources Of th
and credit Of tho state to the people upo
Tho EFFEcT q said amendment
adopted: win be to authorize the enae.
estab,!shment and maintenance Of a sys
tenn OF rural credits. Tho legislature WI
be empowered 70 provide money by tn
Issuance and negotiation Of bonds o. tn
ity 70 the people Of tho state, and viii siS1 5
enabled to prescribe the terms and con
ditions upon which such money may b
lent and such credit extended. There Wi
and the state will be enabled to Issue an
negotiate as many bonds for this purpos
a. It deems advisable. : :
PROPOSED MENDMENT NO. rW(
=. Chapter SIS. Session Laws of Minnesot.
Tor the year 1921. proposes an amendmen
to the constitution of the state of Mime
sofa by adding new section to article
lows; ILL $4,000. ="
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
neseta % Ra tax zea on the G1 1a
uation OF all ores mined or produced,
which tax shall be in addition to ali
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
citation however or for whatever pur-
p pose tcrsan 1se on May first Of the
mining or producing thereof. The val
uation of ore for the purpose Of de-
termining the amount OF tax to be
paid a shall be II the
Funds derived from the tax herein