Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1922-10-04

pooS0
posed to the constitution of the stat
of minnesota by the legisla ture Of 1872
and which are to be submitted to tn,
electors 1aos said state at the general cleo
PROPOSED AMENDMENT NO. ONE
for the year 1921 proposes an amend
ment to section 10 Of article 9 OF tn
now reads as follows: ....,..
- The The; credit Of the !. state shall never
dividual.. association or CORPORATE
of bonds >denominated Minnesota
state railroad bonds under-w what
tion ten of article nine, Of the consti-
tuition adopted April Is, 1858, which
is hereby expunged from the consti-
tuition, saving, excepting and reserv-
rights, remedies and forfeitures &C
cruing under said amendment"
If amended. said section will read
as follows:
1.-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 OF
bonds denominated Minnesota State
to be an amendment to section 10 Of
article 9 of the constitution, adopted
April is, 1858, which is hereto ex-
plunged from the constitution, saving,
nevertheless, all rights, remedies and
forfeitures, accruing under said
amendment. Provided, however, that
for the purpose of developing the agri-
cultural resources of the, state, the
state may establis and maintain
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. tc. provide money to
be so loaned The limit Of indebted
ness contained In section s of this ar
ti III e, shall llo not apply to the provisions
which the credit IF the state or the
aforesaid, municipal subdivisions
thereof. may be given or loaned as
herein provided, are declared 70 be
The PURPOSE OF said amendment; Is (
develop the agricultural resources Of tn
state by authorizing the lending OF none!
and er st5t q se ts state to the people upo
The EFFEcT Of said amendment, 8,
adopted, will be to authorize the enact
ment Of laws BY the legislature @for ;th
Ten 81 r"rai credits. IL ;esis,stufe y, %'
be empowered TO provide money BY En-
Issuance and negotiation Of bonds Of tn
state@to be loaned upon real estate seeur
.ty TO- the people 9f th .s stats and M
ditiona upon which sucl, money may 81
lent and such credit extended. There will
be no limit of Indebtedness In this respect
and l<he state viii be enabled to Issue an,
AZ :iS deems advisable.
PROPOSED AMENDMENTsNo, two
Chapter $40, Session Laws Of Minnesot,
for the year 1921, proposes an amendmen
to the constitution of the state of Mime
sofa by adding anew section to article
ito.be known as section LA, to read as fol
IS, EVERY person, co-partnership, COM
:pany, Joint stock company, corpora
.&tion, or association. however sor for
whatever purpose organized, engaged
ducing iron ore or other ores in this
state, shall pay to the state Of Min
nesota an occupation tax on the va1-s
which tax shall be in addition to ali
other taxes provided by law said tax
'$% to be due and payable from such per
son, co-partnership, company, joint
stock company, corporation or ASSOC
q calendar year next following the
mining or producing thereof. The vail
uation of ore the purpose OF de-s::
paid shall be ascertained IN the man
s9ner and method provided by s law.
Funds derived from the tax herein
provided for shall be apportioned; At
u 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 "
the provisions 81 This section E
The PuRPoSEoe said amendment I,
% direct the. e0isiature. Of the state "a