The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1922-10-06

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Secretary Of State. j
orf,o e: sA g4l+G alssE: sGsssis.r.1
HONORABLE MIKE HOLM.
Secretary Of state, : -'-.'
Capitol. -
As required by section, 40, General Sta
tttes of the state Of Minnesota for the
year 1913, ! have the honor to furnish
you, herewith, a statement OF the pur-
posed to the constitution Of the STAT.
IF Minnesota by the legislaturesof 1922
and which are to be submitted to the
electors Of said state at the general cleo
PROPOSED AMENDMENT NO. ONE
Chapter 52s, Session Laws Of Minnesots
the ysar ass 10 of astcs an N %
of said state. Said sectiez
now reads as fellows: =.
THE credit of the: state shah never
be given or leaned ed; IN avg 81 any an IN
Nor shall there be any further issue
OF bonds denomina ted minnesota
state railroad bondsr under what
purports to be an araendnasit to sec
ton ten of article nine. OF the consti-
tuition. adopted April Is, 1883. which
is hereby expunged from the consti-
tuition, saving. excepting and reserv-
ing to the state, nevertheless. all
rights. remedies, and rorfsitures ac-
II amended. said secfion VIII read
as follows: et.os.
'aThe credit Of the state shall never
be given or loaned in aid sof any lnai-
cent - a. -I hereinsfte Z. psossdss Nor
shah there be any fuxther issue Of
bonds denominated 1finnesofa Skata
ra,,raaa nona.. under Mat ,ursert.
60 PC "a amsnament xo ssctien y g
Arrcie = OF the consutulon. aaopted
Aprn 40. 1898 Hnicn = nsTe.o
pungea rom the consuluon, savIns'
excepting ana reserylnS 70 tns staIe;
neyertheless. all rigntsS remeeaes a no
ferfettures accrutng under said
anenument. Provideo; noMever, That
Tor the purpose OF oeveiopins tne asTi-
cuiturai resources OF sne state, tno
state may establish ana maintain e
ss ,,a ., Ia Srtan6 craS,t -. IA
Seci1rity In such manner and upon
st,ch terms and conditfous as may be
prescribed by law. and to sissue and
negotiate bonds to provide money to
ness contained in section Stof this ar
ticle sham not apply to the provisions
Of this section. and the purposes for
which the credit of the state or the
Aforesaid municipal subdivisions
therein Dp ay ss s srs to Sc
5 nubiic pi1rnoses"
The PURFosE of said amendment Is Il
Develop the Horticultural resources of the
r By y .s.s the j Of
real estate security.
The EFFECT Of said amendment, Il
adopted, will be TO authorIxe the enact
ment OF laws by the legislature for ths
49, - -
tenn Of rural credits. The1IeuIsiature VIII
be empowered TO provide money by the
Issuance and negotiation OF. bonds Of the
state TO be loaned upon real estate sscur-
enabled TO prescribe the terms and con-
ditIons upon which such money NAV b
Ient and such credit extendedf, There Will
Be no limit Of indebtedness In this respect,
s state % b 70 's-.
as II deems advisable.
.,senrpr,- Ala r,n,
fnOrOoEO Am6NOM6NI NJ. W.
for the year 1921. proposes an amendnent
to the constitution OF the state of Mmncs
sofa by adding new section to article 3.
70 be known as section l,-to read as fol-
lows:
pany. joint stock company. corpora
ton. or association, however or for
whatever purpose organized. engaged
10 the business OF mining or pro-
ducing iron ore or other. ores in this
state. shall pay to the stats of Min
nesota an occupation tax@on the VAL
uation OF all ores mined on, produced.
which tax shall be IN addition to all
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-
pose organized, on May first of the
calendar year next following tho
mining or producing thereof. The val
uation of ore for the purpose of de-
termining the amount OF tax 70 De
p psr s ma methoS nrnv,dad bw law