The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1922-10-12

OFFICE or ATTORNEY eENERAL,
HONORABLE MIKE HOLM. ''' 1''1'
SIR:
As required by section 4s. General Sta.
tutss q, Of the state Of Minnesota for thu
you. herewith. a statement of the pur-
poses and effects Of all amendments pro.
posed to the constitution of the state
ana which are to be Submitted to The
ee1 In i 81 Sa'd state at the general
PROPOSED AMENDMENT NO. ONE
Chapter 52s. Session Laws Of Minnesots
for the year 1921 proposes an amend
ment to section 70 Of article Of tn.
now reads as follows:
THE credit of the state shall never
30 given or loaned in aid Of any in
dividual., association or corporation.
Of bonds denominated Minnesota
state railroad bonds under what
purports to be an amendment to sec
ton ten OF article nine, of the consti-
IS hereby expunged from the consti-
tuition. saving, excepting and reserv-
Ing to the state, nevertheless, all
rights. remedies and forfeitures &C.
u
If amended. said section will read
he Credit of the state shall never
vidual. association or corporation. e1-
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
April Is, 1858, which is hereto ex-
plunged from the constitution, saving,
excepting and reservinE 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
gs1 of r95 nd e e1sdS and ne Thy
people Of the state upon real estate
security in such manner and upon
such terms and conditions as may be
negotiate bonds to provide money to
be SO loaned. The limit of indebted
ness contained in section s Of this ar
ticle shall not apply to the provisions
which the credit Of the state or the
aforesaid municipal subdivisions
herein provided. are declared to be
The PURPosE Of said amendment Is t.
develop the agricultural resources Of tn,
state by authorizing the lending Of none,
and credit Of the state to the people upor
~ The St EFF tSs4''e y said amendment, /
adopted, will b to authorize the enact.
ment Of laws by the legislature for thu
establishment and maintenance Of a sys.
be empowered to provide money by The
Issuance and negotiation Of bonds Of the
state to be loaned upon real estate secur.
Ity TO the people Of the state, and will be
enabled to prescribe the terms and con.
dltions upon which such money may be
lent and such credit extended. There will
30 no limit Of indebtedness In this respect
negotiate as many bonds for this purpose
as It deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 500, Session Laws of Minnesota
for the year 1921, proposes an amendment
to the constitution of the state of Mime
sofa by adding new section to article g.
to be known as section LA, to read as fol-
lows:
Every person, co-partnership, COM
pany, joint stock company, corpora
whatever purpose organized, engaged
IN the business of mining or pro-
ducing iron ore or other ores in this
state, shall pay to the state Of Min
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
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
ner and method provided by law.
Funds derived from the tax herein
provided for shall be apportioned; f1f-
ty per cent to the state general rev.
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"
to direct the legislature Of the state Of
Minnesota to impose and to keep In erect
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,
duced. to be determined by the legislature
and to provide for the proportionate dis.
tribution OF such taxes to the general
revenue fund, the permanent school fund,
an qbt the Permanent university nv fund: :.
adopted, will be to direct the legislature
to impose and keep In effect such a tax
upon those engaged In said business; and
to require that the proceeds Of such tax
es shall be distributed In the manner
state general revenue fund, forty per cent
to the permanent school fund, and ten
per cent to the permanent university
Yours respectfully,
CLIFFORD L. HILTON,