The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-10-12
PROPOSED AMENDMENT NO. ONE

tlOn III 1Sll.
PROPOSED AMENDMENT NO. ONE
Chapter 52S, Session Laws of Minnesota
for the year 1921 proposes an amend,
constitution of said state. Said section
now reads as follows:
"The credit of the state shall never
Nor shall there be any further issue
of bonds denominated Minnesota
state railroad bonds, under what
purports to be an amendment to Sec
tuition. adopted April is. 1858. which
is hereby expunged from the consti-
tuition, saving, excepting and reserv--
Ing to the state, nevertheless, all
rights, remedies and forfeitures &C
cruing under said amendment"
If amended. said section will read
as follows:
he credit of the state shall never
be given or loaned in aid of any indi-
Vdual, 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 of the constitution. adopted
April Is, 1858, which is hereto ex-
plunged from the constitution, saving,
excepting and reserving to the state,
nevertheless, all rights. remedies and
forfeitures accruipg under said
amendment. Provided, however, that
for the purpose of developing the agri-
s cultural resources ees OF the STATE, inc
, 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
prescribed by law, and to issue and
negotiate bonds to provide money to
be so loaned. The limit Ct indebted-
ticle shall not apply to the provisions
which the credit Of the state or the
aforesaid municipal subdivisions
thereof may. be given or loaned as
herein provided, are declared to be
The PURPOSE of said amendment ls Il
develop the agricultural resources: Of tn.
state by authorizing the lending Of money
and credit of the state to the people upor
real estate security.
adopted, will be to authorize the enact
mert Of laws by the legislature for tn,
establishment and maintenance Of sys
tenn Of rural credits. The legislature Will
Issuance and negotiation of bonds Of tn,
state to be loaned upon real estate secur
ity to the people Of the state, and will b!
enabled to prescribe the terms and con
OlGIOnS upon WHICH SuCH HIOUSy may "
lent and such credit extended. There will
be no limit Of Indebtedness In this respect
and the state will be enabled to Issue ant
negotiate as many bonds for this purpos
as 1t deems advisable.
PROPOSED AMENDMENT NO. TW(
Chapter 529, Session Laws of Minnesot,
for the year 1921, proposes an amendmen
to the constitution Of the state Of Mime
sofa by adding a new section to article
to be known as section LA, to read as fol
lows;
ton, or association, however or for
whatever purpose organized, engaged
in the business of mining or pro-
aSSng b Gn ors 9e 9a e as 81 n Minis tn.
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
son.. co-partnership, company, joint
stock company, corporation or assoc
citation however or for whatever pur-
pose organized, 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 shall be ascertained in the man
Funds derived from the tax herein
provided for, shall be apportioned; If
ty per captsfo 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 tho
necessary provisions for carrying out
the provisions of this section"
The PURPOSE Of said amendment
30 direct the legislature Of the state
Minnesota to impose and to keep In enc,
an occupation tax upon those engaged
the business Of mining or producing Ire
ore or other ores In this state, In additIo
to other taxes imposed by law, at rat
based upon the valuation Of the ore prt
duced, to be determined by the leglslatuI
and to provide for the proportlonate dill
trIbution Of such taxes to the oener
revenue fund, the permanent school fun
and the permanent university fund.
The EFFECT Of the amendment,
adopted, will be to direct the leolslatu
20 Impose and keep In effect such q
upon those engaged In said business; ar
90 require that the proceeds Of such Ia,
90 shall be distributed In the MANN
following, to-Wit: fifty per cent 20 Il
state general revenue fund, forty per Gel
20 the permanent school fund, and q
per cent 70 the permanent unlversl'
You're respectfully,
Iii CLIFFORD 1. HILTON
tA> A&&asNey oeNoro6