The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-10-19
Mike HOLM
Secretary Of State.

: ST. PAUL, MINNESOTA,
OFFICE OF ATTORNEY GENERAL.
HONORABLE MIKE HOLM. ''' ~
Secretary Secretary OF State
SIR:
: AS required by section 4e, General Sta
futes Of the state Of Minnesota for the
fou, herewith, a statement Of the pur-
bosses and effects of all amendments pro-
posed to the constitution of the state
pr Minnesota by the legislature Of 1921
electors Of said state at the general cleo
tion in 1922.
PROPOSED AMENDMENT NO. ONE
Chapter 52S. Session Laws of Minnesota
for the year 1921 proposes an amend
ment to section 10 Of article 3 Of the
constitution Of said state. Said section
now reads as follows:
1.-THE credit of the state shall never
be 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 constt-
tuition, saving, excepting and reserv.
! ing to the state, nevertheless, all
rights. remedies and f9rfeltures &C
If amended. said section will read
as follows:
"The credit of the state shall never
be given or loaned In aid OF any indi-
cept as hereinafter provided. Nor
bonds denominated Minnesota State
. Railroad Bonds under what purports
to be an amendment to section 10 OF
article 9 of the constitution, adopted
III III. &C. In
plunged from the constitution, saving,
excepting and reserving to the state,
nevertheless, all rights. remedies and
forfeitures accruing, under said
for the purpose of developing the agri-
cultural resources of the state, the
state may establish and maintain
system of rural credits and thereby
people Of the state upon real estate
security in such manner and upon
such terms and conditions as may be
prescribed by law, and to issue and
be eo osnea Tho e % Of
ness contained in section of this ar
ticle shall not apply to the provisions
OF this section, and the purposes Tor
sforesa das 'r mnnieipal ne S saSdivisions
thereof may be given or loaned as
herein provided. are declared to be
public purposes"
develop tho agricultural resources Of the
state by authorizing the lending Of money
and credit Of the state to the people upon
real estate security.
adopted, will be to authorize tho enact.
ment of laws by the legislature for thu
establishment and maintenance Of sys.
tenn Of rural credits. The legislature vii
issuance and negotiation Of bonds Of the
state to be loaned upon real estate secur.
ity to the people Of tho state, and will b
enabled to prescribe the terms and CON
dltIona upon which such money may b
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 purpose
as II deems advisable.
PROPOSED AMENDMENT NO. TWO
Chapter 52S, Session Laws Of Minnesot,
for the year 1921, proposes an amendment
to the constitution of the state Of Mime
sofa by adding new section to article
to be known as section LA. to read as fol
lows:
pany, joint stock company, corpora
ton, or association, however or for
t5s nna
ducing iron ore or other ores In this
state, shall pay to the state Of Min
nesota an occupation tax on the val
Which tax IS 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
eaon OF Ue
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; hf-
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"
Tho PURPOSE Of said amendment
TO direct the legislature OF the state
Minnesota to Impose and to keep In effet
an occupation tax upon those engaged
the business Of mining or producing lro
TO other taxes imposed by law, at rat
based upon the valuation Of the ore pre-
duced. TO be determined by the legislator
and to provide for the proportonate dis
revenue fund, the permanent school fun,
and the permanent university fund.
The EFFECT of the amendment,
adopted, will be to direct the ieglsIatuI
20 impose and keep In effect such a ia
upon those engaged In said business; an
to REQUIRE that the proceeds of such Ia,
es shall be distributed In the manns
following, to-wit: fifty per cent to I'll
state general revenue fund, forty per Ger
TO the permanent school fund, and e
per cent to the permanent unlversls
Yours respectfully,
CLIFFORD Z. HILTON,
.. Attorney General