The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1932-10-06
IN. Effect Of the Proposed Amend.

The Effect Of the Proposed Amend.
ment
The effect Of the proposed amend.
ment, IL adopted, will be to abrogate
the constitutional requirement that
school and swamp lands be disposed
nit the legislature to authorize the
exchange of such lands for lands o.
the United States, with the approva
OF commission consisting of the
governor, the attorney general anc
the state auditor. All mineral anc
water and water power rights II
lands so transferred are reserved t.
the state. The proceeds Of sales o.
federal lands so acquired by exchange
would be subject, under the proposes
amendment, to the same trusts as the
state lands which were conveyed.
The ballots used at the election
should have printed thereon the fol
lowing:
EXCHANGE OF STATE AND
FEDERAL LANDS
Amendment of article 8 of the
change of public lands of the
state for lands of the United
States, as the legislature may
provide.
ley s..sss.ss.s
NJ .............
PROPOSED AMENDMENT NO. 4
ter 419, the legislature has proposed
an amendment to article 9, section
10, Of the constitution. This section
now reads as follows:
"The credit of the state shall
never be given or loaned in aid Of
any individual, association or
corporation, except as hereinaf-
ter provided. Nor shall there be
any further issue of bonds de-
nominated Minnesota State Rail-
road Bonds, under what pur-
ton ten (10) of article nine (s)
of the Constitution adopted
April 18th, 1858, which is hereby
expunged from the Constitution,
saving. excepting and reserving to
the state, nevertheless, all rights,
remedies and forfeitures accru-
ing under said amendment. Pro-
vided, however, that for the pur-
pose of developing the agricul-
tural resources of the state. the
state may establish and maintain
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 such terms and
conditions as may be prescribed
by law. and to issue and nego-
tiate bonds to provide money to
be so loaned. The limit Of in
debtedness contained in section
of this article shall not apply
to the provisions of this section,
and the purposes for which the
credit of the state or the afore-
said municipal subdivisions there
of may be given or loaned as
herein provided are declared to be
public purposes"
If the proposed amendment Is adopt
ed. the section will read as follows
1.-THE credit of the state shall
never be given or loaned in aid
Of any individual, association or
corporation, except as hereinaf-
ter provided. Nor shall there be
any further issue of bonds de-
nominated Minnesota State Rail-
road Bonds, under what pur-
ports to be an amendment to Sec
ton ten G0) of article nine (9)
of the Constitution, adopted April
Is, 1858, which is hereby ex-
plunged from the Constitution.
saving, excepting and reserving
to the state, nevertheless, all
rights, remedies and forfeitures
accruing under said amendment.
Provided, however. that for the
cultural resources of the state,
the state may establish and main
tain a 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 such terms and
conditions as may be prescribed
by law. and to issue and negotiate
bonds to provide money to be so
loaned. The limit of indebted
ness contained in section of
this article shall not apply to the
provisions of this section, and the
purposes for which the credit of
the state or the aforesaid NUM-
cfpal subdivisions thereof may be
given or loaned as herein pro-
vided are declared to be public
purposes.
"The legislature may authorize
the taxing of any lands, title to
which Is acquired by the state
through the operation Of such sys-
tenn of rural credits, during the
period such lands are held by the
state, and for the assessment
thereof for benefits arising from
improvements, and may provide
for the payment of such taxes
and assessments out of the funds
bonds or the operation of such
system of rural credits. In lieu
OF such taxation the legislature
may appropriate out of such
funds without discrimination to
all the school districts, towns,
counties, cities, villages and
boroughs in which such lands are
located sums of money not ex-
ceeding the amounts which would
have been realized by such gov
ernmental subdivisions from the
assessments against or taxation
of such lands if privately owned"
The Purpose of the Proposed Amend.
ment
BY reason Of the operation Of tn.
Department Of Rural Credit the stat.
Of Minnesota has acquired title to &
large amount of improved farm lands
Property owned by the state Is no,
subject to taxation. The purpose o.
this proposed amendment Is to give
the legislature constitutional author.
lily to subject lands acquired through
the operation Of the system Of rura
credits to taxation and the paymen,
OF assessments for Improvements, anc
to provide that such taxes and as.
sessments be paid out Of funds arIs.
Ing from the sale Of bonds or the
operation Of such system Of rura
credits. 1t Is further Intended e
permit the legislature to appropriate
out OF such funds, without diserImi.
nation, to all the school districts
towns, counties, cities, villages anc
borouohs Of the state In which suct
lands are located, sums Of none,
not exceeding the amounts which
would have been realized by such GOV.
ornamental subdivisions from the as.
sessments against or taxation of suct
lands II privately owned.
The Effect Of the Proposed Amend.
ment
" adopted, the proposed amend.
ment will enable the legislature. ir
its discretion, to subject real estate
acquired by the state through ths
operation of the system Of rura
credits to taxation and the paymen,
OF assessments, the same as land.
privately owned. The legislature ma,
provide that such taxes and assess.
ments be paid from the rural credi,
funds, or Il may appropriate from
such funds to the school districts
towns, counties, cities, villages anc
boroughs of the state In which suct
lands are located, without discrlmina.
tion, an amount not exceeding wha,
would have been realized by these
governmental subdivisions from as.