The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1932-10-13
Tn. En.e. of the Proposed Amend.

The Effect Of the Proposed Amend.
The effect of the proposed amend.
ment, IL adopted, will be to abrogate
the constitutional requirement that
school and swamp lands be disposed
Of only by public sale, and will per.
NIT the legislature to authorize the
exchange of such lands for lands Of
the United States, with the approval
governor, the attorney general and
the state auditor. All mineral and
water and water power rights In
lands so Transferred are reserved to
the state. The proceeds Of sales o,
federal lands so acquired by exchange
would be subject, under the proposed
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
constitution. authorizing the ex-
change of public lands of the
state for lands of the United
States, as the legislature may
provide.
YES ............
NJ .............
PROPOSED AMENDMENT NO. 4
By the adoption of Laws 1881, chap
ter 419, the legislature has proposed
an amendment to article 8, 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
Individual ocCnNia ffnn
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 (1O of article nine (9)
Of the Constitution adopted
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-
tate bonds to provide money to
be so loaned. The limit Of in
debtedness contained in section
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"
II the proposed amendment Is adopt
ed, the section will read 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-
ports to be an amendment to sec
ton ten (10) 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
purpose of developing the agri-
cultural resources of the state,
the state may establish and main
tain 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
HNyN o.
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-
cipal subdivisions thereof may be
given or loaned as herein pro-
vided are declared to be public
purposes.
1.-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
arising from the sale 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 II privately owned"
The Purpose Of the Proposed Amend.
BY reason Of the operation Of the
Department Of Rural Credit the state
Of Minnesota has acquired title TO q
large amount Of improved farm lands.
Property owned by the state IL not
subject to taxation. The purpose OF
this proposed amendment Is to give
the legislature constitutional author.
lty to subject lands acquired through
the operation OF the system Of rural
credits to taxation and the payment
OF assessments for Improvements, and
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 rural
credits. It is further Intended 60
permit the legislature to appropriate
out OF such funds, without discrimI-
nation, to all the school districts,
towns, counties, cities, villages and
borouohs Of the state In which such
lands are located, sums Of money
not exceeding the amounts which
would have been realized by such uov.
ornamental subdivisions from the a..
sessments against or taxation Of such
lands " privately owned.
The Effect OF the Proposed Amend.
ment
u adopted, the proposed amend :
ment will enable the legislature, In
Its discretion, to subject real estate
acquired by the state through the
operation OF the system Of rural
credits to taxation and the payment
OF assessments, the same as lands
privately owned. The legislature may
provide that such taxes and assess.
rnents be paid from the rural credit
funds, or II may appropriate from
such funds to the school districts,
towns, counties, cities, villages and
boroughs of the state In which such
lands are located, without discrImina.
t1on, an amount not exceeding viii AZ