The Ely miner., 1942-10-15
Proposed
Amendments
to the
Constitution
Minnesota
To be submitted at 1912
General Election
STATE OF MINNESOTA
LEGAL DEPARTMENT
To be submitted at 1912
General Election
STATE OF MINNESOTA
LEGAL DEPARTMENT
]. A. A. BURNQUIST
Attorney General
st. Paul. Minnesota. January 20, 1912
Honorable Mike Holm
Secretary of State
State Capitol
st. Paul, Minnesota

Secretary of State
State Capitol
st. Paul, Minnesota
lear Sir:
In compliance with the provisions OF
he l941 Supplement to MasOn's Mime
ota Statutes of 1927. Section 46. 1 make
his statement of the purpose and effect
( the amendments proposed to the con-
titution of Minnesota to he voted on at
he November 3. 1912 general election in
ccordance with Laws 1941. Chapters III
nd 555.
PROPOSED AMENDMENT NUMBER
BY the enactment OF Laws 1871, Chap
er III, the legislature has proposed an
mendment to Article 8. Section 6, of the
onstitution.
This section now reads as follows:
THE permanent school and univer-
sity fund of this state may he invest
ed in the bonds of any county, school
district. city, town or village of this
state, and in first mortgage loans Sc
cured upon improved and cultivated
farm lands of this state. But no such
investment or loan shall be made un-
til approved by the board of commits
sioners designated by law to regulate
school fund and the permanent uni
versity fund of this state; nor shall
such loan or investment he made
when the bonds to he issued or pur-
chased would make the entire bonded
Indebtedness exceed Is per cent of
the assessed valuati ton of the taxable
property of the county, school dis
trict, city, town or village issuing
such bonds: nor shall any farm loan
or investment be made when such
investment or loan would exceed 80
per cent Of the actual cash value of
the farm land mortgage to secure
said investment, nor shall such in
vestments or loans he made at a
lower rate of interest than per cent
per annum, nor for a shorter period
than five years, nor for a longer
period than thirty years. and no
change of the town. school district,
city, village or of county lines shall
relieve the real property in such
town, school district, county, village
or city in this state at the time Of
issuing of such bonds from any liza
bility for taxation to pay such bonds"
If amended as proposed by the Iegisla-
ure, this section will read as follows:
1.-The permanent school. permanent
university and swamp land funds of
this state may he loaned to or invest
ed in the bonds of any county, school
district, city, town, or village of this
state and in first mortgage loans Sc
cured upon improved and cultivated
farm lands of this state. hut no such
investment or loan Sndll ne DldOe
til approved hy the hoard of commits
sioners designated by law to regulate
the investment of the permanent
school fund and the permanent uni
versity fund of this state; nor shall
such loan or investment he made
when the bonds to be issued or pur-
chased would make the entire bonded
Indebtedness exceed Is per cent OF
the assessed valuation of the taxable
property of the county,. school dis
trtn oif fU
such bonds; nor shall any such farm
loan or investment he made when
such investment or loan would exceed
30 per cent of the actual cash value of
the farm land mortgaged to secure
said investment; nor shall such IN
veStments or loans be made at
lower rate of interest than two per
cent per annum, nor for shorter
period than one year nor for longer
period than 30 years and no change
of the town. school district, city, viii
lage, or county lines shall relieve the
real property in such town, school
district, county, village or city in this
state at the time of issuing such
bonds from any liability for taxation
to pay such bonds.
PURPOSE AND EFFECT
The purpose and effect of this proposed
amendment is to reduce the rate of in
crest at which certain of the states per-
nanent trust funds may be loaned to, oI
invested In the bonds of any county, city
,iIaqe, town, or school district in the
state from three per cent per annum tc
wo per cent per annum; also to reduce
he minimum term for which such loans
md investments may be made from five
years to one year. and also to Include the
swamp land fund among the states trus
funds which may be so loaned and In
vested.
PROPOSED AMENDMENT NUMBER
ha Of
.er SOS, the legislature proposed ar
amendment to Section Sc of Article ~ o
he constitution and required its propose
20 he stated on the ballot thus:
Shall Article ", Section SO. of the
constitution be amended so as to SIM
plify and reduce the expense of pub
fishing amendments to home rule
charters of cities and villages?"
The part of the section in which
change is proposed now reads as follows
"' Such charter so deposited
may be amended by proposal therefor
made by a board of fifteen commits
sioners aforesaid, published for at
least thirty days in three newspapers
of general circulation in such city or
village, and accepted by three fifths
of the qualified voters of such city or
village voting at the next election and
not otherwise; but such charter shall
always be in harmony with and SUBJ
the state of Minnesota
If amended as proposed by the legisla
lure, the same part of this section viii
read:
"' Such charter so deposited
may be amended by proposal therefor
made by a board of fifteen commits
sioners aforesaid. published for at
least once each week for four sue
cessive weeks in legal newspaper of
general circulation in such city or
cd hxy H..
of the qualified voters of such city or
village voting at the next election
and not otherwise; but such charter
shall always be in harmony with and
subject to the constitution and laws
of the state of Minnesota. ."
PURPOSE AND EFFECT
The purpose and effect of the propose
amendment is to require publication G
to home rule charters ono
each week for four (4) successive week
In legal newspaper of general circuia
tion In such city or village instead G
publication In three (3) newspapers
General circulation In such city or viIaq
Quired.
There are many cities and village
whicn do not have three local newspa
pers. In such cases, under the presen
provision, publication must be made |
newspap pers printed elsewhere and circu
lating locally. u the proposed amend
ment Is adopted, publication will be re
quired in only one % qualified newspape
four (4) times, thereby reducing the diff
Guilty and expense of amending home rul
charters.
Very truly yours,
j. A. A. BURNQUIST,
Attorney General.
Measuring Not Much
Tho ~,