Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1942-10-15
Proposed
Amendments
to the
Constitution
Minnesota
To be submitted at 1912
General Election
STATE OF MINNESOTA
LEGAL DEPARTMENT
]. A. A. BURNQUIST
Attorney General
st. Paul. Minnesota, January 20, 1943
]. A. A. BURNQUIST
Attorney General
st. Paul, Minnesota, January 20, 1919

Mike HOLM
Secretary of State
State Capitol
St. Paul. Minnesota
Dear Sir:
In compliance with the provisions o
the 1941 Supplement to Mason's Mime
sofa Statutes of 1927, Section As, l max
this statement of the purpose and effec
stitution of Minnesota to be voted on a
the November 3, 1912 general election II
accordance with Laws 1941, Chapters IL
and SIS.
PROPOSED AMENDMENT NUMBER
By the enactment of Laws 1941. Chap
ter Ill, the legislature has proposed al
to Article 8. Section 6. of tn
This section now reads as follows:
THE permanent school and un'ver-
sity fund Of this state may be 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 be made
when the bonds to be issued or pur-
chased would make the entire bonded
the assessed valuation 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
Nanf nf tho actual ach UQlI1o NJ
the farm land mortgage to secure
said investment, nor shall such in
vestments or loans be made at q
lower rate of interest than 3 per cent
than five years. nor for . 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
issuing of such bonds from any liza
bility for taxation to pay such bonds"
II amended az proposed by the legisla
rure, this section will read as follows:
THE permanent school. permanent
university and swamp land funds of
thiS state may be loaned to or invest
ed IN the bonds OF any county. school,
district. city. town. or village of this
cured upon improved and cultivated
farm lands of this state. but no such
investment or loan shall be made un-
til approved by 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 be made
when the bonds to be issued or pur-
chased would make the entire bonded
Indebtedness exceed Is per cent of
fha occoccod l,,o ~ ha IN 10
property of the county. school dis
trict, city, town, or village issuing
such bonds; nor shall any such 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 mortgaged to secure
said investment; nor shall such in
vestments or loans be made at q
lower rate of interest than two per
cent per annum. nor for a shorter
period than one year nor for a longer
period than 80 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
bonds from any liability for taxation
to pay such bonds"
PURPOSE AND EFFECT
Tho purpose and effect of this proposed
is to reduce the rate Of in
crest at which certain Of the states per-
nanent trust funds may be loaned to, OF
invested In the bonds Of any county, city
tate from three per cent per annum q
wo per cent per annum; also to reduce
he minimum term for which such loans
Ind 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 :
By the enactment of Laws 1871, Chap.
er 555. the legislature proposed ar
to Section IS Of Article Nv Of
he constitution and required its proposal
o be stated on the ballot thus:
Shall Article Nv. Section 36. Of the
constitution be amended SO as to sim
fishing amendments to home rule
charters of cities and villages?"
The part Of the section in which q
mango Is proposed now reads as follows
80 Such charter so deposited
may be amended by proposal therefor
made by q board Of fifteen commits
sioners aforesaid. published for at
least thirty days In three newspapers
of general circulation in such city or
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 sub
ject to the constitution and Avs Of
the state of Minnesota ."
II amended as proposed by the fegisla-
ure. the same part of this section viii
cad:
go Such charter 30 deposited
may be amended by proposal therefor
made by q board Of fifteen commits
sioners aforesaid. published for at
least once each week for four sue
cessive weeks in a legal newspaper Of
general circulation in such city or
village. and accepted by three-fifths
Of the qualified voters Of such city or
and not otherwise; but such charter
shall always be in harmony with and
subject to the constitution and laws
of the state of Minnesota. . 90
PURPOSE AND EFFECT
The purpose and effect Of the proposed
10 to require publication Of
to home rule charters once
aeh week for four (4) successive weeks
= ia . legal newspaper Of general eIrevia;
publication In three (a). newspapers d
General circulation In such city or VILLAGE
or at least thirty (3o) days ~ now re-
|utred.
There are many cities and villages
which do not have three local newspa-
'rovIslon, publication must be made In
IeWspapers printed elsewhere and circu.
atino LEGALLY. II the proposed amend
nent is adopted, publication will be re.
lulred In only one a. qualified newspaper
our ~ times. thereby reducing. the dIffl-
uity and expense Of amending home rule
very truly yours,
=. !. A. a. eURNouIsT.
-. -. Attorney General j..