St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1950-10-20
June 8. 1850

honorable Mike Holm June g. 1850
Secretary OF State
CAPITOL
Dear Mr.. Holm:
Pursuant to Minnesota Statutes ls49,
III, there Is transmitted to you here
with, in accordance with the require
ments Of said statutory provision. q
statement OF the purpose and effect OF
the amendment proposed by l.. 1919, c.
The proposed amendment relates 10
the repeal Of Article ~. Section 80 OBJ,
OF the Constitution OF the State Of Min
nesota and the modification OF Article
VIII, Section 2, thereof. 80 as to pro-
vide the manner Of the disposition OF
the principal and Interest from the net
proceeds Of the use. sale. or other dis
position OF all (statel lands"
Inc -FOUR present state funds involved
IN the consideration OF the proposed
amendment are known as the Internal
Improvement fund, the school fund the
university fund. and the swamp land
tund. Provision for the creation OF an
additional fund. to be known generally
as the forestry revolving fund Is con-
tanned In the proposed amendment.
The internal improvement fund In
now governed by the provisions OF Ar
tiCe ". Section 81 Cb). OF the Consti-
tuition OF the state Of Minnesota. This
section, 80 90. which would be re-
pealed ~ the proposed amendment In
adopted. reads as follows:
"All lands donated TO the State
OF Minnesota for the purpose Of In
ternal improvement, under the
eighth section OF the act Of Con.
sress, approved Septer ber fourth,
eighteen hundred and forty one,
being An act to appropriate the
proceeds OF the sale Of the public
lanes, and to grant pre- EN- ptlon
rights, shall be appraised and sold,
In the same manner and by the
NJ kA laas
price shall be the same as 10 pro.
Vided by law for the Advertisement
and sale Of the school lands, under
the provisions OF the title one 90,
chapter thirty eight. Of the General
statues, except the notifications
hereinafter mentioned. All moneys
derived from the sales OF said lands
shall be Invested in the bonds OF
the United States, or OF the State
OF Minnesota issued since 1850; and
the moneys so invested shall con-
Stitute the Internal Improvement
Land Fund Of the State. All moneys
received by the county treasurer
under the provisions Of title one
%. chapter thirty eight 1857,
aforesaid, derived from the sale OF
Internal Improvement lands. shall
be held at all times Sublec to the
order and direction OF the state
treasurer, for the benefit OF the
fund TO which II belongs; and on the
and at such other times as ne may
be requested so 10 do by the state
treasurer, he shall pay over to the
said state treasurer all moneys re.
eeiNed on account o. such fund.
The bonds purchased IN accord.
ance with this amendment shall be
Transferable only upon the order Of
the governor. and on each bond
shall be written 'Minnesota Internal
Improvement Land Fund OF the
State, Transferable only on the or.
der OF the governor
The principal sum from oil sales
OF internal Improvement lands shall
not be reduced by any charges or
costs Of oftesrs, BY fees, or by any
other means whatever and section
tfty (sol, Of title one %, chapter
thirty eight 1881, OF the General
Statutes, shan not be applicable TO
the provisions OF this amendment,
and wherever the words school
read as applicable TO this amend.
ment, Internal Improvement
Lands
"Ths moneys belonging to the In.
ternal Improvement Land Fund
shat not be appropriated for any
purpose whatever until the enact.
ment for that purpose shan have
been approved by a majority Of the
electors Of the State voting at the
annual general election following
the passage OF the act.
The force OF this amendment
shSH be TO authorize the sale OF the
Internal Improvement lands. with
out further legislative enactment"
The present Article VII. Section z,
OF the Constitution relates TO school
land funds and swamp land funds II
The proceeds Of such lands q.
are or hereafter may be GRANTED by
the United states for the zee Of