Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1950-10-13

hou"rahte Mike Holm June 9. 1850
-, :, larry OF state
CAPITOL.
bear Mr. Holm
Pursuant to Minnesota Statutes 1919,
a2i. there 10 transmitted TO you here
With. In accordance with the require
menis Of said statutory provision. q
statement Of the purpose and effect OF
7IS ''"' ''0''''' " L. 1879 G.
The proposed amendment relates to
the repeal Of Article ", Section 80 tb),
OF the Constitution OF the state Of Min
nesutB and the modification OF Article
VII, Section 2 thereof 50 as to pro-
vide the manner Of the disposition OF
the principal and interest from the net
proceeds Of the use, sale. OF other dis
Dosllion Of all 'stateb lands,
tn" four present state funds involved
IN the consideration ~ the proposed
amendment are known az the internal
impruN Cment fund. the school fund, the
university fund and the swamp land
fund Provision for tho creation Of an
add uousl fund To be known generally
a. the forestry revolving fund. Ii con-
tanned In the proposed anne udmeHt
The internal improy snt fund In
now governed by the provisions Of Ar
tiClc ~ Section - TO. 81 the COnstI-
tuition Of the state 81 Minnesota This
section, 81 90. which would be re-
pcaled " the proposed amendment 10
adopted. reads ss follows
IAN lands donated 20 the state
Of Minnesota for tire purpose OF In.
tsrnAi Improvement, under the
eiphth section o. the act OF Con.
pTsss, approved September fourth,
eighteen hundred ard forty ere,
being An act TO appropFi ate the
proceeds Of the safe Of the public
LANDS, ana 20 grant pre- err ptloa
rights. shaii be appraised and sold.
IN the same manner ana BY the
same orteers, and the minimum
IL
Nided by law FOR the appraissmsnt
ara sale Of the school lands. under
the proNtsioHs 81 the title ore 40,
chapter thirty eight, Of the General
Statutes. except the rodiheations
hsreiNafter mentioned. Al moneys
derived from tire sales Of said lands
sNaH % invested IN the bonds of
the United states. Or 81 tire state
o. Minnesota issued since 1850: ard
the moneys so invested shan con.
sttuts the internai improvement
Land Fund Of ths state. Al moneys
received by the county treasurer
under the provisions o. title one
90. ehaptsr thirty stqht l3sl,
Aforesaid, derived from tire sale %
tntsrnal Improvement lands. shah
bs held a. al times suhlee 10 the
Greer ara direction % tire state
treasurer, FOR tire bsnsht % tire
turd 90 which u belongs: ara on the
Nftesnth day o. June IN each year,
be requested sc 90 DO by the state
TREASURER, ne shau pay ever 70 the
SAD stats treasurer al Moneys 70.
esiNsd on account % such fSnd,
The bends purchased ~ accord.
aNcs Sith thia amendment shan Be
transferable only upon tire order 81
TIE governor, ara en- each bond
shan be written 'NiHnesota Interval
Improvement Lard Fund % tire
state. transfsraels e7y on the or
der 81 tire 1oSeFnoF.'
-Ths oTirsi SaI GUr, 'reru on safes
- tnssrrai Improvement iansS shah
rot Dc reduced by any charges Or
casts - 5ficsrs, ~ tees, o. BY airy
otNsr means NhstsNer; ara section
.t'y tsel; q Ute o.s - ssss
StAtgtsa. GhhH Mt be AppitcAbls 20
tire pFovisiora ~ this amendment,
AHd wherever tire words school
taada' are Used ~ sad title. % shau
read - aPpiieahis 10 thls arnsn5.
msHt. 'IStsrsa IueroSsmsHs
sTns rnoasys bsisaSiro 70 the IN.
terahl InproNsment Land Fund
chan net bs sppropTtatsd Tor ary
pvrposs whatever unth ire enact
sssnt tSr that pUrpsss shsn have
s ssss ssV :; *. s.sss sSS'Ts a. re
aHruAl general sisStt0H toiho~tna
tns passage % tee act
~Ths teres % ths assesdnaent
shsn ~ 70 agthsrtTs tire sale ~ tire
tntsrnsi irapreSessat t1nss. sth.
60 tartnsr tea .siative srsctnsset-~
The present kFjici~ VIVA SeCtion Z
% the CoBstitut'ou relates % senool
land fuads sad swamp snd hSHds. u
-rhs VrSSssas ~ saSh tands a.
s q: e Ss s;.:'i sssss. so ~ = *. -.