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

from sales or other disposition OF
lands or other property, granted or
entrusted to tins state In each
township for educ atlohai purposes.
shan forever be preserved inSiolate
and undlnninishsd; ard the income
arising from the tease or sale Of
said school land shan be diStributed
TO the different townships through
out the state, ~ proportion 20 the
number Of scholars In each town
ship, between the AGES Of I'VE and
tNenty ore years; and shali be
faithfully applied TO the spec nc OBJ
leets o, the original grants or SO
proprlationS
"A revolving fund OF not over
two hundred hfty thousand dollars
$3.50 .oool may be set apart from
the fund derived from the sale OF
school and swamp lands. TO be used
IN constructing roads, bitches and
hre breaks IN, through and around
unsold school ana swamp lands and
N clearing such lands, such fund
TO be repIsnlshed az Tong as needed
from the enhanced value realized
from me sale OF such lands so bens.
ftsd.
Suitable laws snail be enacted
by the legislature for the safe ~
Sestrent Of the principal OF all
funds which have heretofore arisen
or which may hereafter arise from
the sale or other disposition Of such
lands. or the income from such
lands accruinp In any way before
the sale or disposition thereof. In
interest bearing BONDS Of the
United States, or Of the State Of
Minnesota, issued after the year
one thousand eight hundred and
SIXTY ts6o). or Of such other state
as the legislature may. by law.
from time TO time direct.
IAN swamp lands now held by
-
accrue 20 the state. shall be an.
praised and sold IN the same man.
ner and by the same officers. and
the minimum price shall be the
same less one third 20, as 10 pro.
Nided by law for the apprSiSsment
ana sale OF the school lands under
the proHis ons OF title enc a. OF
chapter thirty eight t3al OF tho
General Statutes. The principal Of
all funds derived from sales OF
swamp lands, as Aforesaid. shan
forever be preserved inVioiate ard
undi unfinished. One haN Cyl OF the
proceeds OF said principal shan be
appropriated to the common school
fund OF the state The remaining
one haf & - shan Re APPROPRIATED
20 the educat onal ard charitable
Institutions Of the State IN the rela.
tive ratio o. cost 20 support said
institutions"
tn" purpose Of the proposed amend.
mo nj Is to eliminate the present above
referred TO revolving fund prov ided for
IN said Article VIII. Section 2; to re-
move the present restrict nns which
would require entire proceeds of the
sa'e ~ state trust lands to teUain per.
petual trust funds to authorize the de.
du,ti"n VI a reasonable cost Of admin.
iHtraiion. conservation. and develop.
mCnt from the proceeds Of the use. sale
or other disposition OF lands and pro.
VT" that such proceeds less such
deduction shall constitute met pro.
Ceeds 90 st aside as perpetual trust
funds I5Ss Of such net proceeds TO IS.
iahllgh new revolving fund to be
known rs tho forestry revolving fund
by paying into that fund 25T Of 81, h
net proceeds, and 10 permit the cost
~ administration Of the income from
the principal 10 be deducted before the
d yirihuttOu Of such Income
The effect Of the adoption OF the pro
posed amendment would be the fol
lowing
sonHbIe cost Of administration. Couser.
walton and development and from In.
come from principal. OF cost OF admin.
istratiun would he authorized
90 seventy -tlNe per cent Of the net
proceeds from the sale or other dispo-
sitlon OF lands belonging to the four
funds referred 10. would remain a. per
prtuaI trust funds The other twenty.
ave per cent Of such net proceeds would
he paid into newly created forestry
revolving fund. The principal therein
and the interest therefrom would he
used to promote forestry manage
nent and production program and to
such manner az the legislature may
provide
~ The principal Of each OF the fou,
'ggds hereinhefore referred TO could he
Invested in bonds Of the United States,
the state OF Minnesota and It's political
subdivisions, and bonds OF other states
rs may lie provided BY law.
" The income from Investment OF
the principal In the funds heTeinbrfoTe
to. after dvducting the cost of
adm n,stTation would be appOr,ioued as
'OliuWs: From the school fund to the
public schools. from the university
fund. TO the University Of Minnesota
from the swamp hand fund. one halt
to the pubic schools and one half TO
Inc charitable ami educational institu.
tons OF the state. and. from the inter.
nal Improvement fund, as provided BY
law.
Very truly yours
JAAB SIN }. A. A. BCRSCUlST.
Attorney General
Secretary 20 state
State Capitol
81 PAM, Minnesota
Dear Sir
Pursuant to Minnesota Statutes Is4s.
Section 12l, there - transmitted to
requirements % sud statutory pTuVi.
sion, a statement a. the purpose nd
eject OF the proposed amendment to
A rtlCle TX. 5 o. the COnstI tuition Of me
state Of Minnesota. The propose 81
amendment Is 10 be submitted at the
THIS amendment vas enacted by Laws
1919. chapter ~.
In Article IN. section s Of the Mime.
sota constitution there IN Included .
provision Te'ailng TO the distTibut on
~ the proceeds 81 an excise tax on
petroleum products which reads a.
"'ss an5 shan place two .thIrds
Of the proceeds o. such tar In the
Trunk highway Fund prosided for
IN Section o. SAID Article 70. ara
ore third thereof N the state Road
And Bridge Fund. ara further es.
espt IN eases where grants OF land
or other property shan have teen
made 20 tire state, especi ally dedi-
Gated BY the grant 70 specific puT.
poses, ara IN such cRses tire state
shau devote thereto tire sssils %
such grants. ard may pledge or
appropriate the rsSsn0ss derived
from such works IN 40 o. their
conipistion."
The adoption ~ that Amendment
proposed under Laws 1919, Chapter
'I5. would change the above quoted
provision 10 read as f0'lows
- ara ahaH pIaes ere .har
o. the proceeds % such taH ~ tire
Trunk highway Fund provided for
IN Section z o. said Article g. Ap.
portion for read ard street pr.
poses on tire basis o. popuiAt.or So
- - -
population, according 20 tire latest
sSaiiabEs federal census, ana a.
thereof 70 tire State poad ARD
Bridge Fund. ara further. sEespt
~ eases Wscrs grants o. lsnd or
ether property shaH have teen
mace 20 ire state, especially sedi.
Gated ~ ths orart TO specific or.
posea. Gno N sueh CaSss tire state
shaH assots thereto TIRE awaits ~
sYeh erartS. anJ may pledge oF
apprppdats tire revenues derived
frOrr sVsh sorEs 10 aid % Their
eaopieton,"
IRE purpose - the amendment 70 70
'hAnge the method 81 dis,rtbgtion q
- nrDresds q the sNCtss taN - noN
Nv AFticle TX SECTION o.
he state Constitution TIE eNsy' soBId
- that after tire adoption Of tho
'ueEinnent instsaf ~ the pgsasn, dis-
rtbufiun % r~o-thirds ~ tire tau %
he Trunk Highway Furd Ard 0ne-
hird e the STATE Road anA RrisiRs
Sund, the disfFfbutirn Eouh - rnaHS
n tho f5iiBwt-E uiarusr.
~ nne-han 20 ths Truns hiEhWAy
FGni
80 &C would ~ Rug0Ttk7nei To- fuad
ri street pgrpnses on tie basts a.
,opgI iatiaa % ritt.s - over - 60 30
iiattuu srrpFutnE 10 the latesi fsssrai
'srsas tg1rea
IA me rrn,aiutnE uE would a.
,taced Ia tire state Rad and BstsiEs
fshA
Ven truly yssrs
LAB nam J. A. A. BURNQJlsT.
Att0rnsy Genera