The Yale Expositor

THREE AMENDMENTS
At the election to be held in this state on Tuesday, Nov. 7, 1922, there will be submitted to the electors three proposed amendments to the Constitution of the state as follows:-

A proposed amendment to the constitution providing that Article XIII be amended by adding a section to be known as section 5, to read as follows:
Sec. 5. Subject to this constitution the legislature may authorize municipalities, subject to reasonable limitations to condemn and to take the fee to more land and property than is needed in the acquiring, opening and widening of parks, boulevards, public places, streets, alleys, or for any public use, and after so much of the land and property has been appropriated for any such needed public purpose, the remainder may be sold or leased with or without such restrictions as may be appropriate to the improvement made. Bonds may be issued to supply the funds to pay in whole or in part for the excess property so appropriated, but such bonds shall be a lien only on the property so acquired and they shall not be included in any limitation of the bonded indebtedness of such municipality.

This proposed amendment, if adopted, will empower the legislature to authorize municipalities to acquire land and property in excess of that needed for parks, boulevards, streets, etc., and issue bonds for the payment of same.

A proposed amendment of section 3 of Article X, to read as follows:
Sec. 3. The legislature shall provide by law a uniform rule of taxation, except on property paying specific taxes, and taxes shall be levied on such property as shall be prescribed by law. Provision may be made by law for a tax not to exceed four per centum upon or with respect to the net gains, profits and incomes, from whatever source derived, which tax may be graduated and progressive and which may provide for reasonable exemptions. For the purpose of such tax, property and persons, firms and corporations, upon which such tax may operate may be classified: Provided, That the legislature shall provide by law a uniform rule of taxation for such property as shall be assessed by the state board of assessors, and the rate of taxation on such property shall be the rate which the state board of assessors shall ascertain and determine is the average rate levied upon other property upon which ad valorem taxes are assessed for state, county, township, school and municipal purposes.

This proposed amendment, if adopted, will authorize the enactment of an income tax law providing for a tax of not to exceed four per centum up on net gains, profits and incomes, and providing for the classification of property and persons upon which such tax may operate.

A proposed amendment to Article VIII, by adding section 30, to read as follows:
Sec. 30. The Legislature may provide for the incorporation of ports and port districts, and confer power and authority upon them to engage in work of internal improvements in connection therewith.

This proposed amendment, if adopted, will authorize the legislature to provide for the incorporation of ports and port districts with power to engage in work of internal improvements in connection therewith.