Show t l NORTH DAKOTA HAS NEW LAWt LAWf LAW t f Fanner armer State Will Go Into Bus Busin Business russ ss for Itself Is J. J f r Re Report ort 1 s Bismarck ST ST. D. D March 29 Tho O.-Tho Tho law permitting uio tho ol ot North Dakota D to g go Into business under tho the industrial program of oC the tho National Nonpartisan n league went into effect affect when Governor r recently signed tho bills bUlB Bari- Bari ing homo building budding and flour mill milling InS nr arts are amon among the projects covered In tho ton constitution amendments adopted at the last general election The patent parent pill 1111 creates a state Industrial Industrial Indus Indus- IndusI I trial commission composed of ot tho the governor gov- gov commissioner of ot agriculture and tho attorney general who aro given blanket blanket authority I in est establishing necessary necessary noc- noc essary ry state departments The Tho com com- for tor the the- t mission Is given authority operation of ot d. d l system of or banking un- un der tho the name namo pf t the Bank of ot North Da- Da ko koto ta The banking measure measure provides for tor issuance of or in bonds to fur fur- capital T Tn Tho he system will start whenever hever n the sum Bum of or is Issued issued Is- Is sued by tho state as provided b by law the commission Ion has been delivered to Tho bank become the depository of ot all nIl public funds of ot tho the state countI coun- coun tI titles cities and school districts General General General Gen Gen- and In addItion addition addition ad ad- eral banking is authorized tho the Central State bank will become be be- of or tho reserve como come tho the depository depositor f funds of or several hundred private banks by tho the state These reserves afro aro now held in St. St Paul Minneapolis 1 and Chicago The state bank will have havo charge chargo of or the issuance of ot state stata bonds to finance industrial enterprises and wm act as s sn a n. rural credit bank for tor promotion promotion promotion pro pro- motion of ot agriculture The industrial commission bill blU and tho banking act have havo passed both houses b by tw two thirds majorities which permits tho the Inclusion of or an emergency Clause putting them into Immediate cf- cf Tho The ot other er bills are expected to pass ass eoon soon with tWo th emergency clauses Tho The other league program bills pro- pro ido for or the tho tho ere erection Uon of at terminal elevators ele- ele and flour mills and extend state Credit to all citizens desiring to erect erect domes Other phases of ot tho the program which eliminated taxation on certain improve Improve- improvements ments pro ed state hall insurance on crops state industrial Insurance for tor working men and mn mode mado other changos changes proposed by the State Federation of ot Labor bor The milling milling- me measure authorizes tho the Establishment 1 of at a system of ot ware ware- elevators flour lour mills and factories factories fac- fac I tories tories with which the state will en engage engage engage en- en gage In manufacture and marketing of ot farm products Tho The milling association will be capitalized at nt part lot the money to bo be obtained through certain funds In Yn the state treasury and part through the sale sale- of state bonds w The Home Some Building Association of at North Dakota authorized under the homo home building measure will purchase or build homes bomes or farms for tor citizens on r re- re I of ot 20 per cent payment The reInder re- re Inder may be paid on on nn amortization lion tion plan In from ton ten to twenty years A house costing can be purchased purchased purchased pur pur- chased in twenty years on monthly pa payments ments of 26 28 according to league I members They say ay the act will bring rapid settlement of the states state's idle State owned coal conI mines and packing pack pack- packing pack ing plants also a part of ot the league program were wore not expected to be authorized authorized au au- d at the present session One Ono bill expected to bo be acted upon imposes a a. ono half mill tax to create a n und fund for tor returned soldiers who would bo entitled to 26 25 for tor e each oh month In service Tho The money would be placed In uthe lie home borne building association fund or ore oribe ibe e deposited for the soldiers soldier's tion on oa |