The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1884-02-08

q tax by valuation, so that every person or
corporation shall pay a tar in proportion to
the actual valuation of his, her sr is prop
erty, except a. otherwise provided in the
Constitution; also the Legislature may ima
pose license taxes both upon individuals anf~
upon corporations tother than tnnnicipab
doing business ia this State.
Section gives the Legislature Power 10
tax other subjects than those mentioned,
provided it is done in manner consistent
with the principles Of taxation found ia the
Constitution. Adopted as read.
Section 3. The property Of the United
States, the State, counties, cities, towns and
other municipal corporations and public IL.
braries shall be exempt from taxation.
Adopted.
Section elected n warm discussion. It
exempts from taxation lots with their build
ings used solely for religious worship or for
charitable purposes, cemeteries not used or
held for profit, growing crops live stock I'M
der six months old, and all mines and mi ming
claims provided that all improvements, ma
chinery, etc, and the annual net proceeds of
said mining claims shall be taxed ~ provid-
ed by law.
The section was adopted as read.
Section 3. as amended and adopted, Is rs
follows:
Section g. All laws exempting from taxa
ton property other than Is exempted in this
Constitution shall be void.
Section provides that the Legislature
shall not impose taxes for any city, county
rown nr othar y,upicinal ca~uoratin, Int
may invest these bodies with power to i'm
pose taxes on themselves for their own uses.
Adopted as read. o
Section Z as adopted provides that all taxes
levied for State purposes shall DO paid into
the State treasury.
Section provides that the power to tax,
corporations or corporate property, whether
personal or real, shall never be relinqu
or suspended.
Section Is as follows:
Section 9. The rate OF taxation of real
property for State purposes, shall never ex-
coed three (3l mills on each dollar of valua-
ton, and whenever the taxable property of
the State shall amount to one hundred mil
lion dollars tsl00,0O0,0 OOJ, the rate shall not
exceed two (2) mills on each dollar of yalua-
ton, and whenever the taxable property In
the State shall amount to three hundred mil
lion dolaN 1890, OOO, O0O) the rate shall never
thereafter exceed one Q) mill on each dollar
of valuation, unless proposition to increase
such rate, specifying the rate proposed, and
the period during which the same shall be
levied, shall have been submitted to the peo-
Pile at general election, and shall have re -
ceived majority of all the votes cast for or
against it at each election.
Section 10 requires the treasurer to Keep
separate accounts of the funds In his hands,
and that he shall make quarterly reports in
writing to the Governor. There are other
provisions for the ssfe-kesping of funds, ami
! for giving the Legislature power TO lay down
yet other regulations for the same purpose
Adopted without amendment.
Section IL prohibits the making of profit,
directly or indirectly out of public moneys,
or using the same for any purpose not au-
thorized By law, by any public Off Ger, under
penalties to be prescribed by law.
!! Section Il prohibits the Legislature from
| making any appropriation during the, fiscal
year in excess OF the total tax then pro vided
oy law, with certain exceptions.
Section Is provides that private property
shall not be taken or soli for the corporate
| debts OF municipal corporlrionI
Section n provides IA Stats Board of Equal
| ization, consisting OF tho Governor, Score
| tary Of State, Attorney General, State Auditor
aud State Treasurer, whose duty IL shall be
to equalIzr the valuation of the taxable prop
erty Of the several counties of the State for
the purpose of taxation.
Section 10 provides that, with certain ex-
| ceptions, all property shall be assessed In the
county, city, town, township or school dis
trict In which IL Is situated, In the manner
prescribed by law. Franchises, roadways,
roadbeds, etc, operated in more than one
couaty Of this State, are to be- assessed by the
Stat" Board or Equalization, and apportioa-
ed 30 tue lifftrent counties, cities, etc.
Section 10, aS read, was as follows:
Section III. The word property" a. used
in this article, Is hereby declared to Include
moneys, credits, bonds, stocks, franchises,
and ali matters aud things (real, personal
and mixedD capable of private ownership.
To this was added the folio wing: Prortiei,
howeUer, That stock or shares In comp ,nies
or corporations, where property Is situated
and taxed in the State, shall not b taxsl;
but stock or shares In all other companies or.
corporations owned by residents Of other
States, or held OF found within the State
shall be taxed as other property
Section II tthe LAST was adopted without
amendment, after which recess was taken,
until pm. .4".... ...,,y. les
The Convention went into committee of
the whole for the consideration OF General
File No. p, on preamble and bin of rights.
The first twenty.six sections, except sec,
ton 4, Of the bill Of rights were adopted
without amendment. (See Editorial Cor
respondence.") ''@'s "
Section q was stricken out, ~, zig. = O.
The 18th and last section was adopted.
Adjourned until 10 a. IN. Tuesday.