Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1885-10-09
x1.

1NkNOA All
gD0Flsx /. The Legislature shall provide for an
annual tax, sufficient to defray the estimated Or
4nary expenses Of the state for each year, not to
exceed for any enc year two mills on each dollar
OF the assessed valuation Of all taxable property
in the state, to be ascertained by the last asses
msnt made for state and county purposes. And
Whenever it shall appear that such ordinary ex-
pensss shnl exceed the income of the state for
snsh year ne legislature shall provide for levy
ing a tax for the ensuing year, sufficient, with
ether resources of income to pay the deficiency
Of the preceding year together with the estimated
pose Of paying the public debt, the lesislataro
shall provide for ~leyyiny a tax annually, .%sufiic-
lent to pay the annual interest and the principal OF
sage Of the law creating the debt. provided that
the annual tax for the payment of the, interest
and principal of the PUBLIC debt shall not ez-
coed in any, one year two mills on each dollar of
the assessed valuation of all taxable property in
the state as ascertained by the last assessment
made for state and county purposes:
SEC; 2. All taxes to BIO raised in this state
shall be uniform on all real and personal prop
erty, according to its value in money, to be ascer-
tanned by such rules Of appraisement and assess
ment as may De prescribed by the Legislature by
general law, so that every person and corpora
ton shall pay a tax in proportion TO the valus Of
his, her or its property.
And the legislature shall provide by general law
for the assessing and levying of taxes on all cor
pOratlOn property, as rear as luay he BY the same
methods as are provided for the assessing and
leyying of taxes on individual property.
SEQ. 5. The power to tax corporations and
corporate, property shall not be surrendered or
suspended by any contract or grant to which the
state shall be a party.
Bee; 1. The legislature shall provide for tax
ing all moneys. credits, investments in bends,
stocks. JOINT stock companies. or otherwise; and
also for taxing the notes and bills discounted or
purchased, moneys loaned, and all other prop
erty, effects or dues of every description, Of I'LL
nan S and nf all kHlnF1ra SO that all ,,rprnr<,.
employed in banking shall always be subject toa
~taxation equal to that imposed on the property Of
Individuals.
sEc.5 5. The property OF the United States and
OF the state, county and municipal corporations.
both real and personal, shall be exempt from
taxation.
SEC. 6. The Legislature shall, by general Inv
exempt from taxation property used exclusively
for agricultural and horticultural societies, for
schools, religious, cemetery and charitable pul-
poses, and personal property to any amount not
exceeding in value two hundred dollars for each
individual liable to taxation.
b Z. All laws eAenptinsp property from taxa
do9, other than that enumerated in ~sectione five
and six OF this article, shall be void.
SEC. 8. No tax shall be levied except in pu-
snance of a law, which shall distinctly state tie
object q tbs same, to which the tax only ehan
SEC. =. AL taxes levied and collected for state
purposes shall DO paid into the state treasury.
No indebtedness shall be incurred or money ex-
Yendcd by the state, and no warrants shall he
drawn upon the state treasury except in pErsu.
ance Of an appropriation for the specific pur-
pose first made. The legislature shall provide
ny suitable enactment for carrying this section
into effect.
SEQ. 10. The legislature may vest the corporate
authority of cit;ae, towns and villages, with power
TO make local improvements by special ta%xation
OF contiguous properly or otherwise. For Ill
corporate purpose all municipal corporations
may be vested with authority to assess and col
lect taxes; but such tax shall he uniform in re-
s,peCt to persons and property within the juris-
C1CtlO0 OF tho hO3y IavviOr tho oor,a d.
Sec, II. The making of profit. directly OF in
directly, out OF state, county, city, towr or school
district money, or using the same for any pur-
felony and shall DO published as provided by
law. ~
SEC. II. An accurate statement Of the rece;pts
ana expenditures Of the public moneys shall b
annually, in such manner as the II gis-
hture may provide,