Western liberal. (Lordsburg, N.M.) 1887-1919, 1889-10-25
books, apparatus or furniture used in the
public schools.
ASSESSMENT AND TAXATION.


taxation shall be uniform, and taxes shal
be LEVIED upon such property as the lsgis
lature shall prescribe, except as otherwis,
herein provided.
Sec. 2. The legislature shall provide at
each regular session for raising sufficient
revenue to defray the current expenses o.
the state for two years.
Sec. 3. The legislature shall not levy in
any one year a greater rate of taxation
than per centum on the value of taxable
property within this state, except to repel
invasion or suppress insurrection.
Sec. 4. The legislature shall have DOW.
er to levy taxes upon particular articles
and occupations, which shall be uniform
as to the class of persons and property up
on which they operate.
Sec. 5. The legislature may also i'm.
pose tax upon all incomes in excess oI
$4,000 year
Sec. 5. The stock of any company OF
corporation shall not be taxed without
making a proportionate deduction for any
property OF that company or corporation
which has been taxed.
Sec. The legislature may provide fol
the levy and collection of an annual poll
tax of not more than 81 on each poll,
which shall be applied to the support Of
public schools in the school district in
which it is levied and collected.
Sec g. There snail be a state board oil
equalization, consisting Of the governor,
secretary of state, auditor of public ac
counts, state treasurer and attorney gen
eral. The duty of the state board oi
equalization sLall be to adjust and equal.
ize the valuation of real and personal
property among the several counties of the
state. Such board shall also perform such
other duties relating to taxation as may be
prescribed by law.
Sec 9. The legislature shall have no
power to release or discharge any county,
city, town, township, school district Or 9TH
er municipal corporation or sub division Of
the state from its proportionate share Of
taxes levied for any purpose, except by a
four-ffths vote.
EXEMPTIONS FROM TAXATION.
Sec. 10. The property of the state and
Of all counties, towns, cities and school
districts, and other municipal corporations
and public libraries, also lots with the
buildings thereon when said buildings are
used solely for religious worship, or edu-
cational or charitable purposes. and all
cemeteries not used or held for private or
corporate profit, shall be exempt from tax
alton. Mining claims before patent shall
be taxed only upon the gross output in a
manner to be prescribed by law.
Sec. H. The power to license and tax
corporations or corporate property shall
never be relnqushcd by the state or any
subdivision thereof.
Sec. H. The legislature may exempt
from taxation to each head Of family
property to the amount of $500.
Sec, IS The state shall incur no debt
for any purpose whatever, including exist
ing Indebtedness, in excess of the amount
of $500 600; bat this shall not be con-
structed to impair or affect the liability of
the state for debts of the territory OF New
Mexico and 10 municipal corporation or
quasi-munlcipal corporation iu the state
shall incur any debt, including indebted
ness for any purpose whateyer, in excess of
3 percentum of the taxable property with
in the limits of such corporation as shown
by the last regular assessment for the pur-
pose of taxation. But this shall not be
construed to impair or affect the liability
of any such corporation for any existing
indebtedness.
Sec. IA. The credit of the state or any
subdivision thereof shall not be granted
to or in aid Of any person, association or
corporation, nor shall the state assume the
debts or Liabilities of any county, city.
town, township, school district or other
corporation or subdivision Of
the state,
Sec. Is. No money shall be drawn from
the treasury except in pursuance of specific
appropriation made by lawi and laws max
ing appropriation shall contain provisions
On no other subject, but if such provisions
are inserted IN any such law the whole law
shall not be thereby rendered void, but
only so much thereof as is hereby forbid
den shall be considered of 40 effect.