The Lehi banner. [volume] (Lehi, Utah) 1891-1917, 1895-05-09


when the property of such company or
corporation represented by such stocks
has been taxed. The Legislature shall
provide by law for an annual tax suft-
cient, with other sources of revenue, to
defray the estimated ordinary expenses
OF the state for each fiscal year. For the
purpose OF paying the state debt, II any
there be, the Legislature shall provide
Tor leVying tax annually, sufficient
to pay the annual interest and princi-
pal of such debt within twenty years
from the final passage OF the law Gre
ating the debt.
Sec. D. The Legislature shall provide
by law uniform and equal rate of as
sessment and taxation on all property
In the state, according to Its value In
money, and shall prescribe by general
law such regulations as shall secure a
Just valuation for taxation of all prop
erty, so that every person and corpor-
alton shall pay tax in proportion to
the value OF his her or it's property;
provided. that deduction Of debts
from credits be authorized; provided.
further. that the property OF the United
states. of the State, counties, cities,
towns. school districts, municipal cor
porations and public libraries. lots with
the buildings thereon used exclusively
for either religious worship or charita-
BILE purposes, and places of burial not
used or held for private or corporate
benefit. shall be exempt from taxation.
used by individuals or corporations for
irrigating lands owned by such individ-
uals or corporations, or the individual
members thereof. shall not be separate
~ taxed 80 long as they shall be owned
and used exclusively for such purpose
Sec. 4. All mines and mining claims
both placer and rock In place, contain
ing or bearing gold, silver, copper, lead.
coal or other valuable mineral deposits,
after purchase Thereof from the United
haI 10. al a
the United States therefor, unless the
surface ground, or some part thereof
OF such mine or claim, is used for other
than mining purposes, and has a sep
arate and Independent value for such
other purposes: in which case said sur
face ground, or any part thereof, so
used for other than mining purposes.
shall be taxed at its value for such
other purposes as provided by law;
and all the machinery used in mining,
and all property and surface improve
ments upon or appurtenant to mines
and mining claims which have a value
separate and Independent OF such
mines or mining claims, and the net
annual proceeds of all mines and min
ing claims, shall be taxed as provided
by law.
Sec. 8. The Legislature shall not i'm
pose taxes for the purpose of any coun-
~. city, town. or other municipal cor
poration, but may, by law, vest in the
corporate authorities thereof, respec-
lively, the power to assess and collect
taxes for all purposes of such corpora
ton.
Sec. g. An accurate statement OF the
receipts and expenditures of the public
moneys shall be published annually in
such manner as the Legislature may
provide.
Sec. :. The rate Of taxation on prop
erty. for State purposes. shall never
exceed eight mills on each dollar of val
uation. and whenever the taxable prop
erty within the State shall amount to
two hundred million dollars, the
rate shall not exceed five mills
on each dollar of valuation; and |
whenever the taxable property within |
the state shall amount to three hun |
dred million dollars. the rate shall |
never thereafter exceed four mills on |
each dollar of valuation: unless a prop |
osition To Increase such rate, specifying |
the rate proposed. and the time during |
which the same shall be levied. be first |
submitted to vote of such of the |
qualified electors of the State as I'm the |
year next preceding such election, shall |
have paid "a property tax assessed to |
them within the State, and the major |
ity of those voting thereon shall vote |
In favor thereof. In such manner as |
may be provided by law.
Sec. :. The making of profit out of /
public moneys. or using the same for |
any purpose not authorized by law. by |
any public officer, shall be deemed "A |
felony. and shall be punished as pro- |
vided by law. but part of such punish
ment shall be disqualification to hold |
public office.
Sec. .. No appropriation shall be
made. or any expenditure authorized |
by the Legislature. whereby the expen-
diture of the state, during any fiscal |
year, shall exceed the total tax then |
provided by law. and applicable for
such appropriation or expenditure, I'M
less the Legislature making such ap-
preparation shall provide for levying a
sufficient tax, not exceeding the rates |
allowed In section seven of this article,
to pay such appropriation or expendi-
ture within such fiscal year. This pro-
vision shall not apply to appropriations
or expenditures to suppress insurrec-
lions, defend the state, or assist In de-
Tending the United States in time of
war.
Sec. 10. All corporations or persons
In this state, or doing business herein,
shall be subject to taxation for State,
county. school. municipal or other pur-
poses. on the real and personal proper
" owned or used by them within the
territorial limits of the authority levy
Ing the tax.
Sec. IL. Until otherwise provided by
law. there shall be a State Board OF
Equalization, consisting of the Govern
or, State Auditor. State Treasurer. Sec
rotary of State and Attorney-General;
also, In each county of this State, "A
County Board of Equalization. consist
Ing of the Board Of County Commits
sioners OF said county. The duty OF
the State Board OF Equalization shall
be to adjust and equalize the valuation
or the real and personat property
among the several counties of the
state. The duty Of the County Board
OF Equalization shall be to adjust and
the valuation of the real and
personal property within their respec-
tive counties. Each Board shall also
perform such other duties as may be
prescribed by law.
Sec. ~. Nothing in this Constitution
shall be construed 10 prevent the Leg
islature from providing stamp tax
or a tax based on income, occupation