Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-10-17
Constitutional Amendment.

Constitutional Amendment.
Assembly Concurrent Resolution, No.
r.. Relative to amending Section !
pf Article X of the Constitution Of the
State Of Nevada; pertaining to the
and taxation Of patented
eessment and taxation Of mortgages,
and morteaged property. Resolved by
the Assembly, tire Senate concurring:
That the Constitution of tie State of
Nevada be amended so 6s to read as
Amend Section Article X
Of the Constitution of the State Of Ne
follows: Section l. The Legislature
shall provide by law for a uniform and
equal rate of assessment and taxa
tons as shall secure just valuation
for taxation OF all property. real. per-
sonal and possessory. except mines
and mining claims, when not patent
ed, the proceeds alone of which shall
be assessed and taxed, and when pat
ented, each patented mine shall be
assessed at not less than five hundred
($5O0.O0) except when one hundred
actually performed on such patented
mine during the year, in addition to
the tax upon the net poceeds; and al
so excepting such property as may be
exempted by law for municipal, edit
cational. literary, scientific or Other
charitable purposes; and mortgage,
deed Of trust, contract or other obliga-
tior by which debt is secured shall.
TOR the purpose of assessment and tax.
alton, be deemed and treated as an
interest in the property affected there
by, in case of debts so secured, the
value of the property affected by such
mortgage, deed of trust, contract or
obligation, less the value of such Sc
curitiest shall be assessed and taxed
to the owner of the property and the
value of such security shall be ass
essed and taxed to the owner there
of, in the county, city. or town in
which the property affected thereby is
situated. The tax so levied shall be a
lien upon the property and security and
may be paid by either party to such Sc
curity; if paid by the owner of the Sc
curity, the tax so levied upon the prop
erty affected thereby shall become q
part of the debt so secured; If the
owner of the property shall pay the
| tax SO levied on such security, it shall
constitute payment thereon and tt
| the extent of such payment full dis
charge thereof. provided that an!
| agreement, between parties to sucf
! mortgage, deed of trust. contrac
| or other obligation, whereby the deb
tor is Obligated or required to assume
and pay, or refined. (refund) to thu
holder of such security, the taxe
which shall be assessed and taxed t,
the owner thereof. shall be void.
CERTIFICATE.
State OF Nevada.
Department of State. SIS.
l, Eugene Howell. the duly elected
qualified and acting Secretary of Stat
hereby certify that the foregoing
true and correct copy of Assem-
bly, Concurrent Resolution No. IL n
lative to amending Section . Artic]
x of the Constitution of the State {
Nevada pertaining to the assessmei
and taxation of patented mines. an
also pertaining to the assessment an
taxation Of mortgages. and mortgage
property" Is the same appears G
file and of record in this Office.
And i further certify that the sal
Resolution was proposed at the TIVE
tieth Session of the Nevada State LIE
islature in March, 1901, and passe
the Assembly of said Leg;slatu
! March II, 1901. and passed the Sc
ate Of said Legislature March IA, 1870
as of record<in this office.
further certify that the above Pill
Section /. Article XVI of the Cons
tuition of the State of Nevada.
In witness whereof l have hereun
/. set my hand and affixed the Gre
Seal of State at my Office in Cars
;. City. Nevada, this 18th day of Jur
A. D. 1902 ECGENE HOWELL,
l. (seaD Secretary Of Sta
l. of Nevat