Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-06-24
Constitutional Amendment.

Assembly Concurrent Resolution, No.
H.. Relative to amending Section
Of Article X Of the Constitution of the
State OF Nevada; pertaining to the
assessment and taxation of patented
mines, and also pertaining :, ine as
sessnert anH taxation of n,o.euaqes,
and mortgaged property. Resolved by
the Assembly, the Senate concurrinq:
That the Constitution of the State of
Nevada be amended SO as to read as
follows: Amend Section l Article X
OF the Constitution of the State of Ne
vada, so that the same shall read as
follows: Section L. The Legislature
shall provide by law for uniform and
equal rate of assessment and taxa
tlCn, and shall prescribe such regula-
tons as shall secure G just valuation
Tor taxation OF all properly, real, per-
sCnal and pOssessOry. except mines
and mining claims. when net patent
ed, tha proceeds alone of which shall
be assessed and taxed. and when pat
enJed, each patented mine shall be
| assessed at not less than 1--WE hundred
| (S500.00) except when one hundred
| (S10O 00) dollars in labor has beer
| actually performed on such patented
llire during the year, in addition to
i the tax upon the net poceeds; and, al
! 90 iB,u Sc ilIodoId uons SuldeoNo os
| exempted by law for municipal, eGC-
! catiunal. literary, scientific or other
| charitable purposes; and mortgage,
! deed of trust, contract or other obliga-
| Tor by which a debt is secured shall.
| for 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 AID 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: ii 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 a payment thereon and tC
the extent of such payment full dis
charge thereof provided that an,
agreement, between parties to sucl
| mortgag deed of trust. contrac
| or other obligation, whereby the deb
TOR is obligated or required to assume
and pay, or refined, (refund) to The
holder of such security, the take:
which shall be assessed and taxed tt
, the owner thereof, shall be void
CERTIFICATE.
: State of Nevada,
= DenaTtment of State. s..
|. Eugene Howell the duly elected
| qualified and acting Secretary OF Stat
, tl5y that the foregoiIE is a true an
J.. bly, Concurrent Resolution No l. re
! Iatiye to amending Section Artlcl
t z Of the Constitution of the State G
4 Nevada pertaining to the assessment
md raxatIon of patented mines. an
qts0 pertaining to the assessment an
!, taxation of mortgages, and mortgage
. EroDerty" as the same appears o
- ale and IF record III this Office.
e And i further certify that the sal
resolution was proposed at the Twe1
tieth Session OF the Nevada State Lee
islature in March, 1901. and passe
the Assembly of said Legislatul
March Il, 1901, and passed the Sc
ate Of said Legislature March IA, 100
l. as OF record in this office.
L further certify that the above pu
. Hcation is made in conformity Wi
Section /, Article XVI Of the Cons
j. tuition of the State Of Nevada.
In witness whereof I have hereun
set my hand and affixed the Gre
\ Seal OF State at my office in Cars
" City. Nevada this 18th day OF Jun
u 4. D. 1902 ECGENE HOWE
ISAIAH Secretary Of Sta
. of Nevad