Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-11-09
CONSTITUTIONAL Amendment.

Assembly Concurrent Resolution, No.
H.. Relative to amending Section
Of Article x Of the Constitution Of tn.
State Of Nevada; pertaining to tho
assessment and taxation of patented
n7ir<s, and also pertaining u the az
sessment and taxation Of mortgages,
and mortgaged property. Resolved by
the Assembly, the Senate concurring:
That the Constitution Of tie State of
Nevada be amended so as to read as
follows; Amend Section 1 Article X
of the Constitution of the State Of Ne
vada, so that the same shall read as
follows: Section l. The Legislature
snail provide by law for a uniform and
equal rate of assessment and taxa
ton, and shall prescribe such regula-
tons as shall secure a 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
($5OO.OO) except when one hundred
($lO0 0O) dollars in labor has beer
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-
| ton by which a 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 OF
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 II
which the property affected thereby i.
situated. The tax so levied shall be
lien upon the property and security AM
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
part of the debt SO secured; If tn
owDer of the property shall pay tn
tax so levied on ouch security, 1t sha
, constitute a payment thereon and t
, the extent of such payment full dis
charge thereof, provided that an
agreement. between parties to sue
Y mortgage, deed of trust. cOntrat
: or other obligation. whereby the del
q tor Is obligated or required to assunl
and pay. or refined. (refund) to til
l holder of such security, the take
i which shall be assessed and taxed
: the owner thereof. shall be void.
!. CERTIFICATE.
= State Of Nevada.
u Department of State. Sc.
l, Eugene Howell, the duly electe
qualified and acting Secretary O; Sta
hereby certify that the foregoing
= true and correct copy of Assel
bly, Concurrent Resolution No. II !
lative to amending Section j Attic
X of the Constitution of the State
Nevada pertaining to the assessme
: and taxation of patented mines. a.
also pertaining to the assessment a.
<. taxation of mortgages, and mortgag
property" as the same appears
=, file and of record in this Office.
. And I further certify that the So
Resolution was proposed at the TIVE
n tieth Session of the Nevada State l.
H. islature in March. 1901, and pass
M the Assembly of said Legislatl
March Il, 1901. and passed the s.
W. ate of said Legislature March IA. 10
id as Of record in this Office.
h. further certify that the above p
of LEGATION is made in conformity W
Section I, Article XVI of the Con:
eH tuition of the State of Nevada.
lis In witness whereof | have hereul
ms set thy hand and affixed the CIR
!, Seal of State at my office in Cars
City. Nevada. this 18th day of Ju
is A. D. 1902. ECGENE HOWELL
or (seal) Secretary of st;
m. of Neva
tn