Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-12-09
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
sessment and taxation Of mortgages.
and nortgaged property. Resolved by
the Assembly,, the Senate concurTsSg:
That the Constitution of tie State of
Nevada be amended so as to read as
follows: Amend Section I Article X
of the Constitution of the State of Ne
vaIa. 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
ton, and shall prescribe such regula
tons as shall secure a just valuation
for taxation OF all property, real, per
scnal and possessory. except mines
and mining claims. when not patent
ed. the proceeds alone Of which shall
De assessed and taxed, and when pat
tnted, each patented mine shall be
assessed at not less than i've hundred
($5O0.O0) except when one hundred
(S10000) dollars in labor has beet;
actually performed on such patented
| miEe during the year, in addition to
tae 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
aeed OF trust, contract or other obliga
ton by which 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 and taxed
to the owner of the property and tho
value Of such security shall be ass
ossed 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
len upon the property and security land
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 8
part of the debt so secured; if the
owner of the property shall pay the
tax SO levied on Cuch security, it shall
constitute payment thereon and t;
the extent of such payment full dis
charge thereof. provided that an,
agreement, between parties to sucl
mortgage. deed of trust. contrac
~ other obligation, whereby the deb
) ror is obligated or required to assum,
and pay. or refined, f-efund) to tn
holder of such security, the taxe
which shall be assessed and taxed t.
the owner thereof. shall be voiG.
, CERTIFICATE.
Y State o. Nevada,
l. Department of State IS.
n l. Eugene Howell, the duly elected
qualified and acting Secretary of Stat
Z hereby certify that the foregoing
l. a true and correct copy of Assem-
oily Concurrent Resolution No. IL r,
d Iative to amending Section Articl
II K of the Constitution of the State .
Nevada pertaining to the assessmeI
Is and taxation of patented mines, an
aiso Pertaining to the assessment ar
taxation of mortgages, and mortgage
property IS the same appears o
file and of record in this Office.
AID further certify that the sal
Resolution was proposed at the Twel
,ieth Session of the Nevada State Lei
islature in March, 1901, and passe
the Assembly of said Legislatul
March IL, 1901, and passed the Sci
ate of said Legislature March IA, $50
as of record in this Office.
iurrher certify that the above phi
location is made in conformity vii
section I. Article XVI of the Const
- tuition of the State of Nevada.
In witness whereof I have herelln
set my hand and affixed the Gre
Seal of State at my Office in Carst
City, Nevada, this 18th day of Jun
1e A. u. 1909. ECGENE HOWELL,
tseaij Secretary of Stat
of Nevad