Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-10-08
Constitutional Amendment.

Assembly Concurrent Resolution, No
H.. Relative to amending Section
Of Article x Of the Constitution Of thu
State Of Nevada; pertaining to the
assessment and taxation Of patented
nires, and also pertaining 10 the as
ssssment and taxation of mortgages,
and mortgaged property. Resolved by
the Assembly, the Senate concurring:
That the Constitution of the State OF
Nevada be amended so as to read as
follows; Amend Section l Article X
cf the Constitution of the State OF Ne
yada, so that the same shall read as
follows: Section l. The Legislature
snail provide by law for uniform and
equal rate OF assessment and taxa
ton, and shall prescribe such regula-
ticns as shall secure a just valuation
Tor taxation OF all property. real, per
sOnal and possessory, EXCEPT mines
and mining claims, when net patent
ed, the proceeds alone OF which shall
| be assessed and taxed. and when pat
| ented, each patented mine shall De
assessed at not less than i've hundred
! t$500.O0) except when one hundred
| t$1GO O0) dollars in labor has beer
/! actually performed on such patented
| mlEe 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-
tor by which a debt is secured shah.
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 OF
oDIigatlon, less the value OF such Sc
curitiest shall be assessed and taxed
to the owner Of the property and the
essed and taxed to the owner there
of, in the county. city, CT town il
which the property affected thereby is
situated. The tax SO levied shall be {
lien upon the property and security ,ani
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; it thu
owner of the property shall pay tn
tax so levied on such security, it shall
constitute a payment thereon and t
eiIN N-AlN4At IA SUN P1As AIN ~ q oAA NAs
: charge thereof, provided that an
; agreement, between parties to sue
mortgage, deed of trust. contrac
, or other obligation, whereby the del
sor is obligated or required to assum
! and pay, Or refined. (refund) to til
: | holder Of such security, the take
J | which shall be assessed anu taxed t
: the owner thereof. shall be void.
CERTIFICATE.
State OF Nevada,
Department of State. So.
l, Eugene Howell. the duly elected
, qualified and acting Secretary Of Stat
hereby certify that the foregoing
true and correct copy of Assen
bly, Concurrent Resolution No. II r
lative to amending Section Attic
!, !, X of the Constitution OF the State {
+ Nevada pertaining to the assessmel
and taxation. of patented mines, az
'; also pertaining to the assessment an
u taxation of mortgages, and mortgage
" property" as the same appears {
u file and of record in this Office.
I. And ! further certify that the sa
10 Resolution was proposed at the TIVE
10 tieth Session of the Nevada State lie
islature in March, 1901, and passt
= the Assembly of said Legislatu
;, March II. 1901, and passed the Sc
=, !, ate of said Legislature March IA, 19O
- as of record in this Office.
- l further certify that the above p'l
a. LEGATION is made in conformity wi
a. Section l, Article XVI of the Cons
w 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
n City, Nevada, this 18th day of Jul
e A. D. 1902 ECGENE HOWELL,
~ (seaD Secretary of Sta
of Neva(