Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-08-15
Constitutional Amendment.

Assembly Concurrent Resolution, No.
r.. Relative to amending Section I |
Of Article of the Constitution of the
State Of Nevada; pertaining to the |
assessment and taxation Of patented |
mines, and also pertaining 20 the as
sessment 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
OF the Constitution OF the State of Ne
vada. so that the same shall read as
follows: Section /. The Legislature
shall provide by law for a uniform and
equal rate OF assessment and taxa
ton. and Shall prescribe such reSula-
tons as shall secure just valuation
Tor taxation OF all property, real, per
SOnal ana pOSSessOrV, except MINES
and mining claims. when not patent
ed. tbs proceeds alone of which slaii
! be assessed and taxed, and when pat
I e'nJed, each patented mine shall De
assessed al hot less than i've hundred
! (SJ0000) except when one hundred
! t$t0000) dollars in labor has beer
! actually performed on such patented
Ilire during the year, in addition to
/ the tax upon the net pOceedS, and, al
so excepting such property as nay be
exempted by law for municipal, eaU.
cational, literary, scientific or Cth2!
/ charitable purposes; and q mortgage,
deed Of trust, contract or other cblga-
tiOr by which a debt is secured shah.
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 o. 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: if paid by the owner of the Sc
cllrity, the tax so levied upon the prop
Crty affected thereby shall become a
; 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 a full dis
charge thereof, provided that any
agreement, between parties to sucl
: mortgage, deed of trust, cOntrac
or other obligation, whereby the deb
JOr is obligated OF required to assume
and pay, or refined, trefund) to The
{ ! holder OF such security, the taxes
which shall be assessed and taxed tt
, the owner thereof, shall be void
e CERTIFICATE.
State OF Nevada,
e Department of State. SIS.
t l, Eugene Howell, the duly elected
! qualified and acting Secretary Of Stat
tliv that the foregoing is a true an
a bly, Concurrent Resolution No II re
= lative to amending Section =. Articl
It X of the Constitution Of the State G
q Nevada pertaining to the assessmen
= and taxation O. patented mines, an
, also pertaining to the assessment an
J. taxation of mortgages and mortgage
S property" as the same appears G
=, lille and of record III this Office.
And i further certify that the sal
Resolution was proposed at the 1wel
E tieth Session of the Nevada State lie:
islature in March, 1901, and passe
me Assembly of said LegislatUI
March i, 1891, and passed the Sc
-- ate OF said Legislature March II, $50
as OF record in this Office.
II. further certify that the above pn
= LEGATION is made in conformity wi
=. Section !, Article NEI of the Cons
tuition OF the State OF Nevada.
i, In witness whereof | have hCreun
~ set my hand and affixed the Gre
% Seal of State at my ONCE in Cars
"; City. Nevada. this 18th day OF Jun
-, .,' A. d. 1902 ECGENE HOWELL,
~ fseaN Secretary Of Sta
soi OF Nevaj
Ell -.--.-.--r,