Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-08-20
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 20 the ss
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 l. The Legislature
shall 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
>.nted, each patented mine shall be
assessed at not less than live hundred
! ($500O0) except when one hundred
/ ($1OO OO) dollars in labor has beer
actually performed on such patented
I nine during the year. in addition to
| 'llC upOu tlAS llCl pONSSuS, o-iO. al
so excepting such property as may be
exempted by law for municipal, edit
cational, literary. scientific or cthei
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 CT 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 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 snchse-
curity; if paid by the owner Of the Sc,
curity, the tax so levied upon the prop
erty 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 to
{ the extent of such payment full dis
charge thereof, provided that any
agreement, between parties to sucl
: mortgage 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.
e CERTIFICATE.
State of Nevada,
e Department of State. SIS.
I |, Eugene Howell, the duly elected
! qualified and acting Secretary of Stat
tlfv that the foregoing is a true AM
a bly, Concurrent Resolution No y re
i latiye to amending Section ] Articl
;. X of the Constitution of the State G
q Nevada pertaining to the assessmen
j. and taxation OF patented mines, an
, also pertaining to the assessment an
y taxation of mortgages, and mortgage
IS property" as the same appears o
- file and of record III this office.
And i further certify that the sal
Resolution was proposed at the TIVE
E tieth Session OF the Nevada State Lee
islature in March. 1901, and passe
the Assembly of said Legislatu
March l., 1901, and passed the Sc
- ATE OF said Legislature March Ii, 1873
as OF record in this office.
a. further certify that the above pm
LEGATION is made in conformity Wi
- Section /, Article XVI Of the Cons
tuition OF the State of Nevada.
~ ~ In witness whereof | have hereun
~ set my hand and affixed the Gre
ea Seal Of State at my Office in CarSt
", City. Nevada. this 18th day OF Jur
u" \. d. 1902. ECGENE HOWELL,
ID / fsesN Secretary Of Sta
POI of Nevat
eE |