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

Assembly Concurrent Resolution, No.
r.. Relative to amending Section I
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 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 1. The Legislature
shall provide by law for uniform and
equal rate OF assessment and taxa
ton, and shall prescribe such regula-
| lions as shall secure a just valuation
/. Tor 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 i've hundred
($500.00) except when one hundred
! tS1OOOO) dollars in labor has beer
| actually performed on such patented
nine during the year, in addition to
so excepting such property as may be
exempted by law for municipal, edit
cational, literary, scientific or cthe.
charitable purposes; and q mortgage,
deed Of trust, contract or other obliga-
tior 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 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
y situated. The tax so levied shall be a
r 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
!, | curity, the tax SO levied upon the prop
t erty affected thereby shall become: 1
i part of the debt so secured; If the
e owDer of the property shall pay tn
e tax so levied on such security, it shall
!, constitute payment thereon and t.
the extent of such payment full dis
charge thereof, provided that an
y agreement between parties to- .sucl
S, mortgage, deed of trust. contrac
or other obligation, whereby the del
r. tor is obligated or required to assum
and pay, or refined, (refund) to tn
holder of such security, the take
- which shall be assessed and taxed t
the owner thereof. shall be void.
! CERTIFICATE.
State Of Nevada
Department of State. SIS.
l, Eugene Howell, the duly electe'
/ qualified and acting Secretary OF Stat
tifv that the foregoing is true an
bly, Concurrent Resolution No. IL r
lative to amending Section :. Attic
X of the Constitution of the State
Nevada pertaining to the assessmel
and taxation of patented mines. al
also pertaining to the assessment al
property" Us the same appears {
lille and of record in this Office.
And i further certify that the sa
Resolution was proposed at the Tive
tieth Session of the Nevada State LIE
II islature in March, 1901, and pass
the Assembly of said Legislatu
March II, 1901, and passed the Sc
ate of said Legislature March IA. 19(
4 as of record in this office.
~ further certify that the above pu
n lication is made in conformity wi
a Section I, Article XVI of the Cons
tuition of the State of Nevada.
\ In witness whereof l have hereun
u set my hand and affixed the Gre
Seal of State at my Office in Cars
City, Nevada, this 18th day of Jur
A. D. 1902. ECGENE HOWELL.
e (seai) Secretary of Sta
of Nevai