Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-06-25
Constitutional Amendment.

Assembly Concurrent Resolution, No.
H.. Relative to amending Section
Of Article X of the Constitution Of tie
State Of Nevada; pertaining to the
assessment and taxation OF patented
mines, ard also pertaining % the as
sessment AMI taxation Of MORTGAGES,
and mortgaSed property. Resolved by
the Assembly, the Senate concurrinq:
That the Constitution of the State of
Nevada be amended so as to read as
follows: Amend Section / 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 uniform and
equal rate of assessment and taxa
ticn, and shalt prescribe such regula-
lions as snail secure just valuation
ior taxation OF all property, real, per
SCnal and pOsSessOry, except MINES
ana mining claims. when not patent
ed, tbs proceeds alone OF which shall
be assessed and taxed, and when pat
en,ed. each patented mine shall be
assessed at not less than i've hundred
($500.00) except when one hundred
($l00 J0) dollars ir labor has beer
actually performed on such patented
! mine during the year, in addition to
j the tax upon the net pOceeds; and, al
/ 90 Eglu Sc ilJodCid uons SuIdooNo oS
! exempted by law for municipal, edit
! cati0nal. literary, scientific or Cth@t
! charitable purposes; aud q mort gage
! deed OF trust. contract or other obliga-
| ,iOr by which a debt is secured shall
F.! for the purpose Of assessment and tax
alton, be deemed and treated as an
! interest in the property affected there
j By. in case of debts so secured, the
value of the property affected by such
mortgage, deed OF trust, contract or
ouigatlOn, less the value of such Sc
curltiest 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 such Sc
curity; if paid by the owner of the Sc
curty, the tax SO levied upon the prop
erty affected thereby shall become 6
part of the debt SO secured; if the
owper of the property shall pay the
tax so levied on such security, 1t sinai
, constitute a payment thereon and tt
the extent of such payment a full dis
charge thereof. provided that an.
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 tn
, holder of such security, the take
which shall be assessed and taxed It
: The owner thereof, shall be void
CERTIFICATE.
E State Of Nevada.
@ DEPARTMENT of state. IS.
!, Eugene Howell. the daily elected
l qualified and acting Secretary OF Stat
0 tifv that the foregoing is true an
. blv Concurrent Resolution No. u r.
Iatiye TO amending Section : Articl
1t \ Of the Constitution Of the State c
4 Nevada pertaining TO the aSsessmeI
aud taxation OF patented mines, an
also pertaining to the assessment an
!, taxation of mortgages, and mortgage
:. property" as the same appears Q
lie and of record in this Office.
e And further certify that the sal
Resolution was proposed at the i've
: ticth Session OF the Nevada State lie
iSiafura in March. 1901, and paSst
the Assembly of said Legisia,u
March y. 1901. and passed the Sc
ate Of said Legislature March II, l5o
;. as Of record in this Office,
| further ceHity that the above p'l
LEGATION is made in conformity WI
:. Section /. Article XVI Of the Cons
tuition OF the State OF Nevada.
n ,r witness whereof l have hetcuh
u set my hand and affixed the Hre
- seal OF State at my ONCE IN Cars
% City. Nevada. this l1th DAY OF Jul
Y. \. D. 1902. ECG1N+ HOW ELL
i'd leeaIl Secretary Of Sta
h. OF Nevad