Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-10-16
Constitutional Amendment.

Assembly Concurrent Resolution, No.
r.. Relative to amending Section
Ct Article Of the Constitution Of this
State of Nevada; pertaining to the
assessment ard taxation OF patented
nnires, and also pertaining 20 the as
ssssment and taxation Of mortgages,
and morteaged property. Resolved by
the Assembly, the Senate corcurring:
That the Constitution of tie 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 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 net patent
ed, the proceeds alone of which shall
be assessed and taxed, and when pat
snted. each patented mine shall be
assessed at not less than five hundred
($500.00) except when one hundred
| ($10000O dollars in labor has beer
! actually performed on such patented
! nliEe during the year, in addition to
| 'hC CcA tttoA tuC lCL pCSSCOS, anu, al
| SO excepting such property as may be
| exempted by law for municipal, edit
cational. literary, scientific or othe,
charitable purposes; and mortgage,
! deed Of trust, contract or other obliga-
| tior 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 Of 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 such Sc
curity; if paid by the owner of the Sc
curity the tax SO levied upon the prop
erty affected thereby shall become q
part of the debt so secured; if the
owner of the property shall pay the
tax so levied on such security, it shall
constitute payment thereon and tt
the extent of such payment a full dis
charge thereof. provided that an,
agreement, between parties to sucI
mortgage, deed of trust. contrac
or other obligation, whereby the deb
tor is obligated or required to assume
and pay, or refined, (refund) to thu
{ holder of such security, the take!
: which shall be assessed and taxed t.
the owner thereof. shall be void.
CERTIFICATE.
, State OF Nevada,
r Department of State. SIS.
l, Eugene Howell, the duly elected
: qualified and acting Secretary of Stat.
: hereby certify that the foregoing
true and correct copy of Assem-
l bly, Concurrent Resolution No. IL re
e lative to amending Section :. Articl
e X of the Constitution OF the State G
; Nevada pertaining to the Assessment
and taxation of patented mines, an
also pertaining to the assessment an
: taxation of mortgages, and morris gage
), property" Us the same appears o
file and of record in this Office.
:. And / further certify that the sal
Resolution was proposed at the Twel
tieth Session of the Nevada State LIE,
- islature in March, 1901, and passe
| the Assembly OIL, Sdlu LeSlSlatul
March II, 1901, and passed the Sc
ate of said Legislature March IA, $50
as Of record in this Office.
r further certify that the above pu
LEGATION is made in conformity wi,
y Section l, Article XVI of the Const
;, tuition of the State of Nevada.
- In witness whereof ( have hereun
set my hand and affixed the Gre
Seal of State at my Office in Carse
City. Nevada, this 18th day of Jun
A. D. 1902. ECGENE HOWELL,
(seaD Secretary Of Stat
of Nevad