Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-12-03
Constitutional Amendment

Assembly Concurrent Resolution, No
r.. Relative to amending Section
Of Article X Of the Constitution OF ths
State Of Nevada; pertaining to the
and taxation Of patented
sessment and taxation Of mortgages.
the Assembly, the Senate c5ncurF..:q: |
That the Constitution of tie State OF |
Nevada be amended SO as to read as |
follows; Amend Section 1 Article 4 |
of the Constitution of the State of Ne
vada, SO that the same shall read as
follows: Section i The Legislature
shall provide by law for uniform ano
equal rate of assessment and tsxa
ton, and shall prescribe such regula
tons as ehs)l secure a just valuation
for taxation of all property. real. per
scnal and possessory. except mines
and mining. claims. when not patent
cd. tbs 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
(S1000O) dollars in labor has bee,
actually performed on such patented
mine during the year. in addition to
the tax upon the net poceeds; and al
so excepting such property as may be
exempted by law for municipal, edit
cational. literary. scientific or other
charitable purposes; and mortgage
deed of trust, contract or other obliga
:ior 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 Dy such
mortgage. deed of trust, contract or
obligation, less the value OF such Sc
curitiest shall be assessed and taxed
70 tho owner Of the property and tho
value G; such security shall be ass.
cssed 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 b. e
lien upon the property and security and
may be paid by either party to such Sc.
Ic;lrity; If paid by the owner of the Sc
curity, the tax so levied upon the prop
e-ty affected thereby shall become q
part of the debt so secured; if the
owDer of the property shall pay the
tax so levied on ouch security. it shall
constitute a payment thereon and tc
the extent of such payment full dis
charge thereof, provided that an,
agreement. between parties to such
mortgage. deed of trust. contract
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 taxes
which shall be assessed and taxed t,
the owner thereof. shall be voiG.
CERTIFICATE.
State % Nevada.
e Department Of State. IS. L F.
: l. Eugene Howell. the duly elected
: qualified and acting Secretary Of Stat
hereby certify that the foregoing 1
!. 3 true and correct copy, of Assem-
bly, Concurrent Resolution No. IL r.
= iative to amending Section Articl
r K of the Constitution of the State !
Nevada pertaining to the assessmeI
and taxation of patented mines. an
aiso pertaining to the assessment ar
taxation Of mortgages, and mortgage
property as the same appears Q
Ale and of record in this Office.
Aid further certify that the sa;
T, Resolution was proposed at the Twel
:; ,ieth Session of the Nevada State -Le
~ islature in March, 1901. and passe
n the Assembly of said Legislatu
IN March II, 1901, and passed the Sc
h. ate Of said Legislature March IA. 130
n. as of record in this Office.
- further certify that the above pu
40 location is made in conformity wi
10 section I. Article XVI of the Cons
an tuition of the State of Nevada. $50.
In witness whereof I have hereun
set my hand and affixed the Gre
Seal Of State at my Office in Cars
City, Nevada, this 18th day of JuI
- A. D. 1902. ECGENE HOWELL
tsealj Secretary Of Sta
of Neva.