Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-07-12
Constitutional Amendment.

Assembly Concurrent Resolution. no. +,
i2... Relative Il amen ding Section. !
Of Article X Of the Constitution Of the
State Of Nevada; pertaining 70 the
assessment and taxation Of patented
mines, and also pertaining - ,,.s a.: j..
sessment and taxation OF mortgages,
and mortGaged property. Resolved byl
the Assembly, the Senate concurring:
That the Constitution of the STATE Of
Nevada be amended SO as IL read as
follows; Amend Section / Article X
of the Constitution Of the State Of Ne
vada, SO that The same shall reGd as
follows: Section l. The Legislature
shall provide by law for a uniform and
equal rate of assessment and taxa
ton, AMI shall prescribe such reguia-
| tons as shall secure just v2iu2;icn
| for taxation OF all property. real, per
| sOnai and possesSOry, except MINES
! and mining claims, when not patene-
| 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 five hundred
| (S500C0) except when one hundred
/ $500 00) dollars IL labor has beer
| actually performed on such patented
miEe during the year, in addition to
| ne tax upon the net poceeds; and, al
| 90 feLu Sc lilJodoId Q3nS Su!itT53I0 Os
! exempted by law for municipal, edit
catonal, literary. scientific or otaa!
charitable purposes; and q mort gage,
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 anu taxed
to the owner Of the properly 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 ahe>ted thereby is
situated. The tax 50 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
cUTity, the tax so levied upon the prop
erty affected thereby shall become {
5 part of the debt SO secured; if the
, owDer of the property shall pay the
tax so levied on such security, it shall
4 constitute a payment thereon and t
t the extent of such payment 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 t
. the owner thereof, shall be void.
e CERTIFICATE.
State Of Nevada,
e Department of State. SIS.
# l, Eugene Howell, the duly elected
| qualified and acting Secretary OF Stat
y tifv that the foregoing is a true an
a bly, Concurrent Resolution No. II r'
:. lative to amending Section . Articl
X of the Constitution OF the State {
d Nevada pertaining to the assessmer
} and taxation OF patented mines, an
!, also pertaining to the assessment an
- taxation of mortgages, and mortgage
is property" as the same appears C
20 hle and of record in this Office.
And further certify that the sal
Resolution was proposed at the Tive
f. tieth Session of the Nevada State lie
islature in March, 1901, and passe
the ASSetnDl! OI Sdlu ISSiSldtt
March L, 1901, and passed the Sc
H- ate OF said Legislature March IA, 1870
as of record in this Office.
H. | further certify that the above pn
= LEGATION is made in conformity wi
= Section /. Article XVI of the Cons
tuition OF the State OF Nevada.
!. - In witness whereof | have hereun
II set my hand and affixed the Gre
- Seal OF State at my ONCE in Carst
y, City. Nevada this nth day OF Jur
AZ 4. d. 1852 ECGENE HOWELL,
" (scaD Secretary OF Sta
u of NevaI
er -.