Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-07-11
Constitutional Amendment.

Assembly Concurrent Resolution, no.
r.. Relative to amending Section I
Of Article X Of the Constitution Of the
State of Nevada; pertaining 20 the
assessment and taxation CT patented
mines, and also pertaining :. lie a.
sessment and taxation CT Mortgages,
and mortsaGed property. .hesolsSa ~
the Assembly, the Senate concurri1g:
That the Constitution OF the State OF
Nevada be amended SO as - read as,
follows: Amend Section article n
OF the Constitution Of the State CT 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 shall prescribe such regnla-
tons as shall secure just valuation
Tor taxation OF all property. real, per
sonal and pOssessOry, except mines
! and mining claims, when not patent
| ed. tbs proceeds alone o. which Shall
| be assessed and taxed, and when pat
| tnted each patented mine shall be
assessed at not less than i've hundred
| (S5O0.0O) except when one hundred
| (s1OO OO) dollars in labor has beer
| actually performed on such patented
mine during the year, in addition to
| the tax upon the net pOceeds; and. al
| 90 kglu Sc ilIodoId U0nS SuidaoXo os
| exempted by law for municipal, edit
J catunal, literary. scientific or Ctiie!
| chart able purposes; and q mortgage,
deed of trust, contract or other obl;ga-
| tioH 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
ouiigatlon. 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 eiaoted thereby is
situated. The tax So iaEied shall be g
lien upon the properly 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 snail become {
) part of the debt SO secured; if the
owner of the property shall pay thu
tax so levied on such security, it shall
constitute a payment thereon and t.
t the extent OF such payment a full dis
charge thereof, provided that an
agreement, between parties to suc]
: mortgage, deed of trust, contrac
, or other obligation, Whereby the deb
Ior is obligated or required TO ASSUME
and pay, or refined, (refunO to tn
{ holder of such security. the take
which shall be assessed and taxed i
; the owner thereof, shall be void.
e CERTIFICATE.
State of Nevada,
c Department of State SIS.
[ |, Eugene Howell, the duly elected
qualified and acting Secretary of Stat
= tify that the foregoing is true an
a bly, Concurrent Resolution No. II II
4 lative to amending Section ! Articl
:. x Of the Constitution OF the State {
q Nevada pertaining to the assesSmeI
J. and taxation OF patented mines, an
also pertaining to the assessment an
- taxation of mortgages, and mortgage
IS property" as the same appears Q
q hle 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,
slature in March, 1901, and passe
the Assembly of said Legislatul
March Il, 1901, and passed the Sc
ate OF said Legislature March "A, 1S0
!, as Of record in this Office.
l. | further certify that the above pr
, LEGATION is made in conformity wit
= Section ], Article XVI Of the Cons
tuition of the State of Nevada.
- In witness whereof l have hereun
=, set my hand and affixed the Gre
~ Seal OF State at my ONCE in CarSt
y, City. Nevada, this 18th day of Jun
~ A. D. 1902. ECGENE HOWELL,
" fseaD Secretary Of Stat
VI of NeyaJ