Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-06-29
Constitutional Amendment.

Assembly Concurrent S:sc!u..::o~, No. |
r.. Relative to amending Sc t,oa I |
Of Article X Of the Cor stitut:c,: Of shs |
state Of Nevada; pertaining to the
assessment and taxation cf patented
mines, and also pertaiyi<s :, l>e a.
sessment and taxation Of mortgages,
andsmortgaged property. Resolved by
the Assembly, the Senate concurring:
That the Constitution Of tho state Of
Nevada be amended so as TO real 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 l. The Legislature
shall provide by law for uniform and
equal rate of assessment and taxa
ton. and shall prescribe such rcgrlla-
tiOnS as shall secure just valuation
for taxation Of all property. real, per
sOnal and poSSeSsory. except n:ines
and mining claims. when not patent
ed, tbs proceeds alone OF which shall
9e assessed and taxed. and when pat
4nted, each patented mine shall DE
assessed at not less than five hundred
(S500.OG) except when one hundred
$500 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 Hgru Sc ilIadoId uons Su! idaoxa os
| exempted by laN for municipal. eaC-
! cational literary. scientific or cthsI
! charitable purposes; and mortgage,
! deed of trust. contract or other cbliga-
| :ior 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 Sc 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
curly, the tax SO levied upon the prop
erty affected thereby shall become a
part Of the debt so secured; if the
owner of the property shall pay the
tax so levied on such security, 1t shall
! constitute a payment thereon and to
| the extent of such payment f'ili DIS
charge thereof. provided that any
| 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, irefunde to the
holder of such security. the taxes
which shall be assessed and taxed to
! the owner thereof. shall be void.
/ CERTIFICATE.
State of Nevada.
Department Of State. IS
|. Eugene Howell. the duly elected
qualified and acting Secretary OF state
tify that the foregoing is true anc
Div Concurrent Resolution No. u re
lative to amending Section Article
X Of the Constitution OF the State O.
| Nevada pertaining 10 the assessment
and t.axation of patented mines. aar
/ also pertaining to the assessment anc
taxation of mort cages, and mortgagec
property" as the same appears OF
file and of reccIa in this Office.
And further certify that the SAT-
Resolution was proposed at the TWEEN
tiath Session of the Nevada State Leg
jslatrre in March, 1901, and passe,
the Assembly of said Legislature
March Il. 1907, and passed the Sen
- ate OF said Legislature March / :, 1901
as Of record in This Office.
. / further certify that The above PM
Hcation is made in conformity VII
section /. Article WI OF the 'Ionst
: tuition of the State q Nevada.
In yx;tnszs whereof have hsrennf
+ set nv hand aud affixed the Grea
+ seal of State at M otnce in Carso
j (iFy. Nevada. this 11th day OF Jth'
:, 4 D. 1902. EUGENE HOW ELl-.
1 ~ Secretary Of Stat
} CT Nevada