Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-11-12
Constitutional Amendment

Assembly Concurrent NeooJuSSoO, NO, 1
r.. Relative to amending Section I |
Of Article X Of the Constitution Of the |
State Of Nevada; pertaining to the |
assessment and taxation Of patented |
mires, and also pertaining 70 the ~
sessment and taxation Of mortgages.
and mortgaged property. Resolved oY
That the Constitution of tie State of
Nevada be amended SO as to read as
follows: Amend Section I Article X
of the Constitution of the State of Ne
vaja. 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 regula
tons as shall secure a. just valuation
for taxation of all property. real, PCT
scnal and possessory.s except mines
and mining claims, when not patent
cd, the proceeds alone of which shall
be assessed and taxed, and when pat.
.nted, each patented mine shall be
assessed at not less than i've hundred
($500.00) except when one hundred
$500. OO) dollars in labor has been
actually performed on such patented
mine during the year, in addition to
ne tax upon the net pOceeds; and, al.
90 excepting such property as may be
exempted by law for municipal, edit
cational. literary. scientific or other
charitable purposes; and . mortgage
seed Of trust, contract or other obligar
: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
cDiigatlon, less the value of such Sc
curitiest shall be assessed and taxed
TO tho owner of the property and tha
value of snch 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 be
lien upon the property and security, and
may be paid by either party to such Sc
c;lrity; If paid by the owner of the Sc
curity, the tax SO levied upon the prop
orty affected thereby shall become g.
Dart of the debt so secured; If the
owner of the property shall pay the
tax so levied on such security. 1t shall
constitute payment thereon and te
the extent of such payment full dis
charge thereof, provided that ans
agreement, between parties to such
mort gage. deed of trust. contract
~ other obligation, whereby the deb
tor ia obligated or required to assume
and pay. or refined, (refund) to the
holder of such security. the taxes
which shall be assessed and taxed to
the owner thereof. shall be voiG.
CERTIFICATE.
State o. Nevada.
Department of State 81.
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-,
oily Concurrent Resolution No. IL re
iative to amending Section ! Articl:
K of the Constitution of the State 81
Nevada pertaining to the assessmer.
and taxation of patented mines. an
also pertaining to the assessment arc
taxation of mortgages, and mortgage6
property is the same appears o.:
file and of record in this Office.
Ard further certify that the sale
Resolution was proposed at the TWEEN
,ieth Session of the Nevada State Leg
jslature in March. 1901. and passei
the Assembly of said Legislature
March u. 1901. and passed the Ser
ate of said Legislature March IA. 1870;
IS of record in this office.
further certify that the above pub
location is made in conformity witt
section I, Article XVI of the Const;
tuition of the State Of Nevada
In witness whereof l have hereunt
set my hand and affixed the Grea
Seal Of State at my Office in Carso,
City, Nevada. this 18th day of june
A. .. .202. ECGENE HOWELL,
!seaij Secretary Of Stat,
| Of Nowc IL