Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-07-09
Constitutional Amendment.

Assembly Concurrent Resolution. no.
r.. Relative to amending Section I
Of Article x Of the Constitution Of tF.
State Of Nevada; pertaining to the
assessment and taxation of patented
mines, ard also pertaining =. ..:e i:
sessment and taxation OF mortgages,
and morteased property. f.oso!Vsd by
the Assembly, the Senate concurring:
That the Constitution of the STATE of
Nevada be amended SO as to read 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 a uniform and
| equal rate OF assessment and taxa
| ton, and shall prescribe such regula-
| tons as shall secure a inst valuation
Tor taxation OF all property, real, per-
| SOnal and posSessCry. except mines
! and mining claims, when net Patent
! ed, tbs proceeds alone OF which shall
| be assessed and taxed, and when pat
! 1nted, each patented mine shall be
| assessed at not less than i've hundred
| ($500.GO except when one hundred
| ($10O 00) dollars in labor has beer
| actually performed on such patented
| nllEe during the year, in addition to
the tax upon the net poceeds; and. al
| GO fgu Sc ilJodOId uonS Su1ldo3Xo Os
exempted by law Tor municipal, cdL
cational, literary, scientific or Other
charitable purposes; and a mortgage
deed Of trust contract or other obliga
:ior by which a debt is secured shall
Tor the purpose of assessment and tax
alton, be deemed and treated as ar
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 OF
} obligation, less the value of such Sc
curitiest shall be assessed and taxed
to the owner of the property and tht
/ value OF such security shall be ass
essed and taxed to the, owner there
of, in the county. city. or town il
which the property affected thereby i
situated. The tex so levied shall be
lien upon the property ans security AM
;, may be paid by either party to such Sc
: curty; if paid by the owner of the sc
| curity. the tax SO levied upon the prop
erty affected thereby SHALL become
5 part of the debt SO secured; if tn
= owner of the property shall pay tn
tax so levied on such security, 1t sha
n constitute payment thereon and I
t the extent of such payment full di:
j.. charge thereof, provided that an
: agreement, between parties to sue
! mortgage, deed Of trust, contraC
l. or other obligation, whereby the del
TOR is obligated or required to assum
and pay, or refined, (refund to tn
4 holder of such security, the take
which shall be assessed and taxed I
3 the owner thereof shall be void.
e CERTIFICATE.
State Of Nevada
e Department of State. SIS.
II |, Eugene Howell, the daily eiecte
qualified and acting Secretary of stat
= tifv that the foregoing is a true an
a bly, Concurrent Resolution No. II +
= lative to amending Section Attic
X of the Constitution of the State
ID Nevada pertaining to the asseSsmc1
J. and taxation OF patented mines, az
, also pertaining to the assessment ar
" taxation of mort gageS, and mortgage
is property" as the same appears {
70 flle and of record in this Office.
And j further certify that the sa
Resolution was proposed at the TIVE
f. tieth Session of the Nevada State lie
islature in March, 1901, and pass
the Assembly OF said Legislatu
March L. 1901, and passed the Sc
'~' ate Of said Legislature March ii, l9t
, as Of record in this Office
n. | further certify that the above pf'
- | LEGATION is made in conformity W
- Section /, Article NNI Of the Cons
tuition OF the State OF Nevada.
3, In witness whereof l have hereur
~ set my hand and affixed the Gre
~ Seal OF State at my once in cars
", City. Nevada. this 18th day OF Jul
.,o A. d. 1902. ECGENE HOWELL
~ (saaD Secretary Of Sta
vi of Neva,