Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-11-22
Constitutional Amendment.

Assembly Concurrent Resolution. no !:
H.. Relative to amending Sector .
of Article X Of the Constitution CT tn"
State of Nevada; pertaining 20 the
assessment and taxation Of patented
nires, and also pertaining 70 TIE 80 !
sessment and taxation Of mortgages. i
and mortgaged property. Resolved o. |,
the Assembly, the Senate c5ncurr.:G:
That the Constitution of the STATE OF |
Nevada be amended SO as to read as
follows: Amend Section l Article \
of the Constitution of the State of Ne
vada. SO that the same shall read as
follows: Section ]. The Legislature
shall provide by law for uniform ana
equal rate of assessment and taxa
ton, and shall prescribe such regula
tons as shell secure a just valuation
for taxation CT all property, real. rcr
scnal and possessory, except mines
and mining claims. when not patent
I'd, the proceeds alone of which shall
2e assessed and taxed. and when pat
| erted, each patented mine shall be
| assessed at not less than five hundred
| ($5OO.00) except when one hundred
(S100O0) dollars in labor has tenv
actually performed on such patented
mine during the year. in addition to
the tax upon the net poceeds; and al
so excepting such property as nay be
Exempted by law for municipal, edit
cational. literary, scientific or cthe'
charitable purposes; and Q mortgage
.;eed OF trust. contract or other obliga-
,icr by which debt is secured shall
FOR the purpose Of assessment and tax
alton. be deemed and treated as ar
interest in the property affected there
oy, in case of debts SO secured, the
value of the property affected ~ such
mortgage, deed OF trust, contract OF
cOligatlon, less the value Of such Sc
cVritiest shall be assessed and taxed
g the owner OF the property and thu
value of such security SHAH be ass
ossed and taxed to the owner there
o.. in the county, city. or Town in
which the property affected thereby is
situated. The tax so levied SNAIL be a
len upon the property and security, and
may be paid by either party to such Sc
c:irity; if paid by the owner Of the Sc
curity, the tax so levied upon the prop
erty affected thereby shall become q
part of the debt SO secured; ii the
owper of the property shall! pay The
tax so levied on such security. it shall
constitute a payment thereon and K
the extent of such payment full dis
charge thereof, provided that an.
agreement, between parties to sucf
mortgage. deed of trust. contrac
q. other obligation, whereby the dec
,or is obligated or required to assume
End pay. or refined, (refund) tc th'
holder of sch security, the taye
; which sha.' De assessed and taxed t:
the owner thereof. shall be void
CERTIFICATE.
J. State o Nevada.
: Department of State SO.
I, eugene Howell. the duly electes
l, qualified and acting Secretary Of Stat
e hereby certify that the foregoing
\ q true and correct copy of Assem-
oily Concurrent Resolution No. IL r.
n iative to amending Section Articl
j. K of the Constitution of the State
Nevada pertaining to the assessmer
e and taxation of patented mines. AZ
:. also pertaining to the assessment al
taxation of mortgages, and mortgage
property Us the same appears {
fl. and of record in this oai1e.
- And 1 further certify that the ga
Resolution was proposed at the Tive
.ieth Session of the Nevada State Le
islature in March. 1901, and pass'
a. the Assembly of said Legislatu
ey March II. 1901, and passed the Sc
IN ate Of said Legislature March IA, 1S(
OH as of record in this Office.
h. further certify that the above p,l
IN. location is made in conformity wi
" Section I. Article XVI of the Cons
no tuition of the State of Nevada
"a In witness whereof I have hereur
az set my hand and affixed the Gre
Seal of State at my Office in Cars
City, Nevada, this 18th day of Jun
4. .. 1902 ECGENE HOWELL.
tseaIj Secretary of Sta
= OF Neva