Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-11-14
Constitutional! Amendment

f.. 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 10 the az
s:ssment and taxation Of mortc ages.
and mortgaged property. Resolved oy
the Assembly, the Senate concurr.s:g:
That the Constitution of tie 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 1. The Legislature
shall provide by law for uniform ano
equal rate of assessment and taxa
ton, a1d shall prescribe such regula
tons as shall secure just valuation
for taxation OF all property. real, per
scaal and possessory, except mines
and mining claims. when not patent
cd, the proceeds alone of which shall
De assessed and taxed. and when pat
.nted, each patented mine shall be
assessed at not less than five hundred
($5OOO0) except when one hundred
(S1OO OO) dollars ir labor has beer
actually performed on such patented
mine during the year, in addition to
tae tax upon the net poceeds; and al
90 excepting such property rs may be
exempted by law for municipal. edit
cational. literary. scientific or cthe,
charitable purposes: aud mortgage.
Geed OF trust, contract or other Obliga
:icr. by which q 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
mortg gage, deed of trust, contract or
culigatlon, less the value OF such Sc
| curitiest shall be assessed and taxed
TO tho owner Of the property and tho
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 g
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
e-ty affected thereby shall become &
part Of the debt so secured; if the
owDer of the property shall pay the
tax so levied on ouch security. it shall,
constitute a payment thereon and ts
the extent of such payment full dis
charge thereof, provided that an,
agreement, between parties to such
mortsage. deed of trust. contrac'
D. other obligation, whereby the deb
TOR Is obligated or required to assume
; and pay. or refined, (refund) to the
holder of such security, the taye'
which shall be assessed and taxed t:
, the owner thereof, shall be voi9.
CERTIFICATE.
State o. Nevada.
Department of State. IS.
I. Eugene Howell. the duly elected
qualified and acting Secretary of Stat
hereby certify that the foregoing
Z true and correct copy of Assem-
bly, Concurrent Resolution No. IL r.
iative to amending Section 1 Articl
< of the Constitution of the State :
Nevada pertaining to the assessmer
and taxation of patented mines. an
aiso pertaining to the assessment ar
taxation OF mortgages, and mortgage
property Is the same appears c
file snd of record in this Office,
AID I further certify that the sa
Resolution was proposed at the Tive
,ieth Session of the Nevada State Lc
islature in March, 1901, and passt
the Assembly of said Legislatu
March -, 1901, and passed the Sc
ate of said Legislature March IA. 19(
is of record in this office.
further certify that the above PHI
iicatinn is made in conformity wi
section I, Article XVI of the Cons
tuition of the State of Nevada.
In witness whereof 1 have hereun
set my hand and affixed the Gre
Seal Of State at my office in Cars
City. Nevada, this 18th day of Jun
A. D. 1902. ECGENE HOWELL.
isealj Secretary Of Sta
OF Nevat