Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-07-24
Constitutional Amendment.

Assembly Concurrent Resolution, No. |
r.. Relative to amending Section I
Of Article X Of the Constitution Of the
State Of Nevada; pertaining to the
assessment ard taxation CT patented
mines, and also pertaining 20 i::s e.
sessment ami taxation CO mortgages,
ard morteaged property. Resolved by
the Assembly, the Senate concutring:
That the Constitution OF the STATE OF
Nevada be amended Sc as 10 r@ai as
follows; Amend Section / Article X
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 a uniform anc
equal rate OF assessment and taxa
| ton. and shall prescribe such regula-
tons as shall secure just valuation
| tor taxation OF all property, real, Dei-
SOnal ana possessory, except mines
! and mining claims. when not patent
| ed ths proceeds alone CT Which shall
| be assessed and taxed. and When pat
! tnled, each patented mine shall De
/ assessed at not less than i've hundred
! (S5OO00) except when one hundred
| 900 JO) dollars ir labor has beer
! actually performed OF such patented
mire during the year, in addition to
me tax upon the net poceede; and. al
so excepting such property as nay BE-
exempted by law for municipal, edit
catiUnal, literary, scientific or GtaeI
charitable purposes; aid mortgage,
deed OF trust, contract or Otitef ODliga-
,ior by which debt is secured shall.
tor 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
, mortgag deed of trust, contract or
obligation. less the value Of such Sc
curilieSt shall be assessed aI.G 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 il
I which the property affected thel e0y is
situated The tax so levied shall be {
lien upcr the r1opert~ and security, an5
;, may be paid b: either rarty to such &c
: curIty: if paid BY the owner Of the Sc
curity. the tax so levied upon the prop
= erty affected thereby sail become
S part of the debt so secured; if tn
;, owner of the property shall pay th
tax SO levied on such security, it shall
II constitute a payment thereon and t
t the extent of such payment full dis
!. charge thereof, provided that an
: agreement, between parties to sue
l. mortgage, deed OF trust, contrae
I. or other obligation, whereby the del
Tor is obligated or required to assun
and pay, or refined, (refunD TO tn
if holder of such security, the take
which shall be assessed and taxed t
. the owner thereof, shall be void.
lie CERTIFICATE.
State of Nevada
e Department OF State SIS.
At |. Eugene Howell. the duly electe'
qualified and acting Secretary OF stat
~ tiiy that the foregoing is a true an
bly, Concurrent Resolution No. - +
4 lative to amending Section Artic
x of the Constitution OF the State
10 Nevada pertaining to the assessme1
o. and taxation OF patented mines, a,
also pertaining to the assessment al
u taxation of mortgages, and mortgage
It's property" as the same appears
"a lie and of record iii this Office.
And i further certify that the ST
Resolution was proposed at the TIVE
ef- tieth Session OF the Nevada State LIE
islature in March, 1901, and pass
the Assembly of said Legista,u
March j.. 1871, aIG passed tie -
'r- ate OF said Legislature March Il, lj'
as Oh record iii this Office.
'H' further certify that The above p
oo licatinn is made in conformity vi
~ Section /, Article WI OF the Cons
49, tuition OF the State o. Nevada.
fl 10 ho.a a,,d ,f:vol1 +17n or
ed g., ~ 60 ~ NV r,,.ila ~ r,ars
wv 80 n-so ~ 11,r lfoI. of In,
aid 1oo3 EL,c;F\-I7 HC,ET-t,t.{
~ (scai) Secretary Of Sta
9o' OF Neva
aeE -.