Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-08-28
Constitutional Amendment.


H.. Relative to amending Section. I
Of Article x of the Constitution Of the
State Of Nevada; pertaining to the
assessment and taxation Of patented
mines, and also pertaining % the az
sessment and taxation Of mortgages,
and mortgaged property. Resolved 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 1. 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 just valuation
for taxation OF all property, real, per-
sonal and possessory, except mines
, and mining claims. when not patent
ed, the proceeds alone of which shall
be assessed and taxed, and when pat
| .nted, each patented mine shall be
assessed at not less than five hundred
! ($5O0.OO) except when one hundred
| ($1OO0O) dollars in labor has beer
actually performed on such patented
| Eine during the year, in addition to
the tax upon the net pOceeds; and, al
/ so excepting such property as may be
exempted by law for municipal, edit
J cational literary, scientific or other
| Chart able purposes; and a mortgage,
! deed IF trust, contract or other Obliga-
! tiOr 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
obligation, less the value of such Sc
, curitiest shall be assessed and taxed
i 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 in
which the property affected thereby is
situated. The tax SO levied shall be a
lien upon the property and security and
may be paid By either party to such Sc
curity; if paid by the owner of the Sc
curity. the tax SO levied upon the prop
erty affected thereby shall become a
part of the debt SO secured; if the
owDer of the property shall pay the
tax so levied on such security, it shall
constitute a payment thereon and to
the extent of such payment a full dis
charge thereof. provided that any
agreement, between parties to such
mortgage, deed of trust. contrac
or other obligation, whereby the deb
tor is Obligated or required to assume
and pay, or refined, (refund) to the
| holder of such security, the take:
which shall be assessed and taxed tt
the owner thereof, shall be void.
)! CERTIFICATE.
State of Nevada,
Department of State. SIS.
> |. Eugene Howell, the duly elected
qualified and acting Secretary OF stat
tifv that the foregoing is true an
a bly Concurrent Resolution No. II re
+. lative to amending Section !. .Articl
X of the Constitution OF the State 6
d Nevada pertaining to the assessmer
: and taxation of patented mines, an
also pertaining to the assessment an
l. taxation of mortgages, and mortgage
s property" as the same appears Q
Ale and of record in this Office.
And / further certify that the sal
Resolution was proposed at the Tive
E. tieth Session of the Nevada State LIE
islature in March, 1901, and passt
the Assembly of said Legislatu
March L, 1901, and passed the Sc
- ale of said Legislature March IA, 19o
as OF record in this office.
X. further certify that the above p''
LEGATION is made in conformity WI
". Section l, Article XVI OF the Cons
tuition of the State OF Nevada.
N In witness whereof l have hereun
~ set my hand and affixed the Gre
60 Seal OF State at my ONCE in Cars
w | dow Of I'm
ld n 1902. ECGENE HOWELL.
ID | fseaD Secretary Of Sta
eo1 of Neva
eE