Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-08-02
Constitutional Amendment.

Assembly Concurrent Resolution, No. !,
w.. Relative to amending Section
Of Article X Of the Constitution Of the
State of Nevada; pertaining to the
assessment and taxation Of patented
mines, and also pertaining 20 the as
sessment and taxation Of mortgages,
and mortgaced 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 l. The Legislature
shall provide by law for uniform and
equal rate of assessment and taxa
ton, ana shall prescribe such regula-
tiOns as shall secure just valuation
tor taxation OF all property, real pei
Sonai ami poSSeSsOry, except mines
and mining claims, when not patent
ed. the proceeds alone Of which shall
| be assessed and taxed. and when pat
! en;ed, each patented mine shall be
! assessed at not less than i've hundred
| tS50000) except when one hundred
/ (Sl0010) dollars in labor has beer
actually performed on such patented
| lniEe 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
! catiunal, literary, scientific or other
charitable purposes; and mortgage,
deed of trust, contract or other obliga-
tor by which debt is secured shah.
tor the purpose of assessment and tax
alton, be deemed and treated as an
interest in the property affected there
E,rr Of on ca
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 the
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 tax so levied shall be ;
lien upon the proper, y and security ant
:, nay be paid by either party to such sc
= curity: if paid by the owner of the sc
ourity, the tax so levied upon the prop
erty affected thereby shall become
S part Of the debt so secured; if tn
!, owner of the property shall pay tn
tax so levied on such security, it sha
Il constitute a payment thereon and t
4 the extent of such payment full dl:
charge thereof, provided that an
: agreene nt, between parties to sue
/ mortgage, deed of trust, contrat
I. or other obligation, whereby the del
TOR is obligated or required to assun
and pay, or refined, (refund) to tt
f holder Of such security, the taxe
which shall be assessed and taxed
. 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 Sta
~ tifv that the foregoing is a true al
a bly, Concurrent Resolution No. II I
= lative to amending Section j Attic
X of the Constitution of the State
ID Nevada pertaining to the ASSESSING
o. and taxation OF patented mines, a.
| also pertaining to the assessment a.
~ taxation of mortgages, and mortgag
It's property" as the same appears
70 file and of record III this Office.
And i further certify that the So
Resolution was proposed at the Twt
ef tieth Session OF the Nevada State l.
islature in March, 1901, and pass
the Assembly OF said Legislatl
March L, 1891, and passed the 5
-~" ate of said Legislature March IA, IS
. as Of record in this Office.
~ | further certify that the above p
40 LEGATION is made in conformity W
w Section /, Article XVI of the Con
tuition OF the State OF Nevada.
81 81 In witness whereof | have hefeu
III set my hand and affixed the CIR
.eu Seal OF State at my office in Car:
~; City. Nevada, this 18th day OF Ju
dlu 4. d. 1902. ECGENE HOWELL
~ (seaD Secretary Of ST;
sol of Neva
9er -
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