Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1902-09-19
Constitutional Amendment.

Assembly Concurrent Resolution, no.
Of Article X Of the Constitution of the
State Of Nevada; pertaining to the
assessment and taxation Of patented
mines, and also pertaining 70 the ae
sessment and taxation of mortgages,
and mortgased 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, and shall prescribe such regula-
tons as shall secure q 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
ented, each patented mine shall be
assessed at not less than five hundred
i ($5OOOO) except when one hundred
| ($10O OW dollars in labor has beer
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 may be
| exempted by law for municipal, edit
! cational, literary. scientific or othet
charitable purposes; and mortgage,
! deed of trust, contract or other obliga-
tioc by which debt is secured shah.
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
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
owner of the property shall pay the
tax so levied on such security, it shall
constitute a payment thereon and tC
the extent OF such payment full dis
charge thereof, provided that any
agreement, between parties to sucf
mortgage, deed of trust. contrac
or other obligation, whereby the deb
tor is obligated or required to assume
and pay, or refined, (refund) to thu
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.
l, Eugene Howell, the duly elected
qualified and acting Secretary of Stat
tifv that the foregoing is a true an
bly, Concurrent Resolution No. II re
: lative to amending Section j Articl
x of the Constitution of the State G
;. Nevada pertaining to the assessment
l and taxation of patented mines, an
= also pertaining to the assessment an
t taxation of mortgages, and mortgage
e property" as the same appears o
S file and of record in this Office.
S And / further certify that the sal
Resolution was proposed at the Twe1
8 tieth Session of the Nevada State Lei
i islature in March, 1901, and passe
l. the Assembly of said Legislatul
l. March u, 1901, and passed the Sc
s. ate OF said Legislature March IA, 1870
u as OF record in this Office.
Il further certify that the above phi
re LEGATION is made in conformity vii
Re Section l, Article XVI of the Cons
q. tuition of the State of Nevada.
In witness whereof l have hereun
Il set my hand and affixed the Gre
\ Seal OF State at my office in Carst
o. City. Nevada, this 18th day OF Jun
A. d. 1902. ECGENE HOWELL.
r. (seaD Secretary of Stat
of Nevad