Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1905-03-19

carson City, nevada, March o, 1SVS
To the Honorable, the Assembly:
Gentlemen
l have the honor to return to
your honorable body without my ap-
prevail Assembly Bill No. SO, An Act
providing assistance for maintaining
an exhibit of mineral and agricultural
resources Of the State.
This corporation could, under the |
set forth, enter into bank |
ing, real estate or loan association to
do and transact any and all business
now enjoyed by such institutions, con-
trary to Section Nine or Article Eight
of the Constitution of the State of Ne
vada
1t appears to me that the fourteen
counties of this State should have
equal rights in the direct benefits Of
this law creating an obligation which
is only beneficial to one county and
one corporation mentioned in the act.
II the Chamber of Commerce is to be
sustained as a State institution it
should be located at the State Capt.
toll
Respectfully,
JOHN SPARKS.
Governor
Section Nine of Article Eight Of
the Constitution of the State of Ne
vada referred to in the foregoing veto
reads as follows:
Section 9. The State shall not do
nate or loan money or its credit, sub
scribe to or be interested in the stock
of any company, association or Cor.
poration, except corporations formed
for educational or charitable purposes.
s.%Carson City, Nevada, March 8, 1905
To the Honorable, the Assembly:
Gentlemen
l have the honor to return to your
honorable body without my approval,
Assembly bill No. AZ, an Act regulat-
ing the assessment and taxation Of
banks and of the shares of the stock
therein,
My objections TO the passage of this
bill are: That it is special in it's
APPLICATION to banks. If the shares
OF bank are assessable it is now
the duty of the Assessors to assess
them without any special law to that
effect. The State Board of Assessors
did not include this kind of property
in the list of valuations, and it IS
therefore Lot to the discretion of the
several county ASSESSORS Quoting
from the law as it now stands, do
not see wherein this bill can be an
improvement. Section 6, 1882, Com
piled laws provides:
"All capital loaned, invested or en-
ployed in trade, commerce or business
whatsoever, the capital stock of all
corporations, Except the capita,
stock of corporations organized for
mining purposes) companies, associa
tions, ferries, lor individuals DOING
business or having an office within
this State; the money property and
effects of every kind, except real es
tate of all banks, banking institutions
or firms, bankers, money lenders an
brokers', and all property of what
ever kind or nature not included il
ErA1
Is defined in this Act: PROVIDED
that gold or silver bearing ores
Or minerals from which eolC
On silver is extracted when in I'll.
hands of the producers thereof shall
not mean nor be taken to mean. no,
be listed and assessed under the
term personal property as used i,
this section of this Act but are esnec
tally excepted therefrom and, shall
be listed, assessed and taxed as pro
vided by law"
The term full cash value" mean
the amount at which the propert,
would be appraised if taken in pay
ment Of just debt due from sol
vent debtor.
thorough examination of the bi;
conVlnces me that no improvement
mas been made over the statute no,
in force.
Banks are essential to the conven
fence OF the public and should pa;
their just share of taxes. And the,
IspfSid have equal protection befor.
"'aw with all other corporations @,
: companies existing. Development: