Kingsbury County independent. (DeSmet, Kingsbury County, S.D.) 1894-1929, 1910-10-21

held at Pierre, the capital. on the NTH
day Of Jaauary, 1893, and eoncluded
posed the following amendment to the
constitution of the state, viz:
That article x Of the constitute en-
amended SO as to read as follows:
Article XXI
Section l.. The legislature shall
provide for an annual tax, Sufficient to
penses of the state for each year, not
to exceed IN any one year two mills
on each dollar of the assessed valua-
ton Of al taxable property in the
sessment made for state and county
purposes.
And whenever it shall appear that
the income Of the state for such year,
the Legislature shall provide for the
come to pay the deficiency together
with the estimated expenses of the
year in which such levy is made; And
debt. the legislature shall provide for
levying a tax annually, sufficient to
pay the annual interest and the prin.
from the final passage of the law
creating the debt. Provided, that the
' amman TAX TOR fhe IA VneNG OF
public debt shall not exceed in
any one year wv mills on each dollar
of the assessed valuation of all tax
able property in the state, as ascer-
tanned by the last assessment made
for state and county purposes.
Section 2: All taxes shall be uni
form on all property and shall be
levied and collected for public pur-
poses only. The value of each subject
Of taxation shall be so fixed in money
shall pay a tax in proportion to the
value of his or it's property. Fran
chises and licenses to do business in
the state, gross earnings and net in
comes, shall be considered in taxing
corporations and the power to tax cor
porate property shall not be surren-
which the state shall be a party. The
legislature shall provide by general
law for the assessing and levying Of
taxes on all corporate property, as
near as may be, by the same methods
as are provided for assessing and
levying Of taxes on individual proper
Section 3. The Legislature shall pro-
vide for taxing all moneys, credits,
investments in bonds. stocks, joint
also for taxing the notes and bills dis
counted or purchased, moneys loaned,
and all other property. effects or dues
of bankers SO. that all property en-
ployed in banking shall always be SUBJ
ject to taxation equal to that Imposed
on the property of individuals.
Section 4. The legislature may clas-
sify inheritance, devises, legacies and
requests and gifts in view OF death in
respect to the recipients thereof, and
may provide for a graduated or pro-
gressive taX therein, with such eX-
emptions to the surviving husband or
wife, children and other relatives as
it may prescribe.
Section 5. The Legislature shalt elias
sify incomes in respect to the recip-
uated or progressive tax thereon with
such exemptions as it may prescribe.
Section s. The, property of the
United States, and of the state, coun-
ty and municipal corporations, both
real and personal, shall be exempt
Section 7. The legislature shall, by
general law. exempt from taxation
property used exclusively for agricul-
tural and horticultural societies., for
school, religious, cemetery and char
liable purposes, including church par
sOnages and houses of the presidents
of church colleges; and personal pro
value two hundred dollars for each in
dividual liable to taxation.
Section 8, All laws eXempting pro-
pCTty from taxation except as pro-
Vided for in this article. shall be void,
Section g. No tax shall be levied, cx,-
ceeptt, in pursuance Of a law which
same, to which the tax only shah be
applied.
section 10, All taxes leVleu INC
collected for state purposes shall be
paid into the state treasury. No in
de]btedness shall be Incurred or money
expended by, the state, and no war
rants shall be drawn upon the state.
treasurer, except in pursuance Of an
appropriation for the specific purpose
first made.
The legislature snail provide by
suitable enactment for carrying this
section into effect.
Section II The Legislature may vest
tho rnrnn~atp oUfhnPjtfpS Of cities
towns and villages with power to
make local improvements by special
taxation Of contiguous property or
otherwise.
For ali corporate purposes. all mum
cipal corporations may be vested with,
hut such tax shall be uniform with re-
Spect to persons and property within
the jurisdiction of the body levying
Section ~, The making Of q profit,
directly or Indirectly, out Of state.
county, city, town or school district
money, or using the same for any pur-
pose not authorized by law, shall be
deemed a felony and shall be punish
able as provided by law.
Section Is. An accurate statement
Of the receipts and expenditures Of
the public moneys shall be published
annually, in such manner as the legis-
The proposed amendment win be
voted upon by the people at the gem
eral election TO be held in this state
1910. The proposed amendment will
be printed upon the ballot followed by
the words: "Shall the above amend
ment to the constitution in relation
to taxation and the amount of tax to
be levied be approved and ratiied?"
Immediately to the left Of which shall
be printed the words Yes" and No"
each preceded by a square in which
the elector can place a cross to indi-
cate his vote. Electors desiring to
vote Yes Will place a cross before
the word Yes and those desiring to
vote NO" place a cross before the
word NO"
Dated at Pierre, the capital, this
25th day of Jnly. A. ID 1910.
SAMUEL c. POLICY,
Secretary of State.
Proposed Amendment to the Const'tu-
ton of the State Of Sout', Dnkota
To the people of the state of South
Dakota: