The Tucumcari news and Tucumcari times., 1910-12-10
ARTICLE VIII
Taxation and Revenue


Section The rate of taxation shan
hc equal and uniform upon all subjects
of taxation.
See 2.-'rhc legislature shall have
power 20 provide tor the levy and col.
lection of license. franchise. cXcISc. ia.
come, collateral and direct inheritance.
legacy and succession taxes; also graz
uatcd income taxes. graduated roilater.
al and direct inheritance taxes, gradu.
uatrd legacy and succession taxes, and
other specific taxes including produc.
tion and output Of mines oil lands and
forests: hut no double taxation shall hc
permitted.
Sec. 3.--Thc cnumrrat ION of subjects
of taxation iu section two of this ar.
ticlc shall not deprive the legislature of
the power 20 require other subject, 20
bo taxed III such manner ~ may he
consistent with the principles Of taxa.
sion fixed ia the constitution.
See. There shall ho levied annu.
ally for state revenue u taX not 10 cN.
c"cd four mills on each dollar Of assess.
ed valuation of the property in the state.
except for the support If the cducat ION.
ri, penal and charitable institutions of
The state payment Of the state debt and
interest thereon. For the first two wear,
after the constitution gocS into effect
tue total annual tax levy for all state
! purposes exclusive of necessary lcvics
| for the state debt shall not exceed twcl
We mills, and thereafter II shall not cN.
c"cd ten mills
Sec. d state board of cuuHliZaiion
| i hereby created which shall consist
of the governor, travelling auditor. state
treasurer, secretary Of state and attor.
ncy general. Until otherwise provided
said board shall have. aud exercise All
the powers now vested IN the Territorial
/ Board Of Equalization.
! See. G.-Thc Legislature shall have no
power 10 release or discharge any coun.
! ~, city, town, school district or other
municipal corporation or subdivision Of
the state from IT, propor ionutc share
of taxes for any purpose,
| See. The property Of the United
| ta'cs, the state and an counties. towns
cities and school districts. ana other
municipal corporations, public Libraries.
community ditcLc, and AN ln'rral~ there.
of, all church property. an property ms.
ed for educational on charitable uur.
poses, all r@f .cturics not used ur held for
| prNht" or c0rp"r"'c profit. and All
| bonds of the state o. New Mexico opd
oi ihc counties. muuicipnltic, and dis.
'ri"ts thereof shall be- exempt from tax.
| nj ion.
See. N.-Th" power 10 license and tay
corporations and corporate proportv
| shall not Ice rcluquiohod or susprrdcd
| hN IN" state ar any subdivision thrr.nf.
provided that the legislature NAV he
| general law, exempt new railroads from
taxation for not more than six yror.
! from aud nfirr 'hr romulriiur pf ans.
such railroad aud branches: such roil.
road being deemed tn hr counIctrd ror
u" purpose of taxation. u. - nuv orrro.
i've division thereof, when fine sam. !.
opened Tor business 20 the lmhIir, and
new sugar factories. smcItrr.. reduction
ana refining works, aud pumping plonts
Tor irrigation worFs for NOT morr ,L,r
NiN wears from and nftor their cstahb.h.
| ment.
sec. P,All propsrty within the ter.
rtorlal limits Of the authority l.vvi,,
h" tax, and subject 10 taNntior sboiI
hc taxed therein for state couutv m,,'
nl'iphl or other purposes; provided TINT
ne state hoard of rGualilotion sboI
determine the value Of MI pronnrtv az
rhHrohd, express, sleeping cnr teIo.
graph telephone and other transporto.
100 or transmission uncs. and Shall car.
my IN" value thereof as 80 determined
:" me county and municipal taxing nm.
soc lO,-Anv public officer maxim
any nr"ht ont Of public moneys. or ns,
,"p ne sam" for any purpose not ou.
horned by law shall hc deemed ,..,l,,
OF felony and shall be punished ,s
provided by law, and shall be diso,,I.
lhed TO hold public Office. An nnhIic
moneys, not invested ia interest boar.