The Mobridge news. [volume] (Mobridge, Walworth Co., S.D.) 190?-1917, 1910-10-14

held at Pierre, tho capital. on the nth
day OF January, 1909, and concluded
on the fifth day of March, 1909, pro-
posed the following amendment to the
That article XII of the constitution,
OF the state of South be
amended so as to e as follows:
Article XII
Section 1. The legislature shall
provide for ar 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 yaiH 4Se
state, to be ascertained by the last as
sessment made for state and county
And whenever it shall appear that
such ordinary expenses shal exceed
the income of the state for such year,
the legislature shall provide Tor the
sufficient with other sources or In
come to pay the deficiency together
with the estimated expenses OF the
for the purpose of paving the public
debt, the legislature shall provide Tor
levying a tax annually, sufficient to
cipal of such debt within ten years
from the final passage of the law
creating the debt. Provided, tha the
the dnHui interest reA and i Principal Of the
public debt shall not exceed In
any one year two 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 e. All x shall be uni.
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 its 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 AK 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 or
taxes on all corporate propepey boa as
as are provided for assessing and
levying OF taxes on Individual proper
Section 8. The legislature shall pro-
vide for taxing all moneys, credits,
investments in bonds, stocks, joint
stock companies, or otherwise hm am
counted or purchased, moneys loaned,
and all other property, effects or dues
of every description. of all banks and
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.
CCSblOh H. = lag iAoy SAool
sify inheritance. d~evises, leGacies and
requests and gifts in view of death in
respect to the recipients thereof, and
gressive tax therein, with such ex-
emptions to the surviving husband or
wife, children and other relatives as
Section S. The legislature shall class
sify incomes In respect to the recip-
tents thereof, and provide for a grad
uated or progressive tax thereon with
such eXamDtiOnS as IT NAV prescribe. "
Section 8. The property of the
United States, and of the state. coun-
real and personal, shall be exempt
from taxation.
Section Z. The legislature shall. by
property used exclusively for agricui1
tural and horticultural societies, for
school, religious. cemetery and char
sonages and houses of the presidents
of church colleges; and personal pro-
perty to any mount not exceeding In
value two hundred dollars for each in
dividual liable to taxation.
Section s. All laws exempting pro-
perty from taxation except as pro-
vided for in this article; shall be void
cept in pursuance of q law which
shall distinctly state the object of thd
same, to which the tax only shall be
Section 10. All taxes levied and
collected for state purposes shall be
paid into the state treasury. No In
debtedness shall be incurred or money
expended by the state, and no war;
rants shall be drawn upon the state
treasurer, except in of an
first made.
The legislature shall provide by
suitable enactment for carrying this
Section IL. The legislature may vest
the corporate authorities Of cities,
towns and villages with power to
make local improvements by special
taxation Of contiguous property or
otherwise.
For all corporate purposes. all NUM-
cipal corporations may be vested with
authority to assess and collect taxes;
but such tax shall be uniform with re-
spect to persons and property within
the jurisdiction OF the body levying
the same.
Section H.. The making OF a profit,
directly or indirectly, out of state,
money, or using the same for any pur-
pose not authorized by law, shall be
deemed a felony and shall be punish
Section 10. An accurate statement
of the receipts and expenditures OF
the public moneys shall be published
annually. In such nj as the legis-
The proposed amendment will be
voted upon by the people at the gem
on Tuesday, the sth day of November,
1910. The proposed amendment VIII
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 n ratifed?'
Immediately to the left of which shall
be printed the words Eyes" and mo"
each preceded by a u in which
the elector can place a cross to indt-
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
Dated at Pierre. the capital, this
| 25th day OF July. A. d. 1910.
SAMUEL G. POLICY,
Secretary OF State.
Proposed Amendment to the Constitu-
ton of the State of south Dakota
TIC the people of the state OF South
Dakota:
The eleventh legislative assembly Of
the state Of South Dakota, begun n
held at Pierre, the capital, on the, NTH
on the fifth day of March, 1909, pro-
posed the following amendment to
| the constitution of the state, viz:
That section 6 of article IA OF the
constitution Of the state Of South Da-
kota be added to the constitution and
shall read as follows:
Article XIV
The legislature of the state of South
Dakota shall not have the power TO
establish any charitable, penal. educa-
tional or other institution as q state
Institution until the same has been