Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1910-10-06

held at Pierre. the capital. on the fifth
on the fifth = day Of Of March, 1908, pro
Constitution of the state, viz:
That article XI of the constitution
Of the state of South Dakota be
amended SO as to read as follows:
Article XI
Section l. The legislature shall
provide for an annual tax, sufficient to
defray the estimated ordinary eS-
penses Of the state for each year; net II7
on each dollar of the assessed valua
ton Of al taxable property in the
state, to be aScertained by the last
se4sment made for state and county
And Whenever it shall appear that
the income of the state for such year,
the is; 1egisatrre shall provide for the
come to pay the deficiency together
with the estimated expenses of the
! debt, the legislature shall provide for
l levy tfa tax annually SUFFICIENT to
cipal Of such debt within ten years
from the final passase OF, the law
the debt Phrovidsd that the
the :. interest and 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 tai by the last assessment made
Section 2 All taxes shall be uni
levied and collected for public pur-
opy ThH value Ia G each subject
| that every person and corporation
shall pay ss tax in PROPORTION to the
chises and licenses to do business in
the state, gross earnings and net in
comes, shall be considered in taxing
porate property shall not be surren-
dered by any contract or grant to
which the state shall be a party. The
llegislature 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
levying of taxes on individual proper
section 3. The legislature shall pro-
vide for taxing, all moneys credits,
Investments in bonds stocks joint
stock s5oc g., companies, or otherwise; and
counted or purchased, moneys loaned,
and all other property. effects or dues
OF every eyer descriptton, Of Of, an banks and
ployed in banking shall always be sub
1ect to taxation equal to that imposed
| oIi lllc properly OIL INDIVIDUALS.
Section 4 The Legislature may clas-
ssify inheritance, devises, legacies and
bequests and gifts in view of death in
respect to the recipients thereof, and
may provide for graduated or pro-
gressive tax therein, with such en-
emptions. to the surviving husband or
| VIE children and other relatives as
! 1t may prescribe.
! Section S, The Legislature shall clas-
tents thereof, and provide for a grad
uated or progressive tax thereon with
such eXemptionS as it may prescribe.
United states and Of 'G tie state o. cou ane
ty and municipal corporations, both
real and personal, shall be exempt
Section. {. The Legislature shall, by
general law, exempt from taxation
school, religious, cemetery and char
table purposes, including church par
of church colleges; and personal pro-
perty to any AMOUNT not exceeding in
value two hundred dollars for each in
Section 81. All laws eNempting pro
perty from taxation. except pro-
vee fS5 j. NJ a aT she bs BE ed
cept in pursuance Of a law which
shall distinctly state the object of thd
same, to which the tax only shall be
applied.
section 10. All taxes levied and
COLLECTED for state purposes shall be
|
debtedness shall be incurred or money
expended by, the state, and no war
treasurer, except in pursuance of an
appropriation for. the specific purpose
| first made.
The legislature shall provide by
suitable enactment for carrying this
SECTION into effect,
., Section IL The legislature may vest
make local improvements by Special
taxation of contiguous property orl
| otherwise.
For all corporate purposes all NUM-,
clpal corporations may be vested With
but such tax shall be uniform with re-!
spect. to persons and property withinl
the jurisdiction of the body levying
Section -. The making of a profit,
directly or indirectly, out of state,
Gonnty city s,d town fRs seh3ol district
pose not authorized by law shall be
deemed a felony and shall be punish
able as provided by law
| Section 10. An accurate statement
the public. moneys shall be published
| lature may provide.
| The proposed amendment will be
eT e He4n O TO be Sed at fe
on Tuesday, the Sth day of November,
1910 The proposed amendment will
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 ratifed?"
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 ndi-
cate his vote Electors desiring to
vote Yes" will place a cross before
the word Yes" and those desiring to
| vote, No. place cross before the
word No"
Dated at Pierre, the capital, this
25th day of July. A. D. 1910
SAMUEL c. POLICY
Secretary of State.
Proposed Amendment to the Constitu-
ton Of the state of South Dakota
To the people of the state of South
Dakota:
The eleventh legislative assembly Of
the state of South Dakota, begun and
held at Pierre, the capital, on the fifth
day of January, 1909. and concluded