Kingsbury County independent. (DeSmet, Kingsbury County, S.D.) 1894-1929, 1910-11-04

day OF January, 1903, and concluded
posed the following amendment to the
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 XII
Section /. The legislature shall
provide for an annual tax, sufficient to
defray the estimated ordinary ex-
penses of the state for each year, not
on each dollar of the assessed valua-
ton of all taxable property in the
state. to be ascertained by the last as
sessment made for state and county
And whenever il shall appear that
such ordinary expenses shall exceed
the income of the state for such year,
the Legislature shall provide for the
levying of a tax for the ensuing year
sufficient with other sources of in
come to pay the deficiency together
with the estimated expenses Of the
year in which such levy is made. And
for the purpose of paying the public
levying a tax annually, sufficient to
pay the annua interest and the prin-
cipal of such debt within ten years
creating the debt. Provided, that the
the interest and principal of, the
any one year two mills on a 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 =. All taxes shall he 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
that every person and corporation
shall pay a tax in proportion to the
chises and licenses to do usiness in
the state. gross earnings and net in
comes, shall be considered in taxing
corporations and the power to tax cor
dered by any contract or grant to
which the state shall be a party. The
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 n
Section g The legislature shall pro-
vide for taxing, all moneys, credits.
stock companies, or otherwise; and
also for taxing the notes and bills dis
counted or purchased, moneys loaned,
of every description, of all banks and
of bankers so that all property en-
ployed in banking shall always be sub
on the property of individuals.
Section A.. The legislature may clas-
sify inheritance, devises, legacies and
I DtDutSlS M 6lltS II VIC" u utdlit II
respect to the recipients thereof, and
may provide for a graduated or pro-
gressive tax therein, with such eS~
emptions to the surviving husband or
wife. children and other relatives as
ii may prescribe.
Section 5. The legislature shall elias
tents thereof. and provide for a grad
uated or progressive tax thereon with
such exemptions as it may prescribe.
Section 6. The. property of the
| United States ann nf the state conn
ty and municipal corporations, both
real and personal, shall be exempt
Section z. The legislature shall. by
general law, exempt from taxation
property used exclusively for agricul-
tural and horticultural societies., for
| school, religious, cemetery and char
table purposes, including church par
sonages and houses of the presidents
Of church colleges; and personal pro-
perty TO any amount not exceeding in
value two hundred dollars for each in
dividual liable to taxation.
Section 8. All laws exempting pro-
perty from taxation except as pro-
vided for in this article, shall be void.
Section 8. No tax shall be levied ex-
shah distinctly state the object of the
same, to which the tax only shall be
applied.
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 pursuance OF an
appropriation for the specific purpose
first made.
The legislature shall provide by
suitable enactment for carrying thi
section into effect.
Section II. 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 mum
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 IL. The making of a 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 aw.
Section 13. An accurate statement
OF the receipts and expenditures of
the public moneys shall be published
annually, in such manner as the legis-
lature may provide.
voted upon by the people at the gen
era1 election 10 De neid IN this state
on Tuesday, the 9Th day of November:
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 wore Yes and those desiring TO
vote No. place a cross before the
Dated at Pierre. the capital, this
25th day of July, A. ID. 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, 1905. and concluded
on the fifth day OF March, 1909, pro-
posed the following amendment 10
the constitution of the state, viz:
That section 6 OF article II of the
constitution OF the state of South Da-
kota he added TO the constitution and
shah read As follows:
Article XIV
The Legislature of the state OF South
IN