Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1910-08-12

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Pierre, the Capital on the 18th day of January,
1913. and concluded on the fifth day of March,
lsos. proposed the following Amendment to the
Constitution of the state, viz:
That Artict. Xi OF the Constitution of the
state OF South Dakota be amended so as to
read as follows:
ARTICLE XII.
Section l. The legislature sh all provide for
an annualtax, sufficient to defray the estimat-
ed Ordinary expenses of the state for each year
not to exceed in any one year two mills on
each dollar of the assessed valuation of all
taxable property in the state, to be ascertained
county purposes.
And whenever it shall appear that such ordt-
nary expenses shall exceed the income of the
state for such year, the legislature shall pro-
vide for the levying of q tax for the ensuing
year sufficient with other sources of inco me to
expenses of the year in which such levy is
made. And for the purpose of paying the
public debt. the legislature shall provide for
levying a tax annually. sufficient to pay the an
nual interest and the principal of such debt
within ten years from the final passage of the
principal of the public debt shall not exceed in
any one year two mills on each dollar of the as.
state, as ascertained by the last assessment
made for state and county purposes.
Section 2. All taxes shall be uniform on all
property and shall be levied and collected for
public purposes only. The value of each sub.
ject of taxation shall be so fixed in money that
every person and corporation shall pay u tax
in proportion to the value OF his, her or its
property. Franchises and licenses to do bust
ness in the state, gross earnings and net in
comes, shall be considered In taxing corpora
tionS and the power to tax corporate property
shall not be surrendered or suspended by any
contract or grant to which the state shall be d
party. The legislature shall provide by gener-
al law for the assessing and levying of taxes Oh
all corporate property, as near 9as may be. by
the same methods as are provided for assess
ing and levyfng of taxes on individual property.
Section 3. The legislature shall provide for
taxing all moneys, credits, investments in
bonds, stocks. Joint stock companies, or other
wise; and also for taxing the notes and bills
discounted or purchased. moneys loaned, and
all other property. effects or dues OF every de-
scription. of all banks and OF bankers SO that
all property employed in banking shall always
be subject to a taxation equal to that Imposed
on the property OF individuals.
Section 4. The legislature may classify in
heritance,d evtses, legacies and bequests and
gifts in view of death in respect to the receipt.
ents thereof, and may provide for q graduated
or progressive tax therein, with such exemp-
tions to the surviving husband or wife,
children ana other relatives as it may pre-
scribe.
Section 5. The legislature shall classify in
comes in respect to the recipients thereof, and
provide for a graduated or progressive tax
thereon with such exemptions as it may pre-
scribe.
Section 6. The property OF the United States
and OF the state. county and municipal corpor-
ations, both real and personal. shall be ex-
empt from taxation.
Section Z. The legislature shall. by general
law, exempt from taxation property used ex-
%ctet1es. for school, religious, cemetery and
charitable purposes. including. church parson-
ages and houses of the presidents Of church
colleges; and personal property to any amount
not exceeding IN value two hundred dollars for
each individual iiabfe TO taxation.
Section 8. All laws exempting property
from taxation except as provided for In this
article, shall be void.
pursuance OF a law which shall distinctly state
the object OF the same, to which the tax only
shall be applied.
Section 10. All taxes levied and collected
for state purposes shall be paid into the state
treasury, No. indebtedness shall be incurred
or money expended by the state, and sno war;
ants shall be drawn upon the state treasurer,
except In pursuance OF an appropriation for
the Th spe IesisIa purpo ssa tiTs nra maaei Nv suitable =
actment for carrying this section into effect.
Section II. The legislature may vest the cor
porate authorities OF cities. towns and villages
with. power TO make local improvements by
special taxation OF contiguous property or
For all corporate purposes. all municipal
corporations may be vested with authority to
assess and collect taxesi but such tax shall be
uniform with respect to persons and property
within the Jurisdiction OF the body levying the
same
Section ie. The making of a profit, directly
or indirectly, out OF state, county, city, town
or school district money. or using the same
for any purpose not authorized by law, shall
by law.
Section 49, An accurate statement of the
manner as the legislature may provide.
The proposed Amendment will be voted upon
by the people at the general election to be
held in this state on Tuesday. the 9Th day OF
November. 1910. The proposed Amendment
will be printed upon the ballot followed by the
words shall the above amendment to the
constitution In relation to taxation and the
arnonnt OF tax 10 be levied be approved and
ratiieds. Immediately to the left of which
shall be printed the words. Yes" and Mo-.
each preceded by q square in which the elector
can place a cross to Indicate his vote. Elect
ors desiring to vote Yes will place a cross
before the word Yes. and those desiring to
vote Mo- place q cross before the word Mo-
Dated at Pierre, the Capital. this 25th day OF
July, A. D.. 1910. NUE. C. POLICY.
Secretary Of State