The Mobridge news. [volume] (Mobridge, Walworth Co., S.D.) 190?-1917, 1910-10-28

day Sf January 1905. and concluded
on the nth day of March. 1893. pro-
posed the following amendment 10 the
constitution OF the state, viz: ,.n.,on
OF the state OF South Dakota be
amended so As to read as follows:
Article XXI
Section /. The Legislature shall
provide for an annual tax, sufficient 70.
defray the estimated ordinary eN
peRses of the state for each year, net
to exceed in any one year two mil
on each dollar OF the assessed value
state, to be ascertained by the last a.
seSsment made for state n county
purposes.
And whenever 1t shall appear that
the income of the state for such yea
the legislature shall provide for IL
ieyying Of a tax for the ensuing yea
come to pay the deficiency togethef
with the estimated expenses or III"
year In which such levy is made. An
debt, the legislature shall provide for
levying a tax annually, sufficisnt -
pay the annual interest and the prin
elPal Of such debt within ten year +
creating the debt. Provided, that the
annual tax for the payment OF
public debt shall not exceed IL
any one year two mills on each dollar
Of the assessed valuation of all tan
able property in the state, as asceIo
for state and county purposes.
Section 2. All taxes shall be uni
form on all property and shall DC
poses only. The value of each subject
OF taxation shall be SO fixed in mon
that every person and corporatl0t
s yaiue pay "a his 4 ta OK IL It's p pGppertg! f Fran a.
chises and licenses to do business in
the state, gross earnings and net ~
comes, shall be considered in taxinS
corporations and the owe to tax cor
porate property shall not be surren-
dered by any contract or grant 70
which the state shall be a party. TIE
legislature shall provide by general
law for the assessing and levylng OF
taxes on all corporate tproperty, as
near as may be, by the same methods
levying of taxes on individual proper
lty.
Section 3. The Legislature shall pro-
vide for taxing all moneys, credits.
investments in bonds, stocks, joint
stock companies, or otherwise; and
also for taxing the notes and bills dis
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 sub.
ject 30 taxation equal to that imposed
on the property of individuals.
Section 4, The legislature may clas-
sify inheritance. devises, legacies and
requests and gifts in view Of death IN
respect to the recipients thereof, and
may pTSSi1~ 40. - graduated or pro-
gressive tax therein. with such ex-
emptions to the surviving husband or
wife. children and other relatives as
it may prescribe.
Section =. The legislature shall clas-
sify incomes in respect to the recip-
tents thereof, and provide for a grad.
uated or progressive tax thereon with
such exemptions as II may prescribe.
un SfefIo States {; T ana Of Prq pRRe state Of co1 5ho
ty and municipal corporations, both
real and personal, shall be exempt
Section 4. 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 s. All laws exempting pro-
perry from taxation except as pro-
yided for in this article, shall be void.
Section 9. No tax shall be levied ex-
cept in pursuance OF a law which
shall 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 this
section into effect. 4
Section II. The legislature may vest
the corporate authorities of cities
make local improvements by special
taxation OF contiguous property or
otherwise.
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 same.
Section ~. h making OF a profit,
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 shal be punish
Section 10. 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.
The proposed amendment will DO
voted upon by the people at the gen
eral 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 amend
ment to the constitution in relation
to taxation and the amount OF tax 70
be levied be approved and ratifedY'
Immediately to the left of which shall
be printed the words Yes" md mo"
each preceded by a square in which
the elector car place a cross TO indi-
cate his vote. Electors desiring 70
vote Yes" Will place a cross before
the word Yes and those desiring 20
vote No. Place a cross before the
Dated at Pierre. the capital. this
SAMUEL G. POLICY.
Secretary OF State.
Proposed Amendment 10 the Constifu-
ton OF the State of south Dakota
To the people of the state OF South
The eleventh legislative assembly OF
the state OF South Dakota. begun and
held at Pierre, the capital. on the fftl
day OF January, 1909. and concluded
on the fifth day of March, 1903. pro
posed the following amendment tc
the constitution OF the state, viz:
That section s OF article IA of the
kota be added to the constitution ant
shall read as follows:
Article XIV
The Legislature of the state OF Sour
Dakota Shall not rave the power q
establish any charitable, penal, educa
tional or other institution as a sta
institution until the same has be
duly authorized by a majority vote Il
the people of the state, voting to e.
tablish said institution, at any reg
lar election in the state; and the leei
/ Iatura chall mt make anu anpronrt