The Miller press. [volume] (Miller, S.D.) 190?-current, 1910-10-13

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:
of the state of South Dakot be
amended SO as TO read as follows:
Article NJ
Section 1. The Legislature shall
provide for an annual tax, sufficient TO
defray the estimated ordinary eX-
penses of the state for each year, not
to exceed in any one year two mills
on each dollar of the assessed valua-
tion of all taxable property in the
state, to be ascertained by the last as
sessment made for state and county
purposes.
such ordinary expenses shall exceed
the income of the state for such year.
the Legislature shall provide for the
sufficient with other sources Of in
come to pay the deficiency together
with the estimated expenses or the
for the purpose of paying the public
debt. the legislature shall provide for
levying a tax annually, sufficient to
pay the annual interest and the prin-
clpal of such debt within ten years
from the final assag of the law
creating the debt. Provided. that the
annual tax for the payment OF
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
tanned by the last assessment made
for state and county purposes.
Section .. All taxes shall be uni
form on all property and han 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
value of his or its property. Fran
ch!ses and licenses to do business in
the state, gross earnings and net in
comes, shall be considered in taxing
corporations and the power to tax cor
porate property shal not be surren-
dered by any contract or grant to
which the state shall be a party. The
legislature shall provide by general
law for the assessing and levying OF
taxes on all corporate property, as
as are provided for assessing and
levying of taxes on individual proper
ty.
Section 8. The legislature shall pro-
Investments in bonds, stocks, joint
stock companies, or otherwise; and
counted or purchased, moneys loaned,
and all other property, effects or dues
of every description Of all banks ana
pIoYed in banRins hail always be sub
ject to 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 provide for a 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 5. The Legislature shall clas-
sify incomes in respect to the recip-
tents thereof, and provide for a grad
uated or progressive tax thereon with
.,vnl 80 rN ~ Ara nc - ~ - Anlnf
Section 6. The, property of the
United States, and of the state, coun-
ty and municipal corporations, both
real and personal, shall be exempt
Section I. The legislature shall, by
general law, exempt. from taxation
tural and horticultural societies, for
school, religious, cemetery and char
liable purposes, including church par
Sonages and houses of the presidents
perty to any amount not exceeding in
value two hundred dollars for each in
dividual able to taxation.
Section s. All laws e~Xempting pro-
perty from taxation except as pro-
vided 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
The legislature shall provide by
suitable enactment for carrying this
section into effect.
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
but such tax shall be uniform with re-
spect to persons n property within
the jurisdiction of the body levying
Section 70. The making of a profit,
directly or Indirectly, out CT state,
county, city, town or school 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
annually, in such manner as the legis-
latmre may provide: m,u 10
voted upon by the people at the gen
eral election to be held in this state
on Tuesday, the Sth 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 ratitied?'
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 word Yes" and those desiring to
vote No. place a cross before the
word NO"
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
To the people of the state of South
Dakota:
III eleventh legislative assembly al
| the state Of South Dakota. begMm and