The Mobridge news. [volume] (Mobridge, Walworth Co., S.D.) 190?-1917, 1910-10-07

on the fifth day of March, 1909, pro-
constitution of the state, viz:
That article XII of the constitution
of the state of South Dakota be
amended so as to read as follows:
Article XXI
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
ton of all taxable property in the
state. to be ascertained by the last as
sessment made for state and county
And whenever it shall appear that
such ordinary expenses shall exceed
the income of the state for such year,
t ayyi legis of : tax n fnr t Rroy a6sui for ye eas
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 pubic
debt, the legislature shall provide for
levyfng a tax annually. sufficient TO
cipal Of such debt within ten years
from the final passage of the law
creating the debt. Provided. 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
tanned by the last assessment made
for state and county purposes.
Section 2. All shall be uni
Ievied on and IL eofR eePPsdd'ff for ana puub Shsii pu Re
poses only. The value of each subject
of taxation shall be so fixed in money
that every person n corporati6n
value of his or it's property. Fran
chises and licenses TO do business IN
the state, gross earnings and net In
N M n shall hn nnnSi6nrAd In fnXinO
corporations and the power to tax cor
porate property shall 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 n levying OF
taxes on all corporate property, as
as asaf are provided ms for 1ne as sssss and
levying of taxes on individual proper
ty.
Section 8. The legislature shall pro-
investments in bonds, stocks, joint
stock companies, or otherwise: and
also for taxing the notes and bills dis
counted Of purchased m9neys loaned,
and all other property, effects or dues
of every description, OF all banks and
Of bankers SO that all property M
ployee in banking shall always be SUBJ
ject to taxation equal to that imposed
on the properly 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-
emptions to the surviving husband or
wife, children and other relatives as
1T may prescribe.
Section s.. 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 it may prescribe,
United States, and Of the state, coun-
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
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-l
cept in pursuance Of a law which,
same, to which the tax only shall BET
section 10. All taxes levied and
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
appropriation for the specific purpose
first mad
The legislature shall provide by
suitable enactment for carrying this!
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 NUM-
cipal corporations may be vested with
authority to assess and collect taxes;
but such tax shall be uniform with rel
the jurisdiction of the body levying
the same.
Section -. The making Of 9 profit.
d%ireet1y c IF i1 tawe or ,c gGt OF ai st !
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 law.
Section 13. An accurate statement
of the receipts and expenditures Of
the public moneys shall be published
annually, in such manner as the legis-i
lature may provide.
The proposed amendment will be
voted pom by the people at the gem
on Tuesday, the Sth day OF November
1910. The proposed amendment will
be printed upon the ballot followed by
the WOTuS. Sndil the dUONS dHnSHu-f
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 Eyes" and No"
each presided by a square in which
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
Dated at Pierre, the capital, this
25th day OF July, A. d 1910.
SAMUEL G. POLICY,
Secretary OF State.
Proposed Amendment to the Constitu-
tion 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, 1899. and concluded
on the nth day OF March, 1909. pro
posed the following amendment to
That section 8 OF article IA of the
constitution OF the state of South Da-
kota be added to She constitution and
shall read as follows:
Article n
The legislature of the state OF South
Dakota shall not have the power to
establish any charitable, penal, educa-
tional or other institution as a state
institution until the same has been
duly authorized by a majority vote of
the people of the state. voting to es-
tablish said Institution. at any regu-
lar election in the state; and the legis-