Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1910-10-27

on the fifth day of March. 1908, pro-
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 I. 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 vaIua-
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,
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 tax annually, sufficient to
pay the annual interest and the prin-
epal Of such Sa., debt within ten years
creating the debt. Provided. that thu
ann tax for the payment ,S os
public 'e debt shall pr mot 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 g. All taxes shall be uni
form on all property and , shall be
poses only. The value of each subject
of taxation shall be so fixed in money
that every person and corporation ion
value of his or it's property. Fran
chises and licenses to do business in
the state. gross earnings and net in
| ~ In
| corporations and the power to tax cor
porate property shall not be surren-
which the state shall be a party. The
| legislature shall provide by general
law for the assessing and levying OF
near as may be. by the same methods
| as are provided for assessing and
levying of taxes on individual proper
Section 3. The Legislature shall pro-
vide for taxing all moneys, credits,
investments in bonds, stocks, joint
also for taxing the notes and bills dis
| counted or purchased, moneys loaned,
and all other property, effects or dues
of bankers so that all property en-
ployed in banking shall always be sub
tect 20 taxation equal to that imposed
Section 4; The legislature may clas-
sify Inheritance. devises. legacies and
bequests and gifts in view OF death In
|
may prov;9~ ~. - graduated or pro-
gressive tax therein, with such ex-
J wife, children and other relatives as
| it may prescribe.
Section :. The legislature shall c,as-
sify incomes in respect to the recip-
uated or progressive tax thereon with
such exemptions as 1T may prescribe.
United States, and Ind Of f'f the state coune
| ty and municipal corporations. both
real and personal shall be exempt
Section I. The legislature shall by
| general law, exempt from taxation
property used exclusively for agricul-
school. religious. cemetery and char
liable 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-
perty from taxation except as pro-
vided for in this article, shall be void
Section 8. 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
| Section 10. All taxes levied and
collected for state purposes shall be-
paid into the state treasury No In
expended by, the state, and no war
rants shall be drawn upon the state
| treasurer, except in pursuance OF an
| fis st made.
The legislature shall provide by
| Section II. The legislature may vest
| the corporate authorities OF cities,
towns and, and VILLAGES with power to
taxation OF contiguous property or
| otherwise
For ali corporate purposes, all NUM-.
Ini an ma hn tar Wi
but such tax shall be uniform with re-
| the Jurisdiction of the body levying
Section IL The 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
able as provided by law.
Section 10. An accurate statement
of the receipts and expenditures OF
annually, in such manner as the legis-
! lature may provide.
The proposed amendment will be
eral election to be held in this state
on Tuesday. the sth 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 to
| Immediately to the left of which shall
be printed the words Yes" and mo"
each preceded by a square in which
cate his vote. Electors desiring to
vote Yes" Will place. cross before
| the word Yes" and those desiring to
vote No" place cross before the
Dated at Pierre, the capital, this
25th day of JYlyi a D; 1910.
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, 1909. and concluded
on the NTH day OF March, 1909, pro-
| posed the following amendment to
| the constitution of the state, viz:
That section of article IL OF the
constitution OF the state of South Ds-
shall read as follows:
Article XIV
The 1eLisi&sure of the state Of Soutn
| Dakota -sball not have the power TO
establish y charitable, penal. educa-
I''Istitut.on until the same has been
duly authorized by 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-
lature shall not make any appropria-
| ton to any institution except those
now established by law. unless ex-