Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1910-10-27

s sa Of the 1888 ssp ana on the a
on the, fifth day. of March, 1909, pro
Constitution of the state. viz:
That article NI OF the CONSTITUTION
OF the state of South Dakota be
Article Nj
provid, for an annual tax, Sufficient to
defrsy the estimated ordinary en-.
on each dollar of the assessed valua-
ton of all taxable property in the
sessn,esst made for stats and county
purposes.
And whenever it shah appear that
the income Of the ps state for 'r'' such year.
ieyxag Of tax for the ensuing year
come to pay@,he deficiency together
with the estimated expenses OF the
year. in which such levy. is made. And
debt the legislature shall provide for
levying tax annually, sufficient to
pay the annual snaS INTEREST and the prn-
from the final passage of the law
creating the debt. provided, thaS the
he 9ex a aqr thg OF tbe
public debt shall not exceed in
any one year two mills on each dollar
Of h,s the assessed vsluation of all tax
tained BY BY the last te ass Sc 81 nad.,
for state and county purposes.
saet on ali p A taxes an sha n be un be
poses only. The value of each subject
q eVepY be so fixed in
shall pay a tax in proportion to the
value of his. or it's property. Fran
the state. gross earnings and nd net net in n.
comes, shall be considered in taxing
corporations and the power to tax cor
dered BY any contract or grant to
which the state shall be party The
legislature shall provide by general
taxes on all corporate property, as
near as may be. by the same methods
as are provided for assessing and
Section B. The Legislature shall pro-
H,ae Tor .a& in an moneys credits
stock companies, or otherwise; and
also for taxing the notes and bills dis
counted or purchased, moneys loaned,
of every description of all banks and
Of , bankers IS, SO % that al property en-
ject to taxation equal to that imposed
on the property of individuals.
Section 4 The legislatpre may elias,
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
1T may prescribe.
Section 5. The legislature shall clas-
sify incomes in respect to the recip-
tents IS, thereof, and provide for a grad
exemptions he
Section 6. The property of the
United and s5a5e5 and Of the state
from taxation.
e ssstpn law Z The 1egslatnTe shall by
tural and Horticultural societies, for
school religious, cemetery and char
sonages and houses of the presidents
of church colleges; and personal pro
value two hundred dollars for each in
se {, qron s. Al laws exempting pro
vided for in this article. Sian be Void old
Section 8. No tax shah be levied ex-.
eo n state Of e object aw MhGh
same. to which the tax only shall be,
applied
collected for state PURPOSES sG shall ab be
paid into the state treasury No in
debtedness shall be incurred or money
rants shall be drawn upon the state
treasurer except in pursuance of an
appropriation for the specific purpose
The legislature snail provide by
suitable enactment for carrying this
section into effect.
the corporate authorizes OF cities,
fo aln , and yilagss with power to
a ut,
otherwise.
For all corporate purposes, all muni-
authority to assess and collect taxes;
but such tax shall be uniform with re-
spect to persons and property within
the jurisdiction of the body levying
Section ~. The making of a profit,
direetly o or indireetly cut of state,
money, or using The same for any pur-
a os,,a not an ao1 ed by y law shan be
Section 10. An accurate statement
of the receipts and expenditures of
iature may provide
The proposed amendment will be
eral election to be held in this state
on TUESDAY, the 9Th day of Novemh her,
1910 The proposed amendment will
he 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 ratified?"
Immediately to The left of which shah
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
25tl: day OF July. A. d. 1910
SAMUEL c. POLICY,
Secretary Of State.
Proposed Amendment to the Constftu-
ton of the State Of South Dal<ntn
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 18th