Albuquerque morning journal., 1910-11-11

| MISSION hhes and pumping plants
owned and used by individuals, irr-
cation districts or corporations for ir-
/ rigating lands owned by such individ-
uals or corporations. or the mdivid-
ual members or stockholders OF said
corporation; provided. that the same
| shall not be a source OF revenue or
/ profit other than that directly deriv-
/ ed by each land owner from his lands
| so irrigated, shall not be separately
| taxed SO long as they shall be owned
and used exclusively for such pur-
poses All lands of like character
whether held in large or small guam
titles. shall be assessed at the same
value per acre all lands and improve
ments shall be listed separately tor
taxation. The plowing of lands shall
not be considered an Improvement for
the purposes Of taxation
Sec. 2. The power to license ana
tax corporations and corporate prop
erty shall not be relinquished or sus-
pended by the state or any subdivision
thereof; provided, that the legislature
may by general law exempt new
railroads from taxation for not more
| than six years from and after the dl-
visions are opened up for business;
and new sugar factories. smelters,
and pumping plants for irrigation pur-
poses, and irrigation for not more
than six years from and after. their
establishment.
See :. All corporations or persons
in this state. or doing businesss thore-
in shall be subject 10 taxation for
state, county, school, municipal or
other purposes on the real and person
al property owned, held or used by
them within the territorial limits OF
the authority lcvying the tax.
Sec. S. The making of profit out
of public moneys, or using the same
for amy purposes not authorized by
law, by any public officer shall bc
deemed a felony and shall be punish.
ed as provided by law but part of
such punishment shalt be disqualiti-
cation To hold public office, and al
pu6lic moneys shall be deposited ia
National Banks or in banks Of trust
companies. Incorporated under the
laws OF the state. to draw interest To
be- Applied to the fund from which
the same are derived in such manner
as may be prescribed by law.
See g. The legislature may exempt
from taxation u each head of fam
lily properly to the amount of two
hundred dollars.
See TO- Timber lands and lands
containing coal. mineral oils, precious
- -. ..,'i..,.i,;,. -. ~.
N"Iueu any a. ulils ~ wy
SUI % ~ ~ ~ nc S'i,'.'','i
~ - ''i'insi iaius ,'''v az ,ii's.a
'e',t'itN 80 "'i'i'i ~ ",is' - o
sssed fer taxation according to the
iue thereof at the place of Droduc-
tpu in the same proportion and on
he same basis as other property in
the state is valued and taxed. Provid
ou' 'uu, ~ .1A''elVii aii'liI ~ ~ ~
'iif l'' 9 ~ ~
ot Vliei ~ aPpiit''''e usVtl ~ nv - llo
.t"t''vu ~ 9N0', 'us'i i'ii " -.
io"9 y - - ',l'A' 't''
son ar eornnration in ono marcel or
,,,nnret,, bna, whom III MART III. tortion
thnrcnf shall bo in hona gida opera-
-, n,od,.in,, nn,I shalI h4 subtect
tn I'M aceordine ia its value upon an
ro,lsl l,sis w,tI uti.er .s,,p,rtg.
SEE If An mines and mining
clufns non, nlaoer ana ROCK In place.
n,',,taini,,,. a.. nna,insr anla ssilyc~
',oner icsd or ntha,' vainabie miner,
al dof.otts otl,or ti,an con1 after pnr. I
cbasr usreof IRON, the United states /
shali be taxed ut the price paid the I
United States therefor unless the /
surface ground or some part thereof (
of such mine or claim is used for 9th /
er than mining purposes. and has a I
separate and independent value for /
such other purposes; in which case !
said surface ground or any part there ,
OF SO used for other than mining pur- (
poses shall be taxed at its value for
such other purposes as provided by I
law. and all the maehilcrv used in /
mining and all proIertv and surface 1
improvements upon or dppUrtenant to .
mines and mining claims which haze !,
a value separate ana independent of =
such mines or mining clahns. AMI the /,
NET annual proceeds of all mines and !
mining claims. shah be taxed as pro- /
vidod bv law
,u-i.. .t.. ,,i,.,,,..,itt,., .,e ~ a,
,i.i.,til,, ,,s,',a i6 ~ cnnt,nn,tn, aeyotn
-, a.. ,,,,,,t,+e, az tI,a ,,1,oIe ~,
iit ,'i'U H. ,',,tli
= = &c , =, ~ - t1i - i,t
9'.i.s,es -, @t'u tItNie1o ~ ,~,+aS.ao in
~. 80 'r,.t, ,,.. t. ti.a,. I
,si'.i, ti'e 10 ~, AK fhr@,,.rp
otii,ai 'u iv7 ''l,t ,s,ss
" -''tV"' - ,'t,,.s,I 49,, |
~ - .+r,,., an
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""e ""u 'iie "'''' ""a N'V
ihe artlcle ADOPTED ; Aa Hio"S'
section j. Each oi IN" u"d .i't'.e e.,
penal and relorma tory iH''il,'ieA' 81 |
thc state ot New AitNi'fs nan T" az
der The control ol - pl-pdfis "a hps iu /
ot directors. the member "I WlirH /
shall DE appointed by the governor t"r
II term ol four years, aud aoui fmau |
hy the senate. The mowers aHi Hn- 4