The herald., 1912-10-31

| insurance, bonding or surety compa-
| mes OF such other state or country, 50
| long as such laws continue ~ T,Icy
| lIe same oDIlSduOIS and prohibitions
OF Whatsoever Kind may be imposed bs
! the General Assembly Of TINS state
I upon insurance, bonding or surety com
/ pdhieS OF such other state or country
/ uolhS business in TINS State.
Z. Irrigation canals shall be taxed
on q percentage not 30 exceed Two prE
cent OI their gross receipts, only SuCG
| real estate ana The buildings ana Sjruy-
| lures thereon, rights OF way. mdgAlu-
cry, tools and implements Us are nee
| eSSdry 10 the operation OF any canal
snail be included in and covered bv this
tttA on gross receipts. All other real
! estate ana personal property Of thu
| owner Of any canal shall be locally as
Sessed and taxed.
5. MI sugar reinCries, rice mills.
cotton seed OIL mills, cotton seed OH
ttHHeilea ana reuncrive OF petroleum
anu ITS products snail be assessed Oh
the tdir market valuation.
:. Intll Otherwise provided by TIM
General Assembly by u vote OF ~ o.
thirds OF the members elected 10 each
mouse. all operating mines OF sulphur.
SAT- or other minerals, all oil or ga~
wells, all stone quurrIrS sand, a.r.tyrI
ana shell pits shall he taxed upon a
percentage OF the gross value OF thu
product at the mouth Of the mine, well
quarry or pit. This percentage shall
not exceed nVe per cent TOR Suluutr.
three per cent Tor salt; two and one
halI per cent for oil and gas, and two
per cent for rock anu other minerals
inclusive OF gravel. sand and shells
! ms lax shall not apply To the product
OF any mines, quaTrIeS or pits or uu OF
gas wells, where the owner, other than
puollc service corporations. uses the
same Tor ms personal purposes ana
uOeS not sell the same or its products
or manufacture the same into another
product for sale. Where gravel sand
or shells are taken from the beds OF
pubic waters. or from shores not sub
Jet TO private ownership, the General
Assembly may levy special taxes per
cubic yard of material taken out and
may levy a different special tax 10!
each of said objects of taxation. III,
Government of the United States foI
any purposes, and contractors engaged
IN the construction of any public work
Tor the State or for the United States
solely for the purposes of such public
work are authorized to take free from
taxation gravel, shell or sand from
the beds OF public waters and the public
shores Of the State. Every citizen OF
the State shall have a similar right L,
take such materials for his own per
sonal use free from taXation,( unless
they are taken for sale. All real ana
personal property of the owners OF
suCh mines, wells, quarries and pits
except machinery, tools and imple-
ments absolutely essential to the op-
GRAFTON Of any mine, oil or gas well
stone quarry, sand, gravel or shell pit,
and except the products themselves
while in the hands of the producer,
shall be locally assessed and taxed.
10. All real and personal property
reserved for local taxation shall be as
SeSSed at such percentage not to eX-
coed 100 per cent of its fair market
value as each local governing author
lty may establish, and Il lower percent
age may be established for personal
than for real property or for the val
ueS of improvements than for land
values.
IL. In all assessments of real prop
erty whether for local or for State pur-
poses, the value of the land shall be
assessed separately from the value OF
the improvements; but railroad, pipe
line and canal rights of way, whether
held in fee or under easement, may be
with. the improvements thereon as the
Tax Commission may deem most prac-
ticable.
II. Assessments shall be arranged
geographically as far as possible either
upon the roll or upon separate records
and the General Assembly shall pass
laws providing for the printing and
in pamphlet form of the
records, showing such geographically
arranged assessments, and for the sale
OF such pamphlets at a small price.
IL. Every taxpayer shall have the
right of testing the correctness of his
assessment in the Courts within such
time as the General Assembly may pre-
scribe: and no property shall be as
seSSed for sum in excess of the per-
centage of its fair market value, as
prescribed by the governing authority. |
IA. state licenses and special State |
taxes shall be due and payable at such |
time as the General Assembly may pre-