The herald., 1912-09-19

insurance, bonding or surety compa-
MES OF such other State or country, SO
long as such laws continue III force
the same obligations ana prohibitions
of whatsoever Kind may toe imposed 10y
the General Assembly of Tins state
upon Insurance, bonding OF surety com
panIcS Of such other state or country
doing business in this state
/. Irrigation canals shall be taxed
on u percentage not 10 exceed TWO per
cent OF their gross receipts, only such
real estate ana the buildings ana StruC-
lures thereon, rights Of way, mdChlu-
cry, tools ana implements as are nee
essury To the operation of any canal
snail be included IN and covered 10y this
tax on gross receipts. All other real
estate and personal property OF the
owner Of any canal shall he locally as
Sessed aud taxed.
). All sugar reiiucries. rice mills,
cotton seed oil mills, cotton seed on
rcuueries and rchnerles of petroleum
and its products shall Ice assessed on
the far market valuation.
=. Until otherwise provided by the
General Assembly by vote Of two
thirds OF the members elected to each
house, all operating mines of sulphur
salt or other minerals, all oil OF IA
wells. all stone quarrics, sand, gravel
and she'll pits shall be taxed upon u
percentage of the gross value of the
product at the mouth OF the mine, well,
quarry or pit. This percentage shall
not exceed five per cent Tor sulphur,
three per cent for salt; two ana one
half Der cent for oil and gas, and two
per cent for rock and other minerals.
inclusive Of gravel sand and shells.
RMS tax shall not apply 10 the product
OF any mines, QudrTIeS or pits or oil OF
gas wells, where the owner, other than
public service corporations, uses the
same for his personal purposes ana
does 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
I IL. AL.
| ject 10 private ownership. the General
Assembly may levy special taxes pei
cubic ward of material taken out and
may levy different special tax tur
each of said objects of taxation. The
| Government of the United states fOI
| any purposes, and contractors engaged
| in the construction of any public work
| for 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 ana the pubic
shores of the state. Every citizen OF
| the State shall have a similar right to
take such materials for his own per
| sOnal use free from t&Nation.( unless
| they are taken for sale. All real dnC
| personal property OF the owners OF
smh mines. wells, quarrieS and pits
except machinery, tools and nipple
| ments absolutely essential to the OPP
Grafton of any mine. oil or gas We'll
stone quarry, sand. gravel or shell pit
and except the products themselves
while in the hands OF the producer
| shall he locally assessed and taxed.
10. All real and personal property
| reserved for local taxation shall be as
| Sessed at such percentage not TO eN-
| coed 100 per cent of its fair market
| value as each local governing author
| ity may establish, and Il lower percent
age may be established for persona
| than for real property or for the val
ueS of improvements than for lanC
| 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
| neld in fee or under easement, may Dt
| assessed separately from, or together
| with the improvements thereon as the
Tax Commission may deem most prac'
| ticable.
| IL. Assessments shall be arranged
geographically as far as possible either
upon the roll or upon separate records
and the General Assembly shall pas:
laws providing for the printing anC
publication in pamphlet form or th'
| records, showing such geographically
arranged assessments, and for the salt
of such pamphlets at small price.
| Is. Every taxpayer shall nave tn'
right of testing the correctness or hi!
Assessment in the Courts within Sucf
time as the General Assembly may pre-
scribe; and no property shall be as
sessed for a sum in excess OF the per
centage of it's fair market value, a.
prescribed by the governing authority
| IA. State licenses and special stat,
taxes shall be due and payable at suci
time as the General Assembly may pre-
scribe.