The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-07-17
Aftictc VIII.
Taxation and Hscvcnuc.

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Section 1. Taxes levied upon tang
ible property shall DC In proportion
TO the value thereof. and taxes shall
be equal and uniform upon subjects
OF taxation Of the same class.
Sec. 2. Taxes levied upon real or
personal property for state revenue
shall not exceed foul mills annually
on each dollar OF the assessed valua-
ton thereof except for the support
OF the educational. penal and charita-
bile institutions Of the state, payment
OF the state debt and interest there
on; and the total annual tax levy up
on such property for all state bur
poses exclusive OF necessary leyies for
the state deot shall not exceed ten
mills.
Sec. 3. The property Of the United
states. the state and all counties.
towns and cities and school districts.
and other municipal corporations,
public libraries. community dltches
and all laterals thereof. an church
property, all property used for odu-
c%ational or charitable purposes. all
cemeteries not used or held for pri-
vate or corporate profit. and all bonds
OF the state OF New Mexico. and of
the counties. municipalities and dis
tricts thereof shall be exempt from
taxation.
Sec. 4. Any public officer making
any profit Out Of public monies or
using the same for any purpose not
authorized by law, shall be deemed
guilty OF q felony, and shall ice pun
ished as provided by law and
shall ae disqualified to hold pub
lie office. All public monies not
invested In interest bearing Sc
curitles shall be deposited In national
banks In this state or in hanKs or
trust companies Incorporated under
the laws of the state and the interest
derived thercfrom shall he applied In
the manner prescribed by law.
Sec. q. The legislature may exempt
from taxation property Of each head
Of a family TO the moua of two
hundred dollars.
Sec. 6. Lands held IN large tracts
shall not he a. essed for taxation at
any lower value per acre then (than)
lands OF the same character or quail
ity and similarly situated. held in
smaller tracts. The blowing Of land
shall not be considered as adding
value thereto Tor the purpose OF tax
alton.
Sec. Z. No execution shall issue
upon any Judgment rendered against
the board OF county commissioners
81 any county. or against n incor-
poraied city. town or village. school
district or board OF education. or
against any officer Of any county, in
corporated city. town or village,
school district or board OF education.
unon any Judgment recovered against
him In his official capacity and for
which the county. Incorporated city.
town or village, school district or
board Of education. Is liable. but the
same shall be paid out OF the pro-
Goods OF a tax levy as other liabil-
tiles Of counties, Incorporated cities,
towns or villages. school districts or
boards OF education, and when So col
lected shall be paid by the county
treasurer to the judgment creditor.
Proposing an amendment OF Ot3)
section two Of article ten OF the
constitution OF the state Of New
Mexico. (S. sub. $. J. n. No. 10;
flied March 10. 1870:
he u Resolved BY the LEGISLATURE OF
the State OF New Ms1ico;
That Section Two Of Article Ten
Of the Constitution 81 the state Of
New Mexico he amended 20 as 10
read as follows;
Article n.
Section 2. All county officers
shall be elected for a term OF two
years, and after having served two
consecutive terms. shall be ineligible
10 hold any county office for two
years thereafter.