Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-10-29
''ARTTCLE VII.
TAXATION AND REVENUE.

TAXATION AND REVENUE.
Section l. Taxes levied upon tangi-
BILE property shall be in proportion
to the value thereof and taxes shall
be equal and uniform upon subjects OF
taxation Of the same class
Section 2. Taxes levied upon real
or personal property for state revenue
shall not exceed four mills annually
on each dollar Of the assessed valua-
ton thereof except for the support OF
the educational penal and charitable
Institutions Of the state. payment or
the state debt and interest hereon; and
the total annual tax levy upon such
propery for all state purposes exclu-
sivc Of necessary levies for the state
debt shall not exceed ten mills.
Section g. The property Of the Unit
ted States. the state and all corpora
lions, Towns, cities and School Dis
tricts. and other municipal corpora
tions. public libraries, community
bitches and all laterals thereof, all
church property all property used for
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
trlcts thereof shall be exempt from
taxation.
Section 4 Any public officer maxi
ing any profit out of public monies or
using the same for any purpose not
authorized by law, shall be deemed
guilty Of a felony and shall be pun
ished as provided by law, and shall be
disqualified to hold public office, All
public monies not invested in interest
bearing securities shall be deposited
in National Banks In this state or IN
banks or trust companies incorpora-
ted under the laws of the state, and
the interest derived therefrom shall
be applied in the manner prescribed
by law
Section 3 The Legislature may eX-
empt from taxation property of each
head of family to the amount Of
two hundred dollars
Section s. Lands held in large
tracts shall not be assessed for taxa
ton at any lower value per acre then
than lands Of the same character or
quality and similarly situated, held
In smaller tracts. The blowing of
land shall not be considered as adding
value thereto for the purpose of tax
alton.
Section z. No execution shall issue
upon any Judgment rendered against
the board OF county commissioners OF
any county or against any incorpora-
ted city. town or village. school dis
trlct or board of education, or against
any officer OF any county, incorpora-
ted city, town or village, school dis
trict or board of education, upon any
Judgment recovered against him in
his official capacity and for which the
county, incorporated city, town or
village. school district or board of ed
ucation, is liable. hut the same shall
be paid out OF the proceeds of a tax
levy as other liabilities of counties,
incorporated cities. towns or villag as,
school districts or boards of education.
and when SO collected shall be paid
by the county treasurer TO the Iudg-
ment creditor"
Two Years for Officers.
The shortest amendment is that te-
gardng the term of county officials,
This would limit their terms to Two
years instead of four. A copy follows,
THAT Section Two of Article Ten
OF the Constitution of the State of New
Mexico, be amended so as TO read as
follows.
ARTICLE Y.
Section .. All County officers shall
be elected for term of two years,
and after having served two consecu-
tive terms. shall be ineligible to hold
any county office for two years there
after"
The last limits the terms OF the *
ecutive state officers TO two years
Here It isl
THAT Section One OF Article Five
OF the Constitution of the State OF
New Mexico, he amended 50 as to read
as follows.
ARTICLE v
Section /. The executive depart
ment shall consist of governor. lieu
tenant-governor. secretary OF state
state auditor state treasurer. attor-
lnev-xeneral snparinteudent of public