Las Vegas optic., 1914-07-24
LEGAL NOTICE
JOINT RESOLUTION No. 12

Mexico, Entitled Taxation and
Revenue" S. Sub. S. ]. r. No. 70;
Filed March 10, 1913.
Be 1t Resolved by the Legislature of
The State of New Mexico:
| That Article VIII of the Constitu-
ton of the State of New Mexico, en-
titled Taxation and Revenue" be
and the same hereby is amended so
as to read as follows:
ARTICLE VIII
Taxation and Revenue
fSection l. Taxes levied upon tan
gible property shall be 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 four mills annually
on each dollar of the assessed vaIua-
ton thereof except for the support
of the educational, penal and charit- |
able institutions of the state payment
OF the same debt and interest there |
on; and the total annual tax levy
upon such property for all state pur-
poses exclusive of necessary levies
for the state debt shall not exceed
ten mills.
Sec. g. The property of the United
States. the State and all Counties,
Towns, Cities and School Districts.
and other municipal corporations, pub
lie libraries, community bitches and
all laterals thereof, all church prop
erty, all property used for educational
or charitable purposes, all cemeteries
not used or held for private or cor
porate profit, and all bonds of the
State of New Mexico, and of the
counties, municipalities, and districts
thereof shall be exempt from taxation.
Sec. a. Any public officer making
any profit out of public monies oil
using the same for any purpose no
, authorized by law, shall be deeme,
guilty or a felony and shall be punish
ed 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 the State or in
banks and trust companies incorporate
ed under the laws of the State and
the interest derived therefrom shall
be applied in the manner prescribed
by law.
Sec. s. The Legislature may ex-
empt from taxation property of each
head of a family to the amount of
two hundred.
Sec. 6. Lands held in large tracts
shall not be assessed for taxation at
any lower value per acre then (than)
lands of the same character or quality
and similarly situated, held in smaller
tracts. The plowing of land shall
not be considered as adding value
thereto for the purpose or taxation.
Sec. z No execution shall issue
upon any judgment rendered against
the board of county commissioners of
any county, or against any incorporat-
ed city, town or village school dis
trict or board Of education; or against
any officer of any county, incorporat-
ed 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
education, is liable, but the same
shall be paid out of the proceeds of a
tax levy as other liabilities of coun-
ties, incorporated cities, towns or vii
lagos, school districts or boards of
education, and when so called shall
be paid by the county treasurer to the
judgment creditor.