Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1916-10-28
No. ;.
RELATING TO REVENUE AND
FINANCE.


A JOINT RESOLUTION Proposing and
Agreeing TO an Amendment TO Article
XI OF the Constitution of the state of
South Dakota. Relating to Revenue and
Finance, and Submitting the Same to a
Vote OF the People.
BE II Resolved by the House OF Repre-
sentatives of the State of South pa
kota, the Senate Concurrlng
Section ]. That at the next general
election to be held IN the State of South
Dakota, the following amendment 10
Article XI of the Constitution OF the State
of South Dakota, which is hereby agreed
TO- shall be submitted 10 the electors OF
this state for their approval
That Article XI Of the Constitution of
the state OF South Dakota be amended
so as TO read as follows:
Article NJ
Revenue and Finance
Section l. The legislature shall provide
for an annual tax, sufficient to defray
the estimated ordinary expenses Of the
state for each year, not TO exceed in any
one year an average OF two mills on the
total assessed valuation Of all taxable
property in the state, 10 be ascertained
and county purposes
Sec 2. Taxes shall be levied and col
lected for public purposes only and shall
be uniform upon all property Of the same
class, and all taxes shall be levied and
collected by general law. The legislature
shall have power to divide property into
classes ana TO uelcfUllne what class or
classes of property shall be subject TO
taxation. Taxes may be imposed on in
comes, privileges and occupations, which
taxes may be graduated and progressive,
and reasonable exemptions may be pro
Vided; franchises and licenses 90 do busi-
ness IN the state, gross earnings and net
income may he considered in taxing per-
sons, firms, joint stock companies assoc
cations, o~partnerships or corporations
Sec 3 Tie power TO tax corporations
ana corporate property shan not be sur
rendered or suspended by any contract
y grant to which the state shah lie a
see L. The property Of the United
states and Of the state, county and mu-
nlcipal corporations. both real and per-
sonal, shall be exempt from taxation
Sec. B. The legislature shall, by gem
eral law, exempt from taxation property
used exclusively for agricultural and hor-
tlcultural societies, for school, religious,
cemetery and charitable purposes.
Sec. G. No tax shall be levied except
m pursuance OF a law which shah dis
tinctly sta te the object of the same, 10
which the tax only shall he applied
sec. z All taxes levied and collected
ior state purposes shall be paid into the
state treasury No Indebtedness shall be
incurred or money expended by the state
and no warrant shall be drawn upon the
state treasurer except in pursuance Of an
Appropriation for the specific purpose first
made The legislature shall provide by
suitable enactment for carrying this see
ton into effect
Sec. S. The legislature may vest the
corporate authority of Cities towns and
village with power to make local inn
proYeilents by special taxation OF contig-
uods property or otherwise. For all cor
poTate purposes all municipal corpora
items. may be vested with authority TO
1ssess and collect taxes; but such tax
ban be uniform on the same class OF sub
jects
sec. Q. An accurate statement on tho
receipts and expenditures oG the public
money shall bf pubiiehpd aputi.f ffy- a.,
sucl manner as the legislature may pro-
vide.