Page:Proceedings of the Constitutional Convention held in Denver, December 20, 1875.djvu/693

This page has been proofread, but needs to be validated.
CONSTITUTIONAL CONVENTION.
689

tions, or the individual members thereof, shall not be separately taxed, so long as they shall be owned and used exclusively for such purpose.

Section 4.The property, real and personal, of the State, counties, cities, towns and other municipal corporations and public libraries, shall be exempt from taxation.

Section 5.Lots, with the buildings thereon, if said buildings are used solely and exclusively for religious worship, for schools, or for strictly charitable purposes, also cemeteries not used or held for private or corporate profit, shall be exempt from taxation, unless otherwise provided by general law.

Section 6.All laws exempting from taxation, property other than that hereinbefore mentioned shall be void.

Section 7.The General Assembly shall not impose taxes for the purposes of any county, city, town or other municipal corporation, but may by law, vest in the corporate authorities thereof respectively, the power to assess and collect taxes for all purposes of such corporation.

Section 8.No county, city, town or other municipal corporation, the inhabitants thereof, nor the property therein, shall be released or discharged from their or its proportionate share of taxes to be levied for State purposes.

Section 9.The power to tax corporations and corporate property, real and personal, shall never be relinquished or suspended.

Section 10.All corporations in this State, or doing business therein, shall be subject to taxation for State, county, school, municipal and other purposes, on the real and personal property owned or used by them within the territorial limits of the authority levying the tax.

Section 11.The rate of taxation on property for State purposes, shall never exceed six mills on each dollar of valuation, and whenever the taxable property within the State shall amount to one hundred million dollars, the rate shall not exceed four mills on each dollar of valuation; and whenever the taxable property within the State shall amount to three hundred million dollars, the rate shall never thereafter exceed two mills on each dollar of valuation unless a proposition to increase such rates, specifying the rate proposed, and the time during which the same shall be levied, be first submitted to a vote of such of the qualified electors of the State as in the year next preceding such election, shall have paid a property tax assessed to them within the State, and a majority of those voting thereon shall vote in favor thereof, in such manner as may be provided by law.

Section 12.The Treasurer shall keep a separate account of each fund in his hands; and shall, at the end of each quarter of the fiscal year, report to the Governor, in writing, under oath, the amount of all moneys in his hands to the credit of every