The Bakersfield Californian from Bakersfield, California on October 27, 1908 · Page 9
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The Bakersfield Californian from Bakersfield, California · Page 9

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Tuesday, October 27, 1908
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THE BAKERSPIELD CALIFORNIAN. LEGAL. GOVERNOR'S ELECTION PROCLAMATION LEGAL. State of California, Executive Department. Seawall Act" and the "India Basin Act," will be submitted to the people of this state, to be voted on by them. SENATE CONSTITUTIONAL AMENDMENT NO. 1. CHAPTER 27. Senate Constitutional Amendment No. 1. A resolution to propose to the people of the State of California amendement to the Constitution of the State of Call. fornla providing for the separation of state and local taxation, providing for the taxation of public service and other corporations for the benefit of the state, and to that end amending sections one, car companies operating upon rail-' mails in this state: every company (!oin« c\pii-ss business on any rail>o:i,l. .sh'utnliuat, vessel or stage line in this at n'e; telegraph companies, telephony companies: companies engaged In tiii 1 transmission or sale of gas or eleotrlclty; i!i.-.,..ance companies, banks, banking associations, savings anil loan societies, and trust companies: and taxes upon all franchises of every kind and nature, shall IK- entirely and exclusively for state purposes, and shall be levied, as. sensed and collected in the manner In relnafter provided. The word "companies" as used In this section shall LE4AL. LEGAL. LEGAL. value of the capital,stock or any bank there shall be deducted from the val defined above, the value, as as against any officer thereof, to have The legislature of the State of Ci* tax, levied under the provisions Ifornia, at its regular session, of tills article, declared Invalid or lo In accordance with law thereunto •directing me, 1 hereby proclaim and ,glv e notice that a General Election will be held throughout the State of California on Tuesday, the 3rd day of .November, A. D. 1908, at which election the following officers will be elected, and fhe following propositions and proposed Constitutional Amendments will be voted on, namely: Ten Electors of President and Vice President of the United States. Also, eight Representatives to the Congress •of the United States, being •one Representative from each Congressional District in the state, as .prescribed by law. Also, one Associate Justice of the .Supreme Court of the State of California for the nnexplred term of T. B. McFarland,, 'deceased, term ending January, 1911, vjc$ Henry A. Melvln, .appointed. Also iwfUly Members of t'hn Sen. .. - ._.._. t* of thp s.- t of CaHfo ; nla> be f n V to ultimately separate the sources of j and other car companies °P era . U "S from each of the follow- revenue for state purposes from the upon the railroads In Jhls state, all include persons, partnerships, Joint- stock associations, companies, and corporations. All property, not exempt from taxation, except those classes of property enumerated In this seci.ion. shall be subject to assessment and taxation. In the manner provided by law, for countjfi fclty &nd county, city, towu, tuwjjship, and district purposes. .Provided, that until the year burse San _. the state shall r'elm- , --- Bernardino. Placer and -.._ „ ... . ... . Y«-ba Counties for the net loss In ten and eleven of article thir4$9o, I county revenues occasioned by the and adding to article thirteen two new sections to be numbjtfed sections fourteen and fifteen* and repealing section ten of article eleven withdrawal of railroad property from county taxation. (a) All rallroa.il companies, Includ operated sleeping . _, ,. . Adopted March Jl )• ian - }?0r. •.ate of the S* | far, dining car. drawing-room car, and pajace car companies, all refrigerator, dWlrableiul!. stock, fruit, and other car-loaning .ug Senatorial Districts, as prescribed by law, to-wit: First, Third, Fifth, Seventh, Ninth, Eleventh, Thirteenth, Fifteenth, Seventeenth, Nineteenth, Twenty-first, Twenty-third, Twenty- fifth, Twenty-seventh, Twenty-ninth, Thirty-first, Thirty-third, Thirty-fifth, Thirty-seventh, Thirty-ninth. Also, eighty Members of the Assembly of the State of California, being one member of the Assembly for each of the eighty Assembly Districts In the state, as prescribed by law. Also, four Judges of the Superioi Court of the State of California, li and for the City and County of San Francioco, for the term prescribed by Jaw. sources of revenue for county and municipal purposes; now, therefore. The legislature of the State of California, at its regular session, commencing the seventh day of January, nineteen hundred and seven, two- thirds of all the members elected to each of the two houses of said legislature voting In favor thereof, hereby proposes to the qualified electors of the State of California fhe following amendment to the Constitution of the State of California: First. Sections one, nine, ten and eleven of article thirteen are hereby amended so as to read: SECTION 1. All property In the state except as otherwise In this Also one Judge of the Superioi I «on»iit«tlon provided not ext-ii^t un- -- - v der the Iaw8 pf the United Stales, shall be taxed In proportion to Its value, to be ascertained as provided by law. or as hereinafter provided. The word "property," as used in this article and section, la hereby declared to include moneys, credits, bonds, stocks, clues, franchises, and all other matters and things, real, personal, and mixed, capable ot private ownership; provided, that property used for free public libraries ana free museums, growing crops, property used exclusively for public schools, and such as may belong to the United Court of the State of California, ID and for the City and County of San Francisco, for the unexplred term of Frank H. Kerrigan, resigned, term expiring January, 1911, J. A. Hosmer appointed and deceased, vice George A. Sturtevant, appointed. Also, four Judges of the Superior Court of the State of California, In and for the County of Los Angeles, for the term prescribed by law. Also, one Judge of the Superior Court of the State of California, in and for the County of Los Angeles, for the remainder of the unexplred term of E. N. Smith, deceased, ending ] States, this state, or to any county January, 1; i'" appoiuteu. Also, tliroe Court of the vice \V, H. Jamison,'or municipal corporation within this f state shall b e exempt from taxation. .aJgos of the Superior! The legislature may provide, except State of California, in ] in the case of credits secured by mort- and for each of the Counties of Ala-j Rage or trust (lend, for a nu-da, and Sacramento, respectively, , from credits of debts due to bona for the term prescribed bv law. < line residents of this state. Also, one Judge of the Suporiol j SKC. 9. A state board of equnliza California, in consisting ol one member from ssional district In this Court of the Stale of and for the County of Alameda, fur ! each congre Ihe remainder of the term of Henry state, as the same existed in tin A. Melvln, resigned, ending January, , eighteen hundred 1909, vice Everett J. Brown, appoint- , e(1 I tors of their respective Also, one Judge of the Superior Court of the State of California, in and for the County of Sacramento, for the remainder of the term of E. C. Hart, resigned, ending January, 1900. vice C. N. Post, appointed. companies doing express business on any railroad, steamboat, vessel or stage line In this state; all telegraph and telephone companies; and all companies engaged In the transmission or sale of gas or electricity shall annually pay to the state a tax upon their franchises, roadways, roadbeds rails, rolling stock, poles, wires, pipes canals, conduits, rights of way, and other property used in the operation of their business in this state, computed as follows; Said tax shall be equal to the .percentages hereinafter fixed upon the gross rcelpts from op- ration of such, companies and each (hereof within this state. When such companies are operating partly within and partly without this state, the gross receipts within this state shall be deemed to be all receipts on business beginning and ending within this state, and a proportion, based upon the proportion of the mileage within this state to the entire mileage over which such business Is done, of receipts on all business passing through, Into, or out of this state. Such taxes shall be In lieu of all other taxes and licenses, state, county, and municipal, upon the properly above enumerated of such companies: provided, that nothing herein shall be construed to release any such company from the payment of any amo'um agreed to be paid or required by law to be paid for any special privilege or franchise granted by the municipal authorities of this state The percentages above inontionei shall he as follows: On all railroad companies. Including street railways four per cent; on sleeping car. dlnlns? car. drawing-room car, pulac car companies, refrigerator, ot!, stock, and other car-loaning and otlv- seventy-nlne. | er c;tr companies, three the general election to be held In tho year one thousand nine hundred and ten, and at each gubernatorial election thereafter, whose term of office shall he for four years. Tho control- ice u IN. !-»«, ayK— - .I'''' "f BtllU ' Hha11 be cs -" m '- 10 " m .'T Also' two Judges of the Superior ber of the board. Said board shall be Court of the State of California, in! the successor of the present stale and for each of the Counties of Hum- board of equallzaUon, whose member.. per cent: on shall 1)0 elected bv the qualified elei. lull companies doing express business - ' •• districts, at ion any railroad, steamboat, vessel or sias;e line, two per cent; on all tele- boldt, Santa Clara, San Diego, San Joaquin and Sonoma, respectively, for the term prescribed by law. Also, one Judge of Court of the State of the Superior California, In and for the County of Sonoma, for the remainder of the term of A. O, Burnett, resigned, ending January, 1909, vice Thomas C. Denny, appointed. Also, one Judge of the Superior Court of the State of California, In and for the County of Santa Clara, for the remainder of the term of A. L. Rhodes, resigned, ending January, 1909, vice John E. Richards, appointed. Also, one Judge of the Superior Court of the State of California, in and tor the County of San Diego, for the remainder of the term of "N, H. Conklln, deceased, ending January, 1909, vice T. I-.. Lewis, appointed. Also, one Judge of the Superior Court of the State of California, In and for each of the following Counties, respectively, to-wlt: Alpine, Amador, Btitte, Calaveras, Colusa, Contra Costa, Del Norto, El Dorado. Imperial, Inyo, Kern, Lake, Lassen, Marln, Marlposa, Mendocino, Merced, Modoc, Mono, Monterey, N'apa, Nevada, Orange, Placer,, Plumas, San Ben- Jto San Bernardino, San Uiis Oblspo, Sail Mateo, Santa Barbara, Santa Cruz Shasta, Sierra, Sisklyou, Solano, Stanislaus,, Butter, Tehama, Trinity, Tuolumne, Venture, Yolo and Yuba, for the term prescribed by law. shall continue in office until theif successors, as herein provided for, shall be elected and shall qualify. The legislature shall have power to redistrlct the state Into four districts, as nearly equal in population as practical, and to provide for the election of members of said board of equalization. It shall be the duty of said board to assess and levy the taxes provided for in section fourteen of this article and to perform such other duties in relation to taxation as this constitution or the legislature may proscribe. The boards ot supervisors of the several counties of the state shall constitute boards of equalization for thefr respective counties, whoso duty It shall be to equalize the valuation of the taxable property in the county for the purposes of taxation. Such county boards o equalization are hereby authorized and empowered, under such rules of notice as they may prescribe to raise or lower any assessment contained in the assessment roll so as to equalize the assessment of the property contained in said assessment roll, and make the assessment conform to the true value In money of the property contained in said roll. But no board of equalization shall raise any mort- Also, one Judge of Court of the State of the Superior California, In and for the County of Shasta, for the remainder of the term of C. M. Head, failed to qualify, ending January 1913, vice George W. Bush, appointed graph nnd telephone companies, three and one-half, per i cut: on all companies engaged in the transmission or sale of gas or electricity, four per cent. . tb) Every InsVirunce company or association doing business in this state shall annually pay to the state a tax of one and one-half per cent upon the amount ol the gross premiums received upon its business done in this stale, less return premiums and reinsurance in com panics or associations authorized to do business in this state; provided, that there shall be deducted from said one and one- half per cent upon the gross premiums the amount of any county and municipal taxes paid by such com- panics on real estate owned by tin m in this state. This tax shall be in ed for county taxes, of any real | prevent or enjoin the collection thoro- 'i other than mortgage Interests t or until such tax has been actually wnod by such bank and tax-| paid: but after such payment, action ' may bo maintained to recover any tax Illegally collected in such manner and within such time as may now or hero, provided by law. Section ton of article eleven or said constitution Is hereby repeal- oil. SENATE CONSTITUTIONAL AMENDMENT NO. 14. d fur county purposes. The banks shall lie liable to the state for this ax and tho same shall be paid to the stale by them on. behalf of the stock loliler-i in die manner and at the Ime prescribed by law, and they shall lave a lien upon tho shares of stock and upon any dividends declared thereon to secure the amount so paid., The moneyed capital, reserve, sur-] plus, undivided profits and all other property belonging to unincorporated nan!;* fir bankers of this state, or held by any bank located In this state which has no shares of capital stock, or employed In this state by any branches, agencies or other representatives; of any banks doing business outside or the State of California, shall he likewise assessed ftnd taxed to such hanks or bankers by the said i hoard of equalization, In 'the manner t to be provided by law, and taxed at the same rale that Is levied upon tho shares of stock of Incorporated banks, as provided in tho first paragninh of HiTs Bub-division'. Tho value of satd property shall he determined by taking the' entire property Invested In such business, together with all the reserve, surplus and undivided profits. Including, flio Rood will of the bus!at tholr full cash value, and deducting therefrom, the vajtie as assessed for county taxes of any real eataty other than mortgage Interests therein, owned by such bank, and tax. ed for county purposes. Such taxes shall he in'lfni of all other taxes and licenses, state, county and municipal, upon the property of the banks and bankers mentioned In this paragraph, except taxop on real estate. It Is the intention of this navngraph that all I u()vf , rnol , moneyed capital ami properly 1 oi tho i ' ' ' l«n»l. r . ~~.l \~.-l n., t I..** ...3 l« 4Ul.. 1* ' CHAPTER 37. Senate Constitutional Amendment No. 14. A resolution to propose to the people of the State of California, an amendment to the constitution of the State of Cal'- fornia, amending section nineteen of article five of said constitution, relating to the compensation of state officers. Adopted March, 14, 1?07. Tho legislature of the State of Cal ^ COO* menclng the 7th riay of January, A. D, 1'jn?, two-thirds of all the member* voting in favor thereof, hereby »T* pose that article thirteen of the COliV stitutiou of th State of California tx» amended by repealing section four thereof. Article thirteen of the constitution of the State of California Is herebf amended by striking therefrom and repealing section four thereof, whlcll section reads as follows: Section 4. A mortgage, deed ot trust, contract, or other obligation \>T which a debt is secured, shall, for Uw purposes of assessment and taxation, be deemed and treated as an Interest Iii the property affected thereby. Bt- cept as to railroad and other quasi- public corporations, In case of debt so Bcctired, the value of the property affected by such mortgage, deed Ot trust, contract, or obligation, less th« value of such security, shall be •*• , sessed and taxed to the owner of tne i property, and the value of such secur- shall be assessed and taxed to Ifornia, nt its regular session. oom-| ( ] lc , own or thereof. In the county, city, mcncing on the seventh day of January, A. L>. nineteen hundred and seven, Iwo-thlrdH of all tho members elected to each of the houses of said leg Islature voting In favor thereof, hereby propose that section nineteen of article five of the constitution of the §tiUo 9! ctUiiwiiRj h <? (wen^eii *° us to read" as follows: • ., in. The governor, lleuten troller, attorney-general, mid Hiirveyor-penernl shall, at stated times during their continuance in office, receive for their services a eoni pensation which shall not be Increased or diminished during the terra for which they shall have which compensation Is been elected, hereby fixed •governor' four . . , ' ' ' .' ', . . . i * jlllUKUl , Ht'lUeillUlL'K 1 " l -I I' 1 'I . I Oil I banks and bankers mPntlonod In his thoUBBnd (lollal - s , the 8CcrctaPV pf paragraph shall be assessed and tax- t t controller, treasurer nnd'sur- ed at the same rate as an incorporat-1 eyo en , fl thousand dnH-ii-K ™ .... IB w !»lV,ll tuff property at« k ^. thereby Is situate. The tAXM so levied Bhall be a Ueu upon th« lirop.'ily and security, and may »• paid by uttUer party to such security,. If paid by the owner of such secV'~ the tax so levied upon the pro; affected thereby shall become a part of tn debt BO secured; If the owner - *VH nrp.n.arty shall pay the tax 10 of i... - -.»,, r j tv •» .ij.li C0 n. levied on such sec-. : "• ™"J^*i stltute a payment thereon, and, to ^ extent of such payment, & Nil if!*' charge thereof; provided, that it any such security or Indebtedness shall bo puid by any such debtor or debtors, after asuenBHiCiU and before tu« tax levy, the amount of uuch levy may likewise be retained by such debtor or debtors, and shall bo computed according to the tax levy tor the preceding year. «-. ,»— od bank, provided for in the first par-1 agraph of this subdivision In determining tho value of tho moneyed capital and property of tho banks and hankers mentioned In this subdivision, the said state board of equalization shall Include and assess to such banks all property and every thing of value ownod or held by thorn, which oral, six thousand dollars per annum, by them respectively rendered In any official capacity or employment whatsoever during their respective terms of office; provided, however, that the legislature may. by law and had sharco of capital stock. The word "banks" as used in this sumo above the sums hereby fixed by this constitution. No salary shall be authorized by law for clerical service, subdivision shall include banking as- ln any nf fl P(1 provided for in this ar- sooiattons, savings nnd loan societies and trust, companies. (d) Every corporation incorporated ticle, exceeding eighteen hundred dollars per annum for each clerk employed. The legislature may, in its dis- under the laws of this state, except- (-ration, abolish the office of surveyor- inp the corporations mentioned in the general; and none of the officers preceding subdivisions of this section hereinbefore named shall receive for and excepting all educational, rellgi OUR and charltaWe corporations, and all corporations which are not organized for pecuniary profit, shall pay an annual tax to the state upon its fran- rlil.v to lie ;i conionition. Mini every corporation Incorporated elsewhere, 1 and doing business in this state, other I than the corporations mentioned In | the preceding subdivisions of this j section, shall \»\\ "H :miiu;il dx H> the siate upon Its rlcbt |o do business in this slate, as follows: When the :i\i!liori7.ed capital stock of the corporation does; not exceed ion thousand lollars ($10,0(10) the tax shall be ten dollars ($10.00); when the authorized: Capital stock exceeds ten thousand! lollars ($10,000) but does not exceed ; twenty thousand dollars ($20.000) the tux shall be fifteen dollars ($15.00); when the authorized capital stock exceeds twenty thousand dollars ($20,. 000) imt does not exceed fifty thousand dollars ($50,000) the tax shall T>c twenty dollars ($20.00); when the au thier own use any fees or perquisites for the performance of any official dti ty. SENATE CONSTITUTIONAL AMENDMENT NO. 16. SENATE CONSTITUTIONAL AMENDMENT NO. 29. CHAPTER 40. Senate Constitutional Amendment No, 29, A resolution t* propose to tht peopli of the State of California an amendment to th* constitution of the State of California by amending action 1, of article 16 thereof, relating to state Indebtedness. Adopted March 14, 1907. Resolved by the Senate, -fao Assembly concurring, that, the legists lure of the State of California, at Its regular session, commencing on the ih day of January, 1907, two-thirds of all members elected to each of the houses of said legislature voting In favor thereof, hereby propose that section 1 of article 1'i of the constitution ot the State of California, be amended so as to read as follows: "Artioli' Hi, Stale Indebtedness. "SECTION 1. Tb.- legislature shall not, in any manner, create any debt ir dents, liabiliiv ><r ,.ahiliti> •-, whlcll shall, singly or in (he aggregate with any previous debts or liabilities, exceed the sum of three bun ilivil thousand dollars. except in ease of war to repel in- i.!- - lie ••' --• Ilislineclioll. UQ- CHAPTER 35. Senate Constitutional Amendment No. 16. A resolution to propose to the people of the State of California, an amendment to the, constitution of the state, by amend-i i eag tne same shall IIP authorized by ing section 2 and 23 of article four I ] aw f()| . K()mo single object or work to thereof, relating to the length of | )„. ,|,.-,t n ici:y specified therein, which legislative sessions, the compensa- j j aw s !, a ]j provide ways and means, tion of members of the legislature, and limiting the expense of employees of the senate and assembly. Adopted March 14, 1907. The legislature of the State of Cal Ifornia, at its regular session, commencing on the seventh day of January, In the year one thousand nine hundred and seven, two- thirds of all the members elected to each of the houses of said legislature, voting In thorlzed capital stock exceeds fifty favor thereof, hereby propose that thousand dollars ($50,noo) but does section two and twenty-three of artl- not. exceed one hundred thousand dollars ($100,000) the tax shall be twenty-five dollars ($25.00); when the authorized capital stock exceeds one cle four of the constitution of the State of California, bo amended so as to rend as follows: Section 2. Tho sessions of the log- hundred thousand dollars ($100,000) ] islaturo shall commence at twelve lieu of all other taxes and licenses, state county and municipal, upon the property or such companies, except county 'and municipal tuxes on real estate'; provided, that when by tne laws of any other state or county, any taxes, fines, penalties, licenses, tees, deposits of money, or of sccur ties, or other obligations or prohibitions. are Imposed on insurance companies of this state, doing business In such other state or country, or upon their agents therein, In excess of sm.n ^" 8 ' : Imt dues not exceed two hundred and fifty thousand dollars ($250,000) the lax' shall be fifty dollars ($50.00); o'clock M. on the first Monday after of the interest of such debt or liability as it falls due, and also to pay and discharge the principal of such debt or liability within seventy-five year* of the time of the contracting thereof, and shall be irrepealable until the principal and interest thereon shall be paid and discharged, and such law may make provision for a sinking fund to pay the principal of such debt or liability to commence at a time uftoh the Incurring of such debt or liability of not. more iban a period of one-fourth of the lime of maturity of such debt or liability, but no such law shall take effect until, at a general election, it shall have been submitted to the people and shall have received a ma- when the authorized capital stock ex-j and alter the election held In the year ceeds two hundred and fifty thousand > 18KI>, shiill be biennial, unless the ROV the first day of January next siic-.j orWy O f all the votes cast for and ceediug the election of its members I against it at such election; and all moneys raised by authority of such law shall be applied only to the ape- lollars ($250.000) but does not exceed | ernor shall, In the Interim, convene clflc object therein stated or to the five hundred thousand dollars ($500,- noii) the tax shall be seventy-five dol- legislature by proclamation. No shall be Introduced in either lars ($75.00); when the authorized | house forty days afUur the commence- capital stock exceeds five hundred thousand dollars ($500,000) but does, not exceed two million dollars ($2.000,000) the tax shall bo one hundred rnont of each session without tho consent of three, fourths of the members thereof. Section 23. Tho members of th« dollars ($100.00); when the authorlz-I legislature shall receive for their sor- ed capital stock exceeds two million j vices (hi- sum or one thousand dol- dollars ($2,000,000) but does not ex- lur.s Mi-ch for ''fic-h regular session, to coed five million dollars ($5,000,000) | bo paid at. such times during the ses the tax shall be two hundred dollars i sion as may bo provided by law, and lt other I ($200.00); when the authorized cap.- ons o prohbitions, imposed upon insurance companies of such other state or country, so long as^ s continue In force the 8am ? tal stock exceeds million dollars ($,",.11011,000) tho tax shall be two hundred and fifty dollars ($250.00). (e) All franchises, other than the sum of ten dollars each, for each | day while In attendance at a special • or extraordinary session, for a num- j bop of days not exceeding tnlrty; ami i payment of the debt thereby -created, ami such law shall be publtp.ned la at least one newso;>per In each county, oP city and county, If one be published tnereln throughout the state for three n,,-n.., H next preceding the, election at which It Is submitted to the people. The legislature may, at any time after the approval of such law by the people, it' no dobt shall have been con- tractciS In pursuance thereof, repeal ihe s.nne." mileage to be fixed by law, all paid tlons and gage, deed of trust, contract or other i kin ,i may v, e imposed of whatsoever those expressly provided for in this j out of the state treasury; such mil- hir the loglsla- soctlon, shall be assessed by thejoago shall not exceed ten rents per obligation by which a debt is secured, money or solvent credit, above Us face value. SEC. 10. All property, except as otherwise In this constitution provid- j ed, shall be assessed in the county, city, city and * UI " or district In lure upon Insurance such other state or business In this state. ,:ompanies ol country doing ,, The sUarcs ^ the f n banks organized 8 Uuated, this state, or of the l.nit , ' " ' the manner P r "«' be «*>y >»* Also, one Judge of Court of the State ot and for tho County of the Superior California, In Plumas, for the remainder of the unexplred term of J. D. Goodwin, deceased, ending January, 1909, vice James O. Moncur, appointed. Also, one Judge of the Superior sessed collected from persons, ° f lopated ,„ thls stnt e, shall led and taxed to the owners or b = th 1 * 8 lh() stato board of equalization at their i mile; and each member shall bo al j actual value, and shall bo taxed at'lowed contingent expenses not ex t the rate of one per centum thereon ! cowling twenty-five dollars per mem j each year, and the taxes collected ! ber for each regular biennial session i thereon shall be exclusively for the: Tho legislature may also provide for! additional help; but in no case shall I the total expense for officers, employ- I [ ees and attaches exceed tho sum of) llvo hundred dollars per day for either house, at any rgular or biennial session, nor thn sum of two hundred dollars per day for either house, at any special or extraordinary session, nor benefit of the tlon shall be Bolf-executlng, but the legislature may pass all laws necessary to carry this section Into effect. taxes heroin provided for shall ho levied and assessed on the first Monday In March of each year after . zatlon in tho manner to be by law, in the city or town . n ( ni ,,v.,., „. UA v.« u , u ... u .j „«„.,. — , ..«. liank Is located and not e ise wn - thf _ a( j optlon of thls amon dmont and ] Khali tin. pay of any olilcor, employee There shall be levied and ass( ';' n : shall become due and payable on the or attache be Increased after ho upon such shares of cap Uai stoch ai firgt Monday ln June thcrea fter. The elected or appointed nnmtnl tax. navablc tO the Stilt' , crt-ntiu nnrnlnfva on^ ornaa nrnminms - Court of the State of California, In nnd for tho County of Santa Barbara, I corporations, Joint-stock associations, or companies resident or doing business in this state, except those provided for In sub-divisions (a), (b) and (c.) of section fourteen of this article, or any one or more of them in one pt)1 . c ,. mu , n upon tin- vauie u,-. -- , im , iu mentlonPd ghal , , )C computed; such cases and amounts, and in such , Tne va , ue of ea ,. n share of stock in f||i , |h(i v(>|ir (;n(llnK , h) , tn | rty .|| rH t day, ^,.,^,,^,, lt .,, , ,,„. ..„. .-,,-,,.,,„ ,. . ,.<- ..-.,.» ............ manner, as shall bo prescribed by i parj) bauki except such as are in n[ necembor prlor to the 10vy of; CHAPTER 11. Senate Constitutional extend any franchise or charter, nor gross earnings and gross premiums SENATE CONSTITUTIONAL AMENDMENT NO. 26. SENATE CONSTITUTIONAL AMENDMENT NO. 31. CHAPTER 16. Senate Constitutional Amendment No. 31. A resolution to propose to the people of the State of California an amendment to the constitution of the State of California, relating to the extension of the terms of existence of corporations. Adopted February 27. 1907. The legislature of the State of California, at Its thirty-seventh session, two-thirds of all members elected M the Senate and Assembly voUn* therefor, proposes to the qualified electors of the State of California the following amendment to section seven of article twelve of the constitution: Section seven of artlclo twelve of the constitution is hereby amemied so a> to read as follows: Section 7. The legislature shall not law. i racu uaim, v->^v-r- ">•— , I liquidation, shall be taken to be the I i . i ,.1 4.1 tVtn..rmn tOffntllOl* Wltll and tho value of any prop- , , l4Ulutvll ,,.., «, ...... ~- ....... second. Thore Is hereby added to > amollnt pa |d in thereon, together vmn (r|y mpntlonn(1 heroin shall be fixed for the remainder of the unexplred | article thirteen two new sections to , jta pro ,. ata of tbo accumulated sur ^ Qf (hc d(lt(j of HQ j d leyy Nothing term of J. W. Taggart, resigned, end- i be numbered fourteen aud fifteen nml lplufl anrt undivided profits. The value h( . rf ,, n f , onfa | npd 8na u effect any tax ing January. 1909, vice 8. E. Crow, to roa d as follows: . ,,r ,. a ch share of stock In each bank , pv|(ii] or aagwi8(>( j prlor to tne adop . appointed. ! SKC. 14. Taxes levied, assessed |wnicn | H t n liquidation shall be taken t)on Qf th|g 8Cctl0n an( , al] ]aWB ln Also, at Bald election, on said Tues. | an ,i eo llecteu as hereinafter provjclotl | „, b( , ( ls pro rata of the actual as , 1V | Hll(m ,,, H1)cn ,,,„,.„ (,, f r > r co nt the day, the third day of November, A. j ,,,,0,, railroads, Including street rail- v .,, tH ot 8UP h hank. This tax shall be t)mp f)f (ne a(lopt | OD O f this section D., 1908, the following amendments j ways, whether operated In ono- or ln ]1( , u O f a || other taxes and licenses, sna |, reraa j n | n f orce UD tn changed to the Constitution of the State- of more oounUon; Bleeping car, dining 8tat0| county and municipal, upon , )y , ho i e(r i,,i a t urft , Amendment No. 26. A resolution to , propose to the people of the State of California an amendment to the constitution of said state by amend- i emit the forfeiture of any franchise or charter of any quasi-public corporation now existing or which shall hereafter exist uinler the laws of this Htate. The torm of existence of any other corporation now or hereafter existed under tho laws of this state California, and the following Acts of the Legislature, designated reapeo tlrely oa U>« "Second Sam Francisco cor, drawing-room car and palace car BUch B j, ar a B of stock and upon the companies, refrigerator, oil, stock,p,. operty O f 9U oh banks, except taxes fruit, and other car-loaul«e aad otber OE reit | estate. In determining the SBC. IB. No trait, action, or pro- cing shall ever bt maintained ia toy court a«B!nst Ing article thirteen thereof by striking therefrom and repealing section four of said article relative I - . to the assessment of a mortgage, I mny be extondod. nt. any time prior d«e<j of trust, contract, or other ob- to tho expiration of Its corporate «x« llgatlon by which a debt Is aecured Uteuco, for a period of not exceeding * and to taxes due upon such atMM- ttfty years from the date of suck *i-/ tension, by the vote or written ey? Adopted February W, tWl, B«H <* stockholder* representing y v*

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