applies to un "Contingent Water and Light," or "Contingent Sewerage, Water SEC. 10. The provisions of this act shall apply to any uninThis act corporated city or town within this state, which is now or may incorporated hereafter be subject to the provisions of an act of the legislature entitled "An act providing for the government of cities and towns of this state, approved February 26, 1881, and all acts amendatory thereof or supplementary thereto. towns Special election provided for In effect SEC. 11. It is hereby made the duty of the county commissioners of the several counties of this state to call, hold and provide, in the manner required by law, for a special election as provided for in section 3 of this act, upon a petition signed by electors residing within the city and town, equal in number to at least twenty per cent of the entire vote cast at the last preceding election, held in the town or city in which said special election is to be held. SEC. 12. This act shall take effect from and after its passage. SEC. 13. The county treasurer and the city treasurer, as the case may be, shall be responsible on his official bond for all funds which may come into his hands under the provisions of responsible this act. Officers SEC. 14. The county commissioners of the several counties No compen of this state and the treasurers of such counties shall perform all the duties required of them under the provisions of this act, without further compensation than now required by law. sation for services herein CHAP. 170-An act supplementary to an act entitled "An act to provide revenue for the support of the government of the State of Nevada, and to repeal certain acts relating thereto," approved March 23, 1891. [Became a law March 23, 1911] The People of the State of Nevada, represented in Senate and SECTION 1. All taxable property must be assessed at its full Taxation of cash value. Land and improvements thereon shall be sepamortgages, rately assessed. A mortgage, deed of trust, contract, or other obligation by which a debt is secured, shall, for the purposes of assessment and taxation, be deemed and treated as an inter deeds of trust, etc. mortgages, est in the property affected thereby, except as to railroad and Taxation of other quasi-public corporations. In case of debts so secured, deeds of the value of the property affected by such mortgage, deed of trust, etc. trust, contract, or obligation, less the value of such security, shall be assessed and taxed to the owner of the property, and the value of such security shall be assessed and taxed to the owner thereof, in the county, city, or district in which the property affected thereby is situated. The taxes so levied shall be a lien upon the property and security, and may be paid by either party to such security; if paid by the owner of the security, the tax so levied upon the property affected thereby shall become a part of the debt so secured. If the owner of the property shall pay the tax so levied on such security, it shall constitute a payment thereon, and, to the extent of such payment, a full discharge thereof. If any such security or indebtedness shall be paid by any such debtor or debtors after assessment and before the tax levy, the amount of such levy may likewise be retained by such debtor or debtors, and shall be computed according to the tax levy for the preceding year; and every contract by which a debtor is obliged to pay any tax or assessment on money loaned, or on any mortgage, deed of trust, or other lien, shall, as to any interest specified therein, and as to such tax or assessment, be null and void. against SEC. 2. The owner of a mortgage, deed of trust, contract, Taxes, or other obligation whereby land or real property, situated in whom levied this state, is made security for the payment of a debt, and also the debt so secured, shall for the purpose of assessment and taxation, be deemed to be the person or persons to whom the security was given in the first instance, unless it appears on the record of the security that some other person is the owner; and all assignments or transfers of a debt secured as mentioned in this act shall, for the purposes of assessment and taxation, be null and void, unless such transfer or assignment is made in writing upon the margin of the record of the security, and the name of the person to whom such debt is assigned or transferred given; and in all cases such debt and security shall be assessed and taxed to the person or persons who appear on the record of such security to be owner or owners thereof; and a mortgage, deed of trust, contract, or other obligation whereby land or real property situated in no more than one county in this state is made security for the payment of a debt, together with such debt, shall be assessed and taxed to the owner of such security and debt in the county, city or district in which the land or real property affected by such security is situated. The taxes so assessed and levied on such security and debt. shall be a lien thereon, and the debt, together with the security, may be sold for the payment of any taxes due thereon, in the same manner and with like effect that real property or land is sold for the payment of taxes. SEC. 3. For the purposes of assessment and taxation no Manner of payment on any debt secured as herein before mentioned in for taxation this act shall hereafter be taken into consideration by any assessment Duties of County recorders cases of banks and trust companies assessor in this state, when assessing such debt and security as herein provided, unless such payment is endorsed in writing on the margin of the record of such security by the owner thereof, or his authorized agent, before the delivery by the county recorder to the board of equalization of the abstract of all unsatisfied mortgages and liens remaining on record in his office. And in all cases the assessor shall assess such debt and security for the full amount of such debt, that appears from the record of such security to be owing, unless in the judgment of the assessor the land or real property by which such debt is secured is not worth as many dollars as still appears unpaid of such debt, and then, in that case, he shall assess such debt and security at whatever sum he thinks to be their real cash value. SEC. 4. It is hereby made the duty of the several county recorders in this state to record in the margin of the record of all mortgages on land and real property, when requested so to do by the mortgagee or owner of the mortgage, all assignments thereof, or of the note or other evidence of debt thereby secured, and also all payments made thereon or the note or other evidence of debt secured thereby, and copies thereof certified by such recorder shall be received in evidence in all courts of this state with like effect as a certified copy of such mortgage. And all persons who now have mortgages recorded in this state, upon which partial payments have been made, are hereby allowed sixty days after this act takes effect to cause to be recorded in the recorder's office of the proper county such payments, with the dates thereof. SEC. 5. Where any bank or trust company is assessed in Taxation in this state upon its shares or capital stock, and such bank or trust company is the owner of mortgages or trust deeds assessed to it upon lands within this state, the amount or value of such mortgages or trust deeds shall be deducted from the amount which it is assessed upon its shares or capital stock; and such bank or trust company shall only be assessed upon such sum for its shares or capital stock after deducting the value of the mortgages or trust deeds owned by it. Repeal In effect SEC. 6. All acts and parts of acts in conflict with this act are hereby repealed. SEC. 7. This act shall be in full force and effect from and after its passage. EXECUTIVE DEPARTMENT, CARSON CITY, NEVADA, March 23, 1911. To the Honorable the Secretary of State: Assembly Bill No. 40-An act supplementary to an act entitled "An act to provide revenue for the support of the government of the State of Nevada, and to repeal certain acts relating thereto, approved March 23, 1891-having been retained by me for a period longer than five days (Sundays excepted) while the legislature was in session, has become a law without my signature by constitutional operation, and I herewith transmit the same to your office. TASKER L. ODDIE, Governor. CHAP. 171-An act relating to contracts and patents for state lands, and matters pertaining thereto. [Approved March 24, 1911] The People of the State of Nevada, represented in Senate and SECTION 1. contracts lands All contracts made by the State of Nevada for Relating to the sale of lands may be renewed as now provided by law by and patents the contractor, or by his or her successor in interest, or by the to state holder of or claimant under the original contract, or by the agent of such contractor, successor in interest, holder or claimant, regardless of whether the original contractor be living or dead; but, unless otherwise ordered by a court of competent jurisdiction, such new contract shall be made only in the name of the original contractor, and it shall be sufficient if the same be signed by such successor in interest, holder, claimant or agent. All rights under any new or renewed state land contract, by whomsoever heretofore or hereafter made, and regardless of whether the original contractor be or may have been living or dead at the time of the making thereof, and all rights under any patent issued under any new contract in the name of the original contractor, whether he be or may have been living or not at the time of the making of the contract or the issuance of the patent, shall inure to and become vested in him or her or in his or her heirs, devisees, assignees in interest, or other legal representatives, the same as if such contract had been renewed by the original contractor or such patent had been issued during the life of such deceased contractor. CHAP. 172-An act providing for the appointment of road supervisors in counties polling three thousand votes or over, for the subdivision of said counties into road districts, and matters properly relating thereto, and to repeal all other acts and parts of acts in conflict therewith. [Approved March 24, 1911] The People of the State of Nevada, represented in Senate and tain counties SECTION 1. The county commissioners of each county in Road superthis state polling at the last general election three thousand visor in cervotes or over, to be determined by the vote cast for secretary of state, shall, for the purpose of supervision of roads, divide the county into road districts, each appropriately designated. SEC. 2. The board of county commissioners of said counties Commisshall, at its first regular meeting in January, 1913, appoint and sioners to fix the compensation of one road supervisor in each road district, to serve during the pleasure of the board of county commissioners. appoint Duties of road SEC. 3. It shall be the duty of road supervisors appointed under the provisions of this act to supervise all work upon the supervisors roads in his district, to attest to the propriety and correctness of all bills for such work, and to direct the expenditures of all sums set apart for his district by the board of county commissioners; provided, that no bills shall be contracted nor any money expended by said road supervisor, unless he shall have first obtained the consent and approval of said board of county commissioners. To take official oath Repeal In effect Filing-cases SEC. 4. Each road supervisor appointed under the provisions of this act shall, before entering upon the duties of his office, take the oath prescribed by law, and execute a bond to the State of Nevada, to be approved by the board of county commissioners, in the penal sum of one thousand dollars; which bond shall be conditioned for the faithful performance of the duties of his office, and shall be filed in the office of the county clerk. SEC. 5. All acts and parts of acts in conflict with the provisions of this act are hereby repealed. SEC. 6. This act shall take effect on the first day of January, 1913. CHAP. 173—An act authorizing the purchase and placing in the office of the clerk of the Supreme Court of the Stafe of Nevada, steel filing-cases in which to place, store and file all the records and files of actions now being and contained in said office, and to properly catalogue all of said files and records before placing in said cases. [Approved March 24, 1911] The People of the State of Nevada, represented in Senate and SECTION 1. The board of capitol commissioners are hereby authorized and directed to purchase and install modern and for clerk of improved steel filing-cases and such accessories thereto as will be necessary for the convenient use of the office of the clerk of the supreme court. supreme court Files to be SEC. 2. Immediately after the installation and placing of said cases in said office, the clerk of the supreme court shall catalogued employ such assistance as he shall deem necessary to properly catalogue, number and place in said filing-cases the records and files of all actions now being and contained in said office. Appropriation Capitol For the purpose of carrying out the provisions of this act, the sum of four thousand five hundred dollars is hereby appropriated out of any money in the state treasury of the State of Nevada, not otherwise specially appropriated. SEC. 4. Immediately upon the approval of this act, the board of capitol commissioners are hereby required and directed sioners to act to make provision for procuring and purchasing the filing-cases commis required hereunder. |