...amendment to the Committee of the Whole, to section five. THE SECRETARY read: "SEC. 5. A mortgage, deed of trust, contract, or other obligation by which...taxation, be deemed and treated as an interest in the pro[»erty affected thereby. Except as to railroad and other quasi public corporations, in ease of...

...State, shall be taxed in proportion to its cash value, to be ascertained as directed by law. A mortgage, deed of trust, contract, or other obligation, by which...shall, for the purposes of assessment and taxa"tion, lie deemed and treated as an interest in the property affected thereby. Except as to railroads and...

...assessed at the same value. A mortgage, deed of trust, contract, or other obligation by which a debt ij secured, shall, for the purposes of assessment and...treated as an interest in the property affected thereby, except as to railroad and other quasi-public corporations. In case of debts so secured, the value of...

...in small tracts, of all lands not sectionized by the United States Government. SEC. 4. A mortgage, deed of trust, contract, or other obligation by which a debt is secured, shall, for the purpose of assessment and taxation, be deemed and treated as an interest in the property affected thereby....

...call the attention of the Convention to the terms of section five. True, it says that a, " mortgage, deed of trust, contract, or other obligation by which a debt is secured, shall, for the purpose of assessment and taxation, be deemed and treated as an interest m the property allected thereby,"...

...call the attention of the Convention to the terms of section five. True, it says that a " mortgage, deed of trust, contract, or other obligation by which a debt is secured, shall, for thepurpose of assessment and taxation, be deemed and treated as an interest in the property alfeeted...

...other contract or agreement, whether oral or written, whieh secures any existing debt or liability, shall, for the purposes of assessment and taxation, be deemed and treated as an estate or interest in the property affected by such mortgage, deed, or other contract, and shall be...

...three thousand six hundred and sixty-four of said Code. 6. To equalize the assessment of each mortgage, deed of trust, contract, or other obligation by which a debt is secured, and which affects property situate in two or more counties, and to apportion the assessment thereof...

...that owned by a railroad or other quasi-public corporation, is subject to, or affected by a mortgage, deed of trust, contract or other obligation by which a debt is secured, he must enter, in the proper column, the value of such security, and deduct the same. In entering assessments...

...difficulty. Section 4 of Article 13 of the Constitution of California, provides that " a mortgage, deed of trust, contract, or other obligation, by which...treated as an interest in the property affected thereby. Except as to railroad and other quasi-public corporations, in case of debts so secured, the value of...