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purposes, on real and personal property owned or used by them, and not by this Constitution exempted from taxation within the Territorial limits of the authority levying the tax.
Sec. 9. The rate of taxation of real and personal property for State purposes, shall never exceed ten (10) mills on each dollar of assessed valuation; and if the taxable property in the State shall amount to fifty million ($50,000,000) dollars the rate shall not exceed five (5) mills on each dollar of valuation; and whenever the taxable property in the State shall amount to one hundred million ($100,000,000) dollars, the rate shall not exceed three (3) mills on each
