The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1904-09-15

notice of said election has been publish
ed for thirty days in the Official journal
of the municipality or parish, and where
there is no official Journal, in a newspaper
published therein, may incur debts and
issue negotiable bonds therefore to the
extent of one-tenth of the assessed
valuation OF the property within the
municipal corporation, parish, drainage
district, or sewerage district as shown
by the last assessment made prior to
the submission of the proposition to
the property tax payers as above pro-
vided, and may be authorized by the
property tax payers voting at said elec-
ton, to levy and assess special taxes
upon the property subject to taxation
in the parish, drainage district, cor
poration or sewerage districts; pro-
yided said taxes so imposed do not
exceed five mills on the dollar of the
assessed valuation in any one year,
nor run for greater number of years
than the number named in the PROPOSE
ton submitted to the tax payers. No
bonds shall be issued for any other pur-
pose than stated in the submission of
the proposition to the tax payers and
published for thirty days, as aforesaid,
nor for a greater amount than herein
mentioned; nor shall such bonds be
issued for any other purpose than for
paving and improving streets, roads
and alleys, purchasing and constructing
q system OF water works, sewerage,
lights, public parks and buildings.
bridges and other works of public inn
provement, the title to which shall rest
in the municipal, corporation, parish,
drainage or sewerage district, as the
case may be; nor shall such bonds run
for a longer period than forty years
from their date, or bear q greater rate
OF interest than five per cent, per an
mum, or be cold by the municipal cor
poration, parish, drainage or sewerage
district Issuing same for less than par.
The municipal corporation, parish,
drainage or sewerage district issuing
such bonds shall provide for the pay
ment OF the interest annually or semi
annually, and the principal thereof at
maturity; provided, that the total issue
OF bonds by any municipality, parish,
drainage or sewerage district TOR all
purposes shall never exceed 10 per cent
OF the assessed value of the property
in such municipality, parish, drainage
or sewerage district; provided, that
drainage districts availing themselves
OF the provisions of this ordinance shall
be limited to the ratio Of taxation
herein fixed; and such districts shall
be prohibited from levying contribu-
tons under the provisions Of existing
laws; and provided further, that nothing
herein contained shall prevent drainage
districts from being established under
the provisions Of existing laws; and pro-
vided further, that municipal councils
shall have authority to create within
their respective limits ono or moro SOW
erage districts.
Soc. 2. Be it further resolved, That
the of6cial ballots to be used at said
election shall have printed thereon the
words: "For the proposed amendment to
Article 81 Of the Constitution, . and the
words Against the proposed amend
mont to Article 26i Of The Constitution, -
and each elector shall indicate % pro.
vided in the general election laws OF the