The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1906-10-20

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. osltion TO the taxpayers, and pul
iished for thirty days as aforesai,
nor for a greater amount than Their
In mentioned; nor shall such bond
: lie issued for any other purpose tina
FOR paving and improving the street,
roads and alleys, purchasing or COZ
structing systems OF waterworkl
sewerage. drainage, lights. publ
. PARIS and buildings, bridges an
other work of public improvement
the title to which shall vest I'm til
municipal corporation, parish, school
drainage or sewerage districts, as tn
case may be. nor shall such bond
run for a longer period than fort,
years from their date, or bear a great
err rate OF interest than five per cen
per annum, or he sold by the munfci
pal corInration. parish. school dis
trict. drainage or sewerage distric
issuing same for less than par.
The municipal corporation. parish
school district. drainage or seweray,
district issuing such bonds shall pro
vide for the payment of the Interest
annually. or semi-annualiy. and the
principal thereof at maturity, provi
ded that the total issue of bonds by
any municipality. parish, school oil
sewerage district for all purposes
s!htH never exceed ten per cent OF the
assessed value of the property in such
municipality, parish. school or sew
| erage districts; provided that munich.
PAL councils shall have authority to
create within their respective limits
one or more sewerage districts: pro-
vfded that nothing herein contained
shall prevent drainage districts from
being established under the proyis.
ions OF existing laws, and that all
drainage districts established under
the laws of this State shall, in adli-
ton to hepOwers hereinabO We grant
ed. have the further power and au-
thority to levy and assess annual
contributions or acreage taxes, for
the purpose Of providing and MAIN
tanning drainage systems, on all
lands situated in such districts not
exceeding twenty-five (23c) cents per
acre for u period not to exceed forty
t40) years when authorized to do SO
by n vote of a majority In number
and amount of the property taypay-
ers OF said districts qualified as cleo
tors under the laws of this State.
voting at an election held for that
purpose as provided in the first part
OF this article, and said drainage dis
tricts, through the boards of COM
missioners thereof, may incur indebt-
enuess and issue negotiable bonds
therefor payable in principal and in
terest out of, and not to exceed i'm
and interest. the aggrega te
amount to be raised by said annual
during the period for
which the same are levied. No such |
drainage bonds shall be issued for
any other purpose than that for
which said contributions were voted. |
ana shall not run for n longer periOll
than forty years from their date, nor
bear n greater rate of interest than
i've per cent per annum, nor he sold
Tor less than par.
All contributions and acreage tax
IS heretofore authorized by a vote of
majority In number and amount
d the property tax payers qualified
70 vote under the la VS. of this State
1t elections held in drainage districts
organized under existing lave are
hereby ratified and confirmed, and
heir validity shall not be questioned.
Section =. BE Ii further resolved.
That the official ballots ia he used
1t said election shall have printed
hereon the words: "For the pro-
,osed amendment to Article 2S1 of
he Constitution relative to drainage
listricts,' aud the words "Aeainst
he proposed amendment to Article
81 of the Constitution relative to
rainage Districts" and each elector !
hall indicat e as provided in the gen.
raj election laws of the State wheth-
r he votes for or against the propos-
j amendment.
p. NJ. LAMBREMONT,
President Pro Tenn of the Senate. I
j. ~. HYAMs,
peaker Of Honse of Representa- lives.
Approved July 9th, 1906. y
NEWTON G. BLANCHARD,
Governor of the State OF louisiana.
true copy:
JOHN T. MICHEL,
Secretary Of State.