The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1906-09-26

| drainage or sewerage districts, as tn
case may be, nor shall such bonds ru
for a longer period than forty year
from their date, or bear a greater rat
OF interest than five per cent per ar
mum. or be sold by the municipal cor
poration, parish, school district
drainage or sewerage district ~issuin,
same for less than par.
Inc municipal corporation. parish
school district, drainage OF sewerage
district issuing such bonds shall pro
vide for the payment of the interes
annually, or semi-annually, and thu
principal thereof at maturity, prOvid,
ed thai the total issue of bonds by any
municipality. parish, school or sewer.
age district for all purposes shall new.
er exceed ten per cent of the assessed
value Of the property in such munich
patty, parish schools or sewerage
districts:/ provided that municipal
councils shall have authority to Gre
ate within their respective limits one
or more sewerage districts: provided
That nothing herein contained shall
prevent drainage districts from being
established under the provisions of
existing laws, and that all drainage
districts established under the laws of
this State shall, in addition to the
powers hereinabOve granted, have the
further power and authority to levy
and assess annual contributions or
acreage taxes, for the purpose of pro-
vlding and maintaining drainage sys-
TENS. on all lands situated in such dis
trlcts not xceedingtwe
per acre for a period not to exceed (4O)
forty years when authorized to do so
oy a vote OF a majority in number and
amount OF the property taxpayers of
said districts qualified as electors un-
der the laws of this State, voting at
election held for that purpose as
provided in the first part of this arti-
Gle, and said drainage districts.
through the boards of commissioners
thereof, may incur indebtedness and
issue negotiable bonds therefor pay
able in principal and interest out of,
ana not to exceed in principal and in
'erest, the aggregate amount to be |
raised Dy said annual contributions |
turing the period for which the same
ire levied. No such drainage bonds |
shall be issued for any other purpose
han that for which said contributions
voted and shall not run for a
onger period than forty years from
helr date, nor bear a greater rate of
interest than five per cent per annum
be sold for less than par.
All contributions and acreage taxes
heretofore authorized by a vote of a
majority in number and amount of the
property taxpayers qualified to vote
!nder the laws of this State at cleo
ions held in drainage districts Or
'anlzed under existing laws are here
~ ratified and confirmed, and their
'alidity shall not be questioned,
Section z. Be it further resolved,
hat the official ballots to be used at
AID election shall have printed there
N the words: "For the propOsed
'mendment to Article 281 of the Con-
relative to drainage dis
riots, and the words against the
ropOsed amendment to Article 2Sl of
ne Constitution relative to DRAINAGE
istrlcts," and each elector shall in
lcate as provided in the general cleo
on laws of the State whether he votes
or against the proposed amend
lent.
P. M. LAMBREMONT. !
President Pro TEN of the Senate.
j. w. HYAMS. !,
peaker of the House of Represen-
tatives.
pprOved July 9th, 1906. '
NEWTON G.. BLANCHARD. :
Governor of the State of Louisiana. .
true copy: !
JOHN T. MICHEL, 4
Secretary of State. {