The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1906-09-29

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| other purpose than stated in the suhns
sion of the proposition to the taxpay
ers and published for thirty days, n
aforesaid, nor for greater amount than
| therein mentioned; nor shall such bonds
be issued for any other purpose than
for paving and improving the streets
roads and alleys, purchasing or con-
structing systems of waterworks, sewer
age, drainage, lights, public parks and
buildings, bridges and other work of
public improvement, the title n which
shall vest in the municipal corporation,
parish, school, drainage or sewerage dis
tricts, as the case may be, nor shall such
bonds run for longer period than forty
years from their date, or bear greater
rate of interest than five per cent per
annum, or be sold by the municipal cor
poration, parish, school district, drain
age or sewerage district issuing same for
less than par.
The municipal corporation, parish,
school district, drainage, or sewerage
district issuing such bonds shall provide
for the payment Of the interest annu-
ally, or semi-annually, and the principal
thereof at maturity, provided that the
total issue of bonds by any municipality,
parish, school, or sewerage district for
cent of the assessed value of the proper
'y in such municipality, parish schools
or sewerage districts; provided that mu-
nicipal councils shall have authority to
create within their respective limits one
or more sewerage Districts; provided
that nothing herein contained shall pre-
vent drainage districts from being es-
tablished under the provisions of exist
ing laws, and that all drainage districts
established under the laws of this State
shall, in addition to the powers herein
above granted, have the further power
and authority to levy and assess annual
or acreage taxes. for the
purpose Of providing and maintaining
drainage systems, on all lands situated
IN such districts not exceeding twenty
five (25) cents per acre for period
not to exceed forty (40) years when au-
thorized to do so by vote Of ma iority in
number and amount Of the property tax
paye- of said districts qualified as electors
under the laws Of this state, voting at
an election held for that purpose as pro-
vided in the first part of this article, and
said drainage districts, through the
boards of commissioners thereof, may
incur indebtedness and issue negotiable
bonds therefor payable in principal and
interest out Of and not to exceed in prin-
,ipal and interest the aggregate amount
10 be raised by said annual contributions
Turing The period for which the same are
levied. No such drainage bonds shall
De issued for any other purpose than
hat for which said contributions were |
;oted and shall not run for longer pc
'iod than forty years from their date,
Tor bear a greater rate Of interest than |
i've per cent per annum nor be sold |
or less than par.
All contributions and acreage taxes |
heretofore authorized by vote Of a
majority in number and amount Of the
taxpayers qualified to vote I'M
Ter the laws of this State at elections
leld in drainage districts organized un
Ter existing laws are hereby ratified and
onfrmed, and their validity shall not |
,e questioned.
Section 2. Be it further resolved,
That the official ballots to be used at |
aid election shall have printed thereon
he words: "For the proposed amend
nent to Article PSI of the Constitution
elative to drainage districts,' and the
words Against the proposed amend
nent to Article 2S1 of the Constitution
elative to drainage districts,' and each
Hector shall indicate as provided in the
General election laws Of the State wheth-
r he votes for or against the proposed
amendment.
Pm. LAMBREMONT,
President Pro Tenn of the Senate.
J. W. HYAMS,
speaker of the House Of Representa-
tives.
Approved July 9th, 1906.
NEWTON c. BLANCHARD,
Governor of the State of Louisiana.
A true copy:
JOHN T. MICHEL,
Secretary of State.
ACT NO. 1877.
By Mr.. Wimberly. House Bin No. ZIG.
JOINT RESOLUTION.
amendments to Articles SO, 80.
100, LOG and 131, and proposing the
repeal Of Article los, Of the Consti
tuition Of the State of Louisiana, rela-
tive to the judiciary department.
Section l. Be it resolved, by the
General Assembly Of the State Of Louis
ana. two-t thirds Of all the members |
elected to each House coneurring, That
A Il