The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1906-10-13


stated In the submission of the prop
osttion to the taxpayers, and pub
lished for thirty days as aforesaid,
nor for a greater amount than there
in mentioned; nor shall such bonds
he issued for any other purpose than
for paving and improving the streets,
roads and alleys, purchasing or con-
structing systems Of waterwOrks.
sewerage. drainage. lights, public
parks and buildings, bridges and
other work of public Improvement.
the title to which shall vest In the
municipal corporation. parish, school,
drainage or sewerage districts, az the
case may be. nor shall such bonds
run for a longer period than forty
years from their date. or bear great
er rate OF interest than Ave per cent
per annHm, or he sold by the munich
pal corporation. parish. school dis
trict. drainage or sewerage district
issuing same for less than par.
The municipal corporation. parish,
school district. drainage or sewerage
district issuing such bonds shall pro-
vide for the payment Of the interest
ANNUALLY. or semi-annualiy. and the
principal thereof at maturity. provi-
tled that the total issue OF bonds by
any municipality. parish, school or
sewerage district for all purposes
shall never exceed ten per cent Of the
assessed value of the property IN such
municipality, parish, school or sew
erage districts; provided that munici-
pal councils shall have authority to
create within their respective limits
one or more sewerage districts: pro-
vlsled that nothing herein contained
shall prevent drainage districts from
being tablished under the provis-
ions III existing laws. and that all
drainage districts established under
the laws Of this State shall. In addi-
ton to the powers hcreinabOve grant
cd. have the further power and au-
thOrity to levy and asscss annual
contributions or acreage taxes, for
the purpose of providing and main
tanning drainage systcms, on all
lands situated In such districts not
exceeding twenty-five f2ac) cents per
acre Tor Il period not to exceed forty
(40) years when authorized to do 10
ny a vote of a. majority In number
and amount Of the property taxpay-
ers Of said districts qualified m cleo
tors under the laws of this State.
voting at an election held for that
purpose as provided la the first part
Of thia article. and said drainage dis
tricts. through the boards ut COM
mlssiUners thereof, may incur indebt-
etlnese and issue negotiable bonds
therefor payable In principal and In
terest out i, and not to- exceed In
principal and interest. the aggregate
amount to he raised by said annual
contributions 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.
and shall not run fur n longer period
than forty years from their date, nor
bear greater rate Of interest than
five per cent per annuni, nor lie sold
for less than par.
All contributions and acreage tax
es heretofore authorized by a vote Ut
a majority In number and amount
Of the property tax payers qualified
to- vote under the la WI Of this State
ut elections held In drainage districts
organized under existing lawg are
hereby ratified and confirmed. and
their validity shall not he questioned.
Section 2. He Ii further resolved.
That the official ballots to I've used
at said election shall have printed
thereon the words: ''FOr the pro-
posed amendment to Article 2S1 OF
the Constitution relative TO drainage
districts" and the words Against
the proposed amendment to Article
2S1 of the Constitution relative to
drainage DISTRICTS" and each elector
shall indicate M provided In the gen
eral election laws of the State wheth-
or he votes for or against the prOpus-
ed amendment.
p. n. LAMBREM0NT,
President Pro TEN uf the Senate.
j. IS. HYAMs.
Speaker of Honse of Representatives.
Approved July 9Th, 1906.
NEWTON {. BLANCHARD,
Governor of the State OF Louisiana.
A true copy:
JOHN Il. MICHEL.
Secretary of State.