The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1906-09-01


issued for any other purpose than
stated In the submission OF the prop
osition 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 improvements,
the title to which shall vest in the
municipal corporation, parish. school,
drainage or sewerage districts, as the
case may be. nor shall suCh bonds
run for a longer period than forty
years from their date, or bear great
err rate of interest than five per cent
Der annum, 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-
yft.e for the payment OF the interest
annually, or semi-annualiy. and the
principal thereof at maturity, provl-
ded 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 munich
pal councils shall have authority to
create within their respective limits
one or more sewerage districts: pro-
vided that nothing herein contained
shall prevent drainage districts from
being established under the prOvis-
ions of existing laws. and that all
drainage districts established under
the laws of this State shall, In addi-
ton to the powers hereinabove grant
ed, have the further power and au-
thority to levy and assess annual
contributions or acreage taxes. Tor
the purpose Of providing and main.
tanning drainage systems, on all
lands situated In such districts not
exceeding twenty-five (2ac) cents per
acre for a period not to exceed forty
(4O) years when authorized to do SO
by u vote of a majority In number
and amount OF the property taxpay-
ers of said districts qualified az elec-
tors under the laws of this State,
voting at an election held for that
purpose as provided 10 the first part
of this article. and said drainage dis
tricts, through the boards of CON-
missioners thereof, may incur indebt-
edness and issue negotiable bonds
therefor payable In principal and In
terest out Of. and not to exceed In
principal and interest. the aggregate
amount to I've 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 for q longer period
than forty years from their date. MOI
bear u greater rate of interest than
| five per cent per annum, nor he sold
for less than par.
All contributions and acreage tax
es heretofore authorized by vote OF
| q majority in number and amount
of the property tax payers qualified
| to vote under the laws of this State
at elections held In drainage districts
organized under existing lave are
hereby ratified and confirmed, and
their validity shall not be questioned.
Section 2 Be 1t further resolved.
That the official ballots to be used
at said election shall have printed
thereon the words: For the pro-
posed amendment to Article 2Sl OF
| the Constitution relative to drainage
districts" and the words Against
the proposed amendment to Article
] PSI of the Constitution relative &c
| drainage Districts" and each electol
shall Indicate as provided in the gen
eral election laws of the State wheth
er he votes for or against the propos
ed amendment.
p. NJ. LAMBREMONT,
President Pro TEN of the Senate
j. ". HYAMs.
Speaker of House of representatives
| Approved July 9Th, 1906.
NEWTON e.. BLANCHARD,
Governor OF the State OF Louisiana
A true copy:
JOHN II. MICHEL,
Secretary Of State.