The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1906-10-27

issued for any other purpose than
stated In the submission of the prop
ositiOn to the taxDayerr. and pub.
lishch for thirty days an aforesaid,
nor for n greater amount than there
In mentioned; nor shall such bonds
I've issued for any other purpose than
for paving and improving the streets,
rOada and alleys, purchasing or con-
atructiug systeIns Ut waterwOrks.
sewerage. drainage. lighta, public
parks and buildings. bridges and
other work Of public improvement.
the title to which shall vest I'm the
municipal corporation parish, school,
drainage or sewerage districts, as the
elise may be. nor shall such bonds
rtlA. far q longer period than fDrty
years from their date. or hear great
er rate 0f interest than five per cent
PEP 'Gnnuin, or I've sold Ivy the munich
pal Corporation. parish. school dis
'trlct. drainage or sewerage district
Issuing same for lcns than par.
The municipal corpora ton. parish,
achOOl district. drainage or sewerage
district lssuIng such bonds shall pro-
VIDE for the payment of the interest
annually. or neini-annuHlly. and the
.
iletl that the total issue III bonds by
any municipality. parish, school or
sewerage district for all purposes
shall never exceed ten per cent OF the
assessed value III the property In such
municipality. parish. schOsDl or sew
erage districts; provided TINT munich
pal councils shall have authority to-
create within their respective limits
one or more sewerage Districts: pro-
vlslei that nothing herein contained
shall prevent drainage districts from
being esta blished under the provis-
ions of existing laws. and that all
drainage districts established unsler
the laws Of this State shall. In add
ton to the powers hereinabOve grant
ed. have the further power and au-
thOrity to- levy aud ,assess annual
contributions or acreage taxes. for
the purpose Of providing and MAN.
tanning drainage systcina. on oil
lands situated In such districts not
exceeding twenty-five (2ac) .ceRts per
acre for u period not to exceed forty
(4O) years when authorized to do sO
Ivy u vote Of n majority In number
and amount Of the property taxpay-
ets vi said distr;cts qualified as elec-
tOra under the laws Of this State.
voting at an election held for that
purpose ~ provided In the first pert
II this article. and said drainage dis
tricta, through the boards Of CON-
missiOners thereof, may incur indebt-
eslnesse and Issue negotiable bonds
therefor pay able In pFjasclpal and In
terpst ont OF, and NOT to exceed In
Int -,
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 for q longer period
than forty years from their date. nor
bear n greater rate at interest than
Ave per cent per annum, nor be sOtl
for less than par.
All contributions and acreage tax
en- heretofore authorized by a vote Of
q majority Ia number and amount
Of the property tax payers qualified
to vote under the laws vi this State
at elections held In drainage districts
organized under existing lave are
hereby ratified and confirmed. and
their validity shall not be q questioned.
Section 2. He It further resolved.
That the official ballots to lie used
at said election shall have printed
thereon the words: ''For the pro-
posed amendment to Article 9S1 OF
the Constitution relative to drainage
dlatricts," and the words Against
the proposed amendment to Article
2Sl OF the Constitution relative tn
drainage districts" and each elector
shall indicate as provided In the gen
erui election laws Of the State whetll-
er he votes for or against the propos-
ed amendment.
p. NJ. LAMBREMoST.
President Pro TEN Of the Senat e.
j. ". HYAMs.
Speaker Of House Of Representatives.
Approved July 9th, 1906.
NEWTON Z. BLANcHARD.
Governor III the State Of Louisiana
A true copy:
JOIN r. MICHEL.
Secretary of State.