The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1906-10-13

I Etiu.ser III wears than the pumher nance
N the proposition submitted to the tax
payers. No bonds shall be issued for an,
| other purpose than stated IN the suhmis
SION of the proposition to the taXpay
ers and published for thirty days, q
| aforesaid, nor for a greater amount THAI
| therein mentioned; nor shall such bonds
be issued for any other purpose thar
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 h 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 create,
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
all purposes shall never exceed ten per
cent Of the assessed value of the proper
ty 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-
'abljshed 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 {4O) years when au-
therized to do so by vote Of majority in
number and amount Of the property tax
paye- Of said districts qualified as electors
under the laws of this state. voting at
IN election held for that purpose as pro-
iided in the first part of this article, and
said drainage districts, through the
boards Of commissioners thereof, NAV
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
o be raised by said annual contributions
Turing the period for which the same are
evied. No such drainage bonds shall
'e issued for any other purpose than
hat for which said contributions were
ote3 and shall not run for longer pc
iod ,han forty years from their date,
or bear greater rate of interest than |
i've per cent per annum nor be sold |
or less than par.
All contributions and acreage taxes
eretofore authorized by a vote Of a
Majority in number and amount Of the
property taxpayers qualified to vote I'M
er the laws of this State at elections
ED in drainage districts organized I'm
er existing laws are hereby ratified and
onfrmed, and their validity shall not
e questioned.
Section ?. Be it further resolved,
hat the official ballots to be used at
lid election shall have printed thereon
lie words: ''For the proposed amend
tent to Article PSI of the Constitution
'lative to drainage districts,' and the
ords "Against the proposed amend
ent to Article PSI of the Constitution
'lative to drainage districts,' and each
ector shall indicate as provided in the
eneral election laws of the State wheth-
: he votes for or against the proposed
mendment.
p NJ. LAMBREMONT, |,
resident Pro Tenn of the Senate. |:
J. W. HYAMS,
peaker of the House of Representa-
tives.
Approved July 9th, 1906. II
NEWTON G. BLANCHARD,
Dvernor Of the State of Louisiana.
A true copy: II
JOHN T. MICHEL,
,cretary Of State. II
ACT NO. 1877.
? Mr.. Wimberly. House Bin No. 116.
JOINT RESOLUTION,
roposing amendments to Articles SO, 80. 5
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. If
Section l. Be it resolved, by the :
'neral Assembly Of the State Of Louis
ma, two thirds of all the members
scted to each House concurring. That