The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1906-09-22


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
be 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, as the
case may be. nor shall such bonds
run for a longer period than forty
years from their date. or bear Il great
err rate of interest than five per cent
per 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-
vice for the payment Of the interest
annually, or semi-annualiy. and the
principal thereof at maturity, proyi-
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 munich
pad 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 thepowers hereinabOve grant
ed. have the further power and au-
thOrity to levy and assess annual
contributions or acreage taxes, for
the purpose of providing and MAIN
tanning drainage systems. on all
lands situated in such districts not
exceeding twenty-five (25c) cents per
acre for a period not to exceed forty
(40) years when authorized to do so
by vote OF a majority In number
and amount of the property taxpay-
ers of said districts qualified rs cleo
tors under the laws of this State,
voting at an election held for that
purpose IA provided in the first part
of this article. and said drainage dis
tricts. through the boards of COM
missiOners thereof, may incur indebt-
edness and issue negotiable bonds
therefor payable I'm principal and in
terest ont of, and not to exceed in
principal and interest. the aggregate
amount to he raised Ivy said annual
contributions during the period for
which the sa me are levied. No such
drainage bonds shah he issued for
any other purpose than that for
which said contributions were voted.
and shall not run for a longer period
than forty years from their date, nor
bear n 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
majority I'm 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 laws are
hereby ratified and confirmed. and
their validity shallnot be questioned.
ocCtiOu Z. dc IL IuFthcT fccOlN cu.
That the Official ballots To he 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
2S1 of the Constitution relative to
drainage districts" and each electOr
shall Indicate as provided i'm the gen
eral election laws of the State wheth-
or he votes for or against the propos-
ed amendment.
p. NJ. LAMBREMoNT.
President Pro TEN of the Senate
j. T. HYANIs.
Speaker of House of representatives.
Approved July 9th, 1906.
NEWTON G. BLANCHARD,
Governor OF the State of Louisiana.
A true copy:
JOHN II. MICHEL,
Secretary of State.