The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1906-10-06

stated IN the submission Of the prop
Os1ttOn to the taxpayers, and pub
iiSiled Tor thirty days as aforesaid
nor Tor n greater amount than there
III mentioned; nor shall such bond,
lie issned for any other purpose thar
Tor paving and improving the streets
roads and alleys, purchasing or CON
STRUGGLING Rystems of waterwOrks
sewerage. drainage. lights, public
parks and buildings, bridges and
other work Of public Improvement
the title to which shall vest I'm the
municipal corporation. pa IRISH school,
DRAWINGS or sewerage districts, as the
case may he. nor shall such bonds
run for a longer period than forty
years FROM their date. or bear a great.
er rate Of interest than FIVE per cent
per annum, or I've 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 He'li-annually. and the
principal thereof mt maturity, prUvi-
any municipality. parish, school or
sewerage district for all purposes
shall never exceed ten per cent Of the
assessed value Of 1.-THE property in such
municipality, parish. school or sew
erage districts; provided thslt 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
l'eing established under the pruvis-
Ions at existing la WI. and that all
drainage districts established under
the laws Of this State shall, In addi-
tion to the powers hereinabOvegr grant
ed. have the further power and an-
thOrity tn levy and asacss annual
contributions ar acreage taxes, for
the purpose Of providing and maIn-
tanning drainage systems, on all
lands situated In auch districts not
exceeding twenty-five (2'c) cents per
acre for u period not to exceed forty
(40) years when authorized to do 40
by a vote Of majority In number
and amount Of the property taxpay-
ers Of said districts qualified al elec-
tors under the laws OF this State,
voting mt an election held for that
purpose us provided In the first part
Ut this article. and said drainage dis. |
tricts. through the boards of CON-
missiOners thereof, may incur intlebt- |
edncss 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 by said annual |
during the period for
which the same are levied. No such |
drainage bonds shall he issued for
my 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 a greater rate OF interest than
i've per cent per annum, nor he sold
or less than par.
All contributions and acreage tax
~ heretofore authorized by vote of
majority I'm number and amount
u the property tax payers qualified
% vote under the la of tllis State
It elections held In drainage districts
organized under existing lawg are
lerel,y ratified and confirmed, and
heir validity shall not be questioned. /.
Section 2. BE Ii further resolved.
That the official ballots to I've used
It said election shall have printed
hcreOn the words: For the pro-
'Osed amendment to Article 2S1 of
he Constitution relative to drainage
istricts," and the words against
he proposed amendment to Article
81 Of the Constitution relative to
rainage districts, and each electOr
hall Indicate as provided In the gen.
raj election laws of the State " lIeth-
T he votes for or against the pr0pos-
] amendment.
p. nj. LAMBREMOHT.
President Pro TEN of the Ss.nate.
J. 81. HYAMs,
peaker Oi House Of Repressn tn tives.
Approved July 9th, 1906. /!
NEWTON &. BLANCHARD,
Governor Of the State of Louisiana. :
true copy:
JOHN Il. MICHEL,
Secretary Of State. e
/