The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1906-09-08

" - ~ t4't ifl"l o>it ION 10 the ttAi3N-
i - ana Published for thirty days. a-
s."rcSald. nor for a greater amount than
th"r"ln rncntionni; nor shuli such bonds
t'' isSued tor any other purpose than
f"F Y2Hlng ana improving the streets.
t".aS ami alleys, purchasing or con
.trl'ctlng systems of Waterv0rks, sewer
"-e, drainage. lights, public parks and
Buildings, bridges and other work Of
nu!l!c improvement, the title r. which
shall vest in the municipal corporation.
parish, school, drainage or sewerage lis
tricls. as the ease may be. nor shall such
bonds run for a longer period than forty
years from their date. or bear a greater
rate of interest than five per cent per
AMMAN, or be sold 10y the municipal cor
;oration, parish, school district drain
ege or sewerage district issuing same for
less than par
/ The municipal corporation, parish.
I sfh4"l district, drainage. or sewerage
district issuing such bonds shall provide
for the payment Of the interest anna.
ally. or semi-anauallv, and the principal
/ thereof at maturity, provided that the
total issue Of bonds hv any municipality.
PARISH school. or sewerage district for
FIX purposes shall never exceed ten per
cent Of tn" assessed value Of the proper
y in sHrh municipality, parish, schools
@r sewerage districts; provided that .nu
niriial councils shall have authority 10
create within their respective limits one
az nore sewerage districts: provided
that nothing herein contained Shall pre-
EcNt drainage districts from being cs
tabllshed under the provisions Of exist
in- laws, and that all drainage districts
established under tie laws of this State
shall. in addition 10 the powers herein
above granted, have the further power
and authority to levy and assess annual
contributions or acreage taxes. for the
purpose OF providing and maintaining
'2rHinage systems. or AT lands situated
II sRrh districts not exceeding twenty
five (23) cents per acre for q period
not 10 exceed forty (4o) years When au !
th0rizcd to do - by a vote Of a ma iorityin
nGafer amount Of the property tax
Pave" Of said districts qualified as electors
under the Laws of this state, voting 1T |
an election held for that purpose as pro-
N"ed in the first part of this article. and
SAID drainage districts. through the
boards OF commissioners thereof. may
lHcur Indebtedness and issue negotiable
bonds therefor payable in principal and
out Of and not to exceed in prin
clpa! and Interest the aggregate amount
to BE- raised by said annual contributions
curing tne period for which the same are
irvled No such drainage bonds shall
he ISSUED for any other purpose than
.ha; for which said contributions were
voted and shall not run for a longer pc
ff"d ,han forty years from their date,
nor bear Il greater rate Of interest than
five per cent per annum nor be sold
for less than par.
All contributions and acreage taxes
heretofore authorized by vote of a
majority in number and amount of the I
property taxpayers qualified TO vote I'M
Ter the laws of this State at elections
le!d in drainage districts organized I'M {
Ter existing laws are hereby ratified and {
.ontirm2d, and their validity shall not t
u iutStitHt'ti.
Section >. Be it further resolved. c
That the Official ballots to be used at G
aid election shall have printed thereon
lie words: For the proposed amend a
aent to Article PSI of the Constitution q
eiative to drainage distriets.'' and the d
words Against the proposed amend c
lent to Article PSI of the Constitution 5
elatire TO drainage districts,' and each b
lector Shall Indicate as provided in the +
eneral election laws of the State wheth- ="
? he votes for or against the proposed Y
mendment !
Z. VI. LAMBhEMONT, ,
Resident Pro Tenn of the Senate. !
j. w. HYAMS. u
neaker Of the House of Representa- q
tives. 4
Approved July 9th. 1906 4!
NEWTON G. BLANCHARD. i
overnor of the State of Louisiana. .
true copy: II
JOHN T. MICHEL, i
ecretary of State. p
ACT NO. 1877. f.
Y Mr.. Wimberlv. House Bill No. l16. ~
JOINT RESOLUTION. .,
roposing amendments to Articles 90, 80. ;,
100 1nS owl 191 orJ |