The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1906-09-08

| stated in the submission OF the prop
ositiOn to the taxpayers, and pub
lished for thirty days as aforesaid
nor for n greater amount than there
In mentioned; nor shall such boud.
| he issued for any other purpose thar
for paving and improving the streets
roads and alleys, purchasing or con
structing systems Of waterworks
sewerage. drainage, lights, public
parks and buildings, bridges ani
other work of public Improvement
| the title to which shall vest in the
municipal Orporation. parish, school
drainage or sewerage districts, an thu
case may be. nor shall such bond,
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 lie 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.
vide for the payment Of the interest
annually. or semi-annually. and the
principal thereof at maturity, prOvi
ded that the total issue of bonds by
any municipality, parish, school OF
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.
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
being established under the prOvis-
ions Of existing laws. and that all
drainage districts esta blished under
the laws of this State shall, In add.
ton to the powers 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 (2ac) cents per
acre for a period not to exceed forty
(40) years when authorized to do sn
by a vote of 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 as provided In the first part
Of this article. and said drainage dis
tricts, through the boards of com
missioners thereof, may incur indebt-
etlness and issue negotiable bonds
therefor payable In principal and In
terest out of, and not to exceed I'm
principal and interest. the aggregate
amount to be raised by said annual
contributions during the period for
which the same are levied. No such
drainage bonds shall 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 u greater rate at interest than
five per cent per annum, nor bc sold
for less than par.
All contributions and acreage tax
es heretofore authorized by vote Of
n majority I'm number and amount
of the property tax payers qualified
to vote under the laws of this State
It elections held i'm drainage districts
organized under existing lave are
hereby ratified and confirmed. and
their validity shall not LIE Questioned
SectiOn2. Re it further resolved.
That the official ballots tn I've used
at said election shall have printed
thereon the words: '.For the pro-
posed amendment to Article 2S1 Of
the Constitution relative to drainage
districts" and the words Against
the proposed amendment tn Article
2Sl of the Constitution relative to
drainage Districts" and each elcctof
shall Indicate as provided In the gen.
eral election laws of the State wheth-
er he votes for or against the prOpos-
ell amendment.
F.. NJ. IAMBREM0Sr,
President Pro Tenn of the Senate
j. ". HYAMs.
Speaker of House of Representatives.
/ Approved July 9th, 1906.
NEWTON {. BLANCHARD,
Governor Of the State of Louisiana.
A true copy:
JOHN Il. MICHEL.
Secretary of State.