The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1906-09-15

OsftiOn to the taxDayere, and pub
lished for thirty days as aforesaid,
nor for greater amount than there.
In mentioned; nor shall such bonds
he 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 he. nor shall such bonds
run for a longer period than forty
years from their date, or bear a great
err rate of interest than i've per cen
per annum. or lie sold 10y 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-
vile f,r the payment Of the interest
annually, or sefni-annualiy. and the
principal thereof at maturity. provi-
tletl 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
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 established under
the laws Of this State shall, i'm addi-
ton to the 20 wers 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 ii period not to exceed forty
400 years when authorized to do so
by a vote of ~ majority i'm number
and amount uf the property taxpay-
ers of said districts qualified as 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-
eslness and issue negotiable bonds
therefor pay able in principal and in
terest out of, and not to exceed in
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
wlEiei, said contributions were voted.
and shall not run for n longer period
than forty years from their date. ner
hear Il greater rat tt OF interest than
five per cent per annum, nor lie sold
for less than par.
All contributions and acreage tax
es heretofore authorized by a vote of
a majority I'm number and amount
of the property tax payers qualified
to vote under the laws of this State
Mt elections held In drainage districts
organized under existing lave are
hereby ratified and confirmed. and
their validity shall not be q questioned.
Section =. BE 1T further resolved.
That the official ballots To he used
at said election shall have printed
thereon the words: For the pro-
posed amendment to Article 2SI OF
the Constitution relative to drainage
DISTRICTS" and the words against
the proposed amendment to Article
PSI of the Constitution relative to-
drainage districts" and each elector
shall Indicate as provided in the gen.
eral election laws of the State wlietli-
er he votes for or against the propps-
ed amendment.
z. NJ. L.AMBREMoNT,
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.