The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1906-09-29

issued for any other purpose than
ated in the submission of the prop
osition to the taxpayers, and pub
lished for thirty days AZ aforesaid,
nor for a greater amount than there
in mentioned; nor shall such bonds
lie 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.p parish. school,
drainage or sewerage districts, as the
case may he. nor shall such bonds
run for longer period than forty
years from their da te, or bear n great
errate 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,
aclluol district. drainage or sewerage
district issuing such bonds shall pro-
vide for the payment Of the interest
annually. or seni-annually. and the
principal thereof at maturity, prOvi-
ded 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-
vitled that nothing herein contained
shall prevent drainage districts from
l,eing 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 the power herelnabove grant
ed, have the further power and au-
thOrity tn levy and ASSESS annua
contributions or acreage taxes. for
the purpose Of providing and mafn-
tanning drainage systems, ON all
lands situated I'm such districts not
exceeding twenty-five (2ac) cents per
acre for a period not tn exceed forty
(4O) years when authorized to do sO
by II vote Of ~ majority In number
and amount of the property taxpay-
ers OF said districts qualified ~ elec-
tors under the laws of this State,
voting at an election held for that
| purpose AZ 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 out OF, and not tO exceed IN
| principal and interest. the aggregate
| amount tn he raised by said animal
contributions during the period fol
| which the same are levied. No Hucl
drainage bonds shall he issued fan
any other purpose than that fol
| which said contribute were voted
and shall not run for a longer period
than forty years from their date. MOI
bear n greater rate of interest thnr
five per cent per annum, nor be sold
for less than par.
| All contributions and acreage tax
es heretofore authorized by vote o
n majority I'm number and amount
of the property tax payers qualified
to vote under the laws of this State
ut elections held In drainage districts
torganixed under existing laws ART
hereby ratified and confirmed. nnt
their validity shall not be questioned
| Section = BE ii further resolved
That the official ballots to I've nsef
at said election shall have printed
thereon the words: For the pro
posed amendment to Article 2Sl o
the Constitution relative TO drainage
districts" and the words Against
the proposed amendment to Articl
Isl of the Constitution relative {,
i drainage Districts" and ench electo
i shall Indicate as provided I'm the gen
eral election laws of the State whetll
err he votes for or against the prOpos
eel amendment.
/ p. NJ. I.AMBREMoNT.
President Pro TEN of the Sena te
j. T. HYAMs.
Speaker of House of Representatives
Approved July 9Th, 1906.
NEWTON e. BLANCHARD.
Governor of the State of Louisiana
A true copy:
JOHN +. MICHEL.
Secretary of state.