St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1908-08-29


Eirbtg.one t2s1f Of the Consultation Of tne
State Of Louisiana, be 50 amended as to read
as follows
Article 2sf Municipal corporation. parishes.
school, drainage sewerage districts the City
OF New Orleans excepted when authorized to
do So by vote of majority in number and
amount of the property taxpayers. qualified
as electors under the Constitution and laws
pf this State voting at an election held for
that purpose, after due notice of said elec-
tfon has been published FOR thirty 800 days
. in the oIiefal journal of the municipality or
parish, and where there is no official jour-
nal in newspaper published therein, may
incur debt and issue negotiable bonds there
]; for, TO the extent Of one-tenth fl-l0l of the
assessed valuation of the property within said
municipal corporation. parish, school or drain
age or sewerage district. shown by the last
assessment made prior to the submission OF tha
proposition to the property taxpayers, as above
provided and may be authorized by the prop
erty taxpayers voting at said election, TO levy
and assess special taxes upon the property SUD
feet to taxation in the parish school, sewerage
or drainage district or corporations provided,
said taxes SO imposed do not exceed hVe l5l
mills on the dollar of the assessed valuation
in any one az year, run for greater
number of years than the number naped in
the proposition submitted to the taxpayers.
No bonds shall be issued for any other pur-s
pose than stated in the submission of the prop
osition to the taxpayers, and published for
thirty days t30), as aforesaid, nor for greater
amount than therein mentioned; nor snail such
bonds be issued for any purpose tnan Ior paving
and Improving streets roads and alleys drain
| age, lights, public parks and buildings. hr1dges
and other works of public improvement, the
title to which shall vest in the munlelpai eor-
| poratino, parish, school sewerage or drainage
districts, as the may bei nof shall such
! bonds run for a longer period than forty t40l
! years from their date or bear q greater rate OF
| interest than five (5) per cent per annum, or
| be sold by the municipal corporation parish,
school. drainage sewerage district issuing
same for less than par.
The municipal corporation. parish. school,
T sewerage drainage district Issuing such bonds
! shall provide for the payment of the interest
I annually. or seni-annuaily. and the principal
! thereof at maturity: provided that the total
/ issue Of bonds by any municipality parish.
4 school, sewerage or drainage district Tor az
1 purposes, shall never exceed ten (10l per cent
of the assessed value Of the property in such
municipality, parish school, sewerage or drain
age district. Provided that municipal coun-
ellis shall have authority to create within their
i respective limits one or more seweEaNe hstrictss
and provided further that nothing hssein con
| tafned shall prevent drainage Districts frora
i beine established under the provisions Of exist
ing laws. and that all drainage districts estah-
i lished under the laws Of this StAte shall IN
! addition to- the powers heretnabuye granted
| have The further power and authoEity 10 levy
and assess annual contributions or acreage
| taxes for the purpose Of providing and main
4 tanning drainage systems, on al iands situhtT
| ed in such districts not exceeding fwenty-nY9
(25c) cents per acre for a period NOT 10 exceed
forty t40l years when authorized 10 do SO by
i vote of majority in number and amount
of the property tax payers OF said district
q qualified ais electors under the laws of this
| state. voting at an election held for that par
nose as provided in the first part OF this az,
ffcia e and said drainage district. through tins
pea.ds H commissioners thereof, may incur
Indebtedness and issue negotiable bends there
for payable in principal and interest out ef,
and not to exceed in principal ana aAnteresI.
tha aggregate amount to- be raised bE said
annual contributions during the perb0a7 fnf which
n the same are levied. No such dfa@nage bonds
n shall he issued for any other purpose than thai
for which said contributions were 4oted anc
shall not run for longer period than forty
f4o) years from their date. nor beaffa creates
rate of interest than five per cents Ifr annuIn,
nor be sold for less than par
All contributions and aeFeage tsxes hereto.
fore authorized by vote OF paJoFitg 4
| number and amount Of the properiH tax pay
| ers qualified to vote under the laws "a this
, | state at elections held in drainage districts
, organized under existing laws are Aessby rati
fed and confirmed. and their yaaalfy shall
not be questioned *
Provided that for the purpose N reducing
the total rate Of special taxation munlcipA
corporations. parishes and schools sewefage q
drainage districts, when authorized 70 90 SO Al
above shown for by the issuance OF bonds maj
issue new bonds covering any particular issu'
or issues of bonds, the whole outstandtni
bonded indebtedness Incurred UNDER and for thi
purpose shown In the first paragraph Of thi
: article the said new bonds to- be known ~
z Refund Issue Bonds Of Political Subdivision
in the year - Said Refund issue Bond
shan run for period Of forty (l01 years iron
q their date shall not bear greater rate Q
y interest than tive t5l per cent per ahnum, paga
9 HE annually or semi annually, as tie ordinane
calling for the election may direet and Ntlal
: not be sold BY the municipal eorpor Ion. psrish
' school sewerage or drainage district issuin
Z same, for less than par.
The said Refund Issue Bonds maE be eithe
o IN whole orr In part exchanged &af4 the hehd
e previously issued under or by authetlts II TIL
g article Value for value. sed GsA the PIX
ceeds thereof used for the purpose OF burehasin
q outstanding bonds. Said elections, faFoga
= BILE to the issuance of said bonds shaA He
/ occur to cover the same issue or issss at fEe
5, auenter intervals than five (51 years land eae
y election shall not only cover any Ot all nnrt
p funded bond issues authorized by and issned
~ pursuance of the first paragraph Oft H. article
2, but may also include any all preyisns fefuH
u issues. And when the bonds of amy ssue Eha
q have been obtained either by purchase ar n.
= change the tax rate levied to paw for sal
bonds shall at once cease and said bonds !
y Cancelled. Money accumulated TO the credit (
ID any bond issue that is exchanged hk, Or pu
q chased by the proceeds Of the ssl of, an
u refund bond issue shall be credited ~ the So
y refund issue and made part Of its Sinking fuhs
81 Section 2. BE 1t further resolved ete. Tn
"a this proposed amendment shall be admitted
n the qualified voters Of the State Tor adoptis
% or rejection at the presidential and kengfe
y sional election to be held In NoTenh n III
n teen Hundred and Eight (19osl. II sdsS g
n same shall take effect immediately fheEsafts
q Section 8. Be it further resolved eta
" on the official ballots to be used al EsiA aeae
y ton there shall be placed the words. ~ q
y proposed amendment to Article Tive lsit9N
" and Eighty-one f2S1) OF the Constita ID
Louisiana, and the words: Against ae TE
y posed amendment to Article Two Hundred q
ae Eighty -one (2sf) of the Constitution of I
a. State Of Louisiana and each eleetor SHAH
y dfcate. as provided In the general election Iaa
"a Of the State. which of the propositions '.for
al against" he votes.
ne n. @. DuPRE.
@ Speaker OF the House of Repreaentativ.
y = P. n. LAMBRESdONT,
y Lieutenant Governor and President of I
j. Senate. Approved July O. 1a0s.S
~ ]. Y. SANDERS
20 Governor of the State of Iaaisiar
10 true copy.
d JOHN T. mitchell.