St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1908-10-31

! roc%1on l. Be It resolved Dy tne uene1 Ans-ss
A,1T ~ the State of Louisiana tho-L L
seh. ,p an tho Trpmbers elected to each Houss
concurrint That Article Two Huhuteu az
tHeLty-one (2S1) Of the Constitution " -aaS
State Of Louisiana, be 30 anenueu -
as follows: ,ariahea
Article 2s1 Municipal corporation paris nsa,
school drainage sewerage districts Wy -
of New Orleans excepted Wueh ,,raher and
do So by vote of a majority ID huhoo1 ,,as
amount Of the property taxpayers 9u" -
as electors under the Constitution anu NJ, fo-
of this State voting at an election ~ .aid elec
that purpose, after due notice OF saiu 10
ton has been published for thirty (3ol oASS
in the official journal Of the mnnleipa l, ~,
parish and where there is no oneia4 Joa n,
nal in a newspaper published therein may
incur debt and issue negotiable bonds Lhe5e
for to the extent of one-tenth tl-AVl oL Ln
assessed yaluation of the properly Wlthih sai0
municipal corporation, parish, school OF uEaln .
ara or sewerage district, as shown by the Iast
assessment made prior 70 the submission OF IL
nronosition to the property taxpayers, az "poY~
proyided and may be authorized by the PioL~
artv +exnorers voting at said election, TO levy
and assess special taxes upon the properly SUI
iect to taxation in the parish. school, s4weEasS
or drainage district or corporation; proVlaeuT
said taxes so imposed do not exceed hVe sol
mills on the dollar of the assessed valuaton
in any one a. year, nor run TOE glea =
number of years than the numpeF halsu
the proposition submitted TO the taApaSets'
No bonds shall be issued for any other pur-
nose than stated in the submission OF the prop
osition to the taxpayers, ana pnplisheo t to
amount than therein mentioned; nor shall such
bonds be issued for any purpose tnan Tor pavins
and improving streets, roads ana Alleys, DRAIN
age lights, public parks ana Duldlbss' piiusse
ond other works of public Improvement, the
title to which shall vest in the mnmclpai GOT
nora tino parish, school sewerage or dralhasY
districts as the may be; nor Snail SUI
bonds rim for a longer period than forty t4os
years from their date, or bear greater rate OF
| interest than five 90 per cent per ahhum. %
be sold by the municipal corporation parish.
fDap n
| same for less than par
The municipal corporation, parish, schooi'
sewerage drainage district Issuing such nonas
shall provide for the payment OF tha AnteTest
| annually or semi-annually. and the prlnclpaS
| thereof ut maturity; provided, that the tofai
issue of bonds by any MUNICIPALITY PARISH.
| school sewerage or drainage district, for all
| nurposes. shall never exceed ten (10l per cent
| of the assessed value Of the properly IN snch
municipality, parish, school, sewerage or draln-
age district Provided that munlclna4 eoun-
oils shall have authority to create within their
respective limits or more sewerage DISTRICTS
| and provided further that nothing herein con
| tanned shall prevent drainage districts from
being established under the provisions of exist
| ing laws and that all drainage districts estab-
| Iished under the laws of this State shall. IN
| addition to the powers here1naboVe granted
have the further power and authority to levy
and assess annual contributions or acreage
| taxes for the purpose Of providing and main
tanning drainage systems, on all lands sttuat-
| ed in such districts not exceeding twenty-five
| (25c) cents per acre for period not TO exceed
| forty (40) years when authorized to do 80 BY
| vote of a majority in number and amount
| of the property tax payers OF said district
qualified as electors under the laws of this
State voting at election held for that pur-
| pose as provided in the first part OF this at
| ticle and said drainage district, through the
Boards of Commissioners thereof, may incur
Indebtedness and issue negotiable bends there
for payable In principal and interest out OF,
! and not to exceed in principal and interest.
/ fine aggregate amount to be raised by said
| annual contributions during the period for which
| the same are levied. No such drainage bonds
| shall be issued for any other purpose than thai
| for which said contributions were voted and
| shall not run for longer period than forty
| (40) years from their date, nor bear creates
| rate of interest than five per cent. per annum.
nor be sold for less than par.
All contributions and acreage taxes hereto.
| fore authorized by vote of q majority In
number and amount of the property tax pay
/ ers qualified to vote under the laws Of this
| state at elections held in drainage districts
| organized under existing laws are hereby rati.
fed and confirmed, and their validity SHAH
not be questioned"
Provided that for the purpose Of reducing
| the total ESte Of special taxation, municipal
corporations. parishes and school, sewerage or
| drainage districts, when authorized to do
| above shown for by the issuance of bonds, mas
issue bonds covering any particular issue
issues of bonds, or the whole outstanding
4 bonded Indebtedness incurred under, and Tor the
| purpose shown in the first paragraph Of this
| article, the said bonds to be known as
Refund Issue Bonds of Political Suhdivision}
/
| shall for period OF forty (40) years from
their date shall not bear a greater rate Of
| interest than five t5) per cent per annum paya'
| BILE annually semi-annually, as the ordinance
| calling for the election may direct. and shall
not be sold by the municipal corporation, parish.
school, sewerage drainage district issuing
same, for less than par.
The said Refund Issue Bonds may be either
| in whole or in part exchanged for the bonds
| previously issued under or by authority Of this
article Value for value, or sold and the pro.
| 1900 Up nf
outstanding bonds. Said elections, IL favoras
| BILE to the issuance of said bonds. shall ntA
occur to cover the same issue or issues at FIRE.
quenter Intervals than i've (5) years. and each
| election shall not only cover any all unre-
| funded bond issues authorized by and issued II
| pursuance Of the first paragraph Of this article.
| but may also include any or all previous refund
| issues And when the bonds Of any issue shaI
| have been obtained either by purchase or ex
| change, the tax rate levied to pay for said
| bonds shall at once cease and said bonds be
| Cancelled. Money accumulated to the credit Of
! any bond issue that is exchanged for, or pur
/ chased by the proceeds of the sale Of any
| refund bond issue shall be credited to the said
| refund issue and made part Of it's sinking fund.-
Section 2. Be it further resolved. etc III
| this proposed amendment shall be submitted to
| the qualified voters of the State for adoption
| or rejection at the presidential and congress
| sional election to be held in November Nine
| teen Hundred and Eight (190S) If adopted the
same shall take effect Immediately, thereafter
| Section B. Be 1t further resolved, etc. That
| on the official ballots to be used at said eiee.
ton, there shall be placed the words: '.For tha
| proposed amendment to Article Two Hundred
| and Eighty-one t2s1) of the Constitution OF
Louisiana" and the words Against the pro.
| posed amendment to Article Two Hundred and
EiGhty-one (2sl) of the Constitution of tina
| State Of Louisiana and each e1ector shall in
dieate, as provided in the general election laws
OF the State, which Of the propositions ''for'' on
| against he votes.
| H. G. DUPRE
Speaker Of the House of Representatives
P. n. LAMBREAIoNT
Lieutenant Governor and President of the
| Senate. Approved July O. 1908.
| ]. Y. SANDERS
| Governor of the State Of Louisiana.
1 A true copy
! JOHN F. MICHEL