The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-08-29
ACT No. 800.

House Bill No. 3O4 ByMr Smith.
JOINT RESOLUTION.
Proposing an amendment to Article Two Hun,
dred and Eighty one (2SD of the Constitu.
ton of the State of Louisiana relative to
the issuance of bonds for work of public
improvement by municipal corporations.
parishes and drainage districts, and the
assessment of special taxes to pay for
same.
Section 1. Belt resolved by the General AS
sembly of the State of Louisiana. twothirds
of all the members elected to each House
concurring. That Article Two Hundred and
Eighty-one esd of the Constitution of the
State of Louisiana. be so amended as to read
! as follows:
Article 2sl. Municipal corporations, parish
| es school, drainage or sewerage districts, the
City of New Orleans excepted. when author
lied to do SO. by vote Of majority In num-
Der and amount of the property taxpayers,
| qualified Us electors under the Constitution
and laws Of this state. voting at an election
held for that purpose, after due notice of said
election has been published for thirty 500 days
parish. and where there Is no official journal,
in q newspaper published therein. may incur
debt and issue negotiable bonds therefor. to
the extent of One-tenth N.l0) Of the assessed
valuation of the property within said municipal
corporation. parish. school, or drainage or
sewerage district, as shown by the assessment
made prior to the submission Of the PROPOSE.
ton to the property taxpayers, as above pro-
! yided and may be authorized by the property
taxpayers voting at said election. to levy and
assess special taxes upon the property subject
| to taxation in the parish, school, sewerage or
drainage district or corporation, provided said
taxes SO imposed do not exceed five 80 mills
on the dollar of the assessed valuation in any
| one (Dyear, nor run for greater number OF
years than the number named in the PROPOSE
| ton submitted to the taxpayers.
| No bonds shall be issued for any other pnr-
pose than stated in the submission of the prop
oSition to the taxpayers and published for
| thirty 500 days. as aforesaid nor for greater
amount than therein mentioned; nor Shall
such bonds be issued for any purpose than
| for paving and improving streets. roads
and alleys. purchasing or constructing sys-
| tens of water-works. sewerage drain
age. lights, public parks and buildings, bridges
and other works of public improvement the
| title to which shall vest in the municipal cor
pOratiOn, parish, school. sewerage or drainage
districts. as the case may be; nor shall such
| bonds run for longer period than forty t40)
years from their date. or bear greater rate
of interest than five (0 per cent per annum
or be sold by the municipal corporation, par
ish school. drainage or sewerage district issu,
ing same for less than par
The municipal corporation, parish. school,
sewerage or drainage district issuing SUCH
bonds shall provide for the payment or the III
terest annually, or semiannually. and the prln
cipal thereof at maturity; provided. that the
| total issue of bonds by any municipality. par
ish school sewerage or drainage district. fol
all purposes shall never exceed ten 1U pei
cent of the as;essed value Of the property II
such municipality. parish. school sewerage OF
drainage district. Provided that municipal
councils shall have authority to create WITHIN
their respective limits one or more sewerage
districts; and provided further that nothing
herein contained shall prevent drainage DIS
tricts from being established under the pro
visions of existing laws and that all drainage
districts established under the laws OF TIT
state shall in addition to the powers hefelh
above granted, have the further power ant
authority to levy and assess annual contriou
tons or acreage taxes, for the purpose OF pro
yding and maintaining drainage systems o'
all lands situated in such districts not exceed
ing twenty-five (s5) cents per acre for pc
Rod not to exceed forty (aO years when au
thorized to do so by a vote of majority Il
number and amount of the property tax pay
ers of said district qualified as electors under
the laws of this state, voting at an electio
held for that purpose as provided in the mrs
part of this article, and said drainage districts