St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1908-09-19

Section l. Be It resolved by the General as
semsly of the safe of louisiana, two-thirds
t2-33 of all the members elected to each House
eoneurring That Article Two Hundred and
Eighty-one t2S1} Of the Constitution OF thu
State of Louisiana, be so amended rs to Eea0
as follows
Article 2s1 Municipal corporation. parishes.
school, drainage br sewerage districts the City
of New 0rleansiexcepted, when authorized TO
do so, by O yotlsof Il majority in number and
amount of the property taxpayers qualified
q electors unfr the Constitution and laws
oL *his State biting at an election held for
tndt purpose $fer due notice of sud cleo
ioh h.s been Published for thirty 500 days
| IN the tdicial Ienrnal of the municipality or
paFlsh. aid Were there is official jour
PAL In a AeJpaper published therein, magN
Tnr debt. ar5 issue negotiable bonds there
| Lor' ito the extent of one-tenth u-10l Of the
| mpn nisa yanaaan of the property wilma salu
nhieipai eorp6Tation parish, school, VI drain
| se Vr Sewerage district, as shown By the iase
assessment ma prior to the submission Of aD
proposition 70 theproperty Taxpayers, as an so,
| provided and maybe authorized BY the p -
efty taxpayers Retns at said eleetion, 6 <ier t
| and assess spefiai taSss upon tha properp sud-
/ ject to taxatfen in thesparIsh school average
OF drainage district or oFrsration asd p ays ~;
said taxes imposed do Elst excesu i've !o)
mills the dollar Of the assessu 'aIuatoh
! in any one III year, nor run ssea'er
! number OF years than the nup.ISef haheu I'D
.Ds hpt%s abau he iss0aa pr any other pur-
pose pan stated in the subpl'esiob Vi lne prop
| ostton to the staxpayers.i IA anu puohshea Tor
| mornt than therst ,e6 tioned; nor shall such
bonds be issued for any pose IMAM Tor paving
and improving streets roads and alleys, drain
age. lights public K nS ana buildings bridges
+i+Io 70 which shsu vest in the municipal cor
| nors+ino parish school sewerage or drainage
districts 40 the case may be; nor shall sue
| - I'm for q longer period than forty (4U
| 0N -.fhplr date prpa for NJ
| ;;toros+ tan five (5) per cent per annum, or
| ho cold ID the municipal corporation, parish
| school drinase or sewerage district issuing
| saros fr less than par.
The municipal corporation. parish, school.
sayrerare pr drainage district Issuing such bonds
| shall nrodde for the payment of the interest
Annually. or semi-annually. and the principal
+haranf It maturity; provided. that the total
tssre az bonds by any municipality, parish.
school average or drainage district, for all
nnrnoses shall never exceed ten 10l per cent
~ the sssessed value of the property in such
| ,,ni 5usiity. parish, school, sewerage or drain
ace disrict Provided that municipal coun-
els shal have authority to create within their
resneetHe limits one or more sewerage districts;
| ana nrvided further that nothing herein con-
| +inod shall prevent drainage districts from
haine Established under the provisions of exist
| tna jars, and that all drainage districts estab
lisbed under the laws of this State shall, in
additin to the powers hereinabove granted
| hovo he further power and authority to levy
! ND assess annual contributions or acreage
+axes for the purpose Of providing and main
tainipe drainage systems, all lands situat-
ad In such districts not exceeding twenty five
losrl CENTS per acre for period not to exceed
tsty (40( years when authorized to do so by
| vnse of a majority in number and amount
!, | Of tie property tax payers of said district
| ouaiihed electors under the laws of this
| State voting at an election held for that pur-
| ase is provided In the first part of this a.
tisla and said drainage district, through the
paards of Commissioners thereof may incur
| indebsfdness and issue negotiable bonds there
| sor myable In principal and interest out Of,
md BOT to exceed in principal and interest
the aggregate amount to be raised by said
, snnua contributions during the period for which
Ne anne levied. No such drainage bonde
sbsH be issued for any other purpose than that
lie ~ which said contributions voted and
A. sslI not run for longer period than forty
IS IN years from their date, nor bear greateI
al rsisi of interest than five per cent. per annum
lie M be sold for less than par.
iii contributions and acreage taxes hereto
al saY authorized by vote of majority II
Is amber and amount of the property tax pay
r Lens qualified to vote under the laws of thii
a. tstte at elections held In drainage district
.df aranized under existing laws are hereby rau
al ia and confirmed, and their validity shall
n bot be questioned.
IF Provided that for the purpose of reducing
the total cate of special taxation. municipal
It separations parishes and school, sewerage o.
oI drainage districts, when authorized TO do so a
Y ahove shown for by the issuance Of bonds, ma
issue bonds covering any particular lSsu
81 Or issues of bonds. or the whole outstanding
slbonded Indebtedness incurred under. and for tn
q purpose shown in the first paragraph of thi
n article the said new bonds to be known q
4 Refund Issue Bonds of political Subdivision
elm the year -" Said Refund Issue Bond
shall ran for a period Of forty (4ol years fron
u their Date shall not bear a greater rate o
II interest than five (5) per cent per annum paya
Il Bile annually semi-annually, as the ordinanc
4 calling for the election may direct, and shal
not be sold by the municipal corporation, parish
Il school, sewerage drainage district issuin
i same, for less than par.
The said Refund Issue Bonds may be eithe
/ in whole OF in part exchanged for the bond
| previously issued under or by authority of thi
article. Value for value sold and the PR
| ceeds thereof used for the purpose of purchasin
outstanding bonds. Said elections, If favors
BILE to the issuance ri said bonds, shall NJ
occur to cover the same issue issues at FRI
! quenter Intervals than five (5) years; and eac
1 election shall not only cover any or all unrt
| funded bond issues authorized by and issued
| pursuance of the first paragraph OF this artlcl'
but may also include any or all previous refun
4 issues And when the bonds of any issue sha
have been obtained either by purchase or e.
| change. the tax rate levied to pay for sal
! bonds shall at once cease and said bonds
Cancelled Money accumulated to the credit
any bond Issue that is exchanged for or pu
chased by the proceeds of the sale OF. an
refund bond Issue shall be credited to the sal
refund issue and made part OF Its sinking fun'
Section 2 Be 1t further resolved. etc.. N
this proposed amendment shall be submitted
the qualified voters of the State for adoptit
or rejection at the presidential and congre
sional election to be held in November, Min
teen Hundred and Eight (19os). IL adopted, Il
J same shall take effect Immediately, thereafte
Section g. Be it further resolved etc. ,Th'
J on the official ballots to be used at said Gle
ton, there shall be placed the words; Fer Il
proposed amendment to Article Two Hundr'
! and Eighty (2S1l of the Constitution
Louisiana and the words: Against the pr
posed amendment to Article Two Hundred al
Eighty-one (2S1) of the Constitution of q
state of louisiana" and each elector shall
dicate as provided in the general election laS
of the State. which of the propositions "for"
I against he votes.
H. G. DUPRE.
r Speaker Of the House of Representative
P. NJ LAMBREM0NT.
Lieutenant Governor and President Of t
Senate. Approved July Q. 1908.
J. Y. SANDERS.
Governor of the State of Louisian
true copy.
JOHN T. MICHEL,