The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-10-31
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 Consttu.
tiOn 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 L. Belt resolved by the General AS,
sembly OF the State of Louisiana. two. thirds
of ah the members elected to each House
cOncurring. That Article Two Hundred and
Hghty-0ne esd of the Constitution of the
State OF, Louisiana. be so amended as to read
as follows
Article ssi. 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 mum,
Der and amount of the property taxpayers.
qualified as 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 600 days
in the official journal of the municipality or
parish and where there Is no Official journal.
in a newspaper published therein, may incur
debt, and issue negotiable bonds therefor, to
the extent of one.tenth G.lG 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-
vided and may be authorized by the property
taxpayers voting at said election. to levy and
to taxation in the parish school, sewerage or
drainage district or corporation. provided. said
taxes SO imposed do not exceed five % mills
on the dollar OF the assessed valuation in any
one Wyear, 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 pur-
pose than stated in the submission of the prop
osition to the taxpayers, and published for
thirty 500 days as aforesaid, nor for q 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. rs the case may be: nor shall such
bonds run for longer period than forty (4O)
years from their date. or bear a greater rate
of interest than Eve 81 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 in
terest annually, or semiannually. and the prin-
cipal thereof at maturity: provided, that the
total issue of bonds by any municipality par
ish, school sew erage or drainage district, for
all purposes. shall never exceed ten uO) per
cent of the assessed value of the property in
such municipality. parish. school sewerage or
drainage district Provided that municipal
councils shall have authority to create within
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 this
state shall, In addition TO the powers herein
above granted. have the further power and
authority to levy and assess annual contribu
tons or acreage taxes. for the purpose OF pro
viding and maintaining drainage systems. on
all lands situated in such districts not exceed
ing twenty-five (25) cents per acre for pc
Rod not TO exceed forty (40) years when au
thorized TO do so by vote of a majority in
number and amount of the property tax pay
ers of said district qualified IS electors under
the laws of this state. voting at an election
held for that purpose as provided in the first
part OF this article, and said drainage districts