The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-10-03

80 districts: and provided fur
nat nothing herein contained
~ rreyent drainage districts from
-. established under the provis-
q existing laws, and that all
.;,sre district established under
e of this State shall. In addi-
W = Inc powers hereinabove grant
VI Ave the further power and auth
- "a levy and assess annual con-
.tions or acreage taxes. for the
ns,oee OF providing and maintain
1rainage systems. on all lands
...ted in such district not exceed
stventy-fve (25c) cents per acre
~ neriod not to exceed forty (40)
-. vhen authorized to do SO by q
~ NJ 4 majority in number and
s.sunt of the property tax payers
~ "a district qualified a. electors
49, the laws Of this State, voting
e election held for that purpose
1oyided in the FIRST part of this
s,tiele. and said drainage districts,
;sesueh the Board Of Commissioners
isssof may incur Indebtedness and
- negotiable bonds therefor pay
m n principal and interest out Of,
~ not to exceed in principal and
i1rest, the aggregate amount to
- Ysised by said annual contribu-
s during the period for which the
re are levied. No such drainage
~ shall be issued for any other
moe than that for which said con-
HNntions were voted and shall not
= for q longer period than forty
04) years from their date, nor
~, ! greater rate of interest than
rs per cent. per annum, nor be
n for less than par.
An contributions and acreage tax
= heretofore authorized by vote of
nejority in number and amount
4 the property tax payers, qualified
n yote under the laws of this State
| 4 eitctions held III drai:I;.ye districts
enaised under existing laws are
sfgeby ratified and confirmed, and
/ III validity shall not be question
! Provided that for the purpose of
Inducing the total rate of special tax
|sticn, municipal corporations, parish
N and school sewerage or drainage
lbtYlcts, when authorized to do so
II shove shown for the issuance of
IlDodg may issue new bonds cover
II any particular issue or issues of
|bnds, or the whole outstanding
|bnded indebtedness incurred under,
.11 for the purpose shown in, the
|n1 paragraph Of this article. the
- new bonds to be known as Re
~ Issue Bonds of political Sub
hton) In the year - Said
lb1d Issue Bonds shall run for a
1lod Of forty (4O) years from
- date, shall not bear a greater
& n interest than five per cent
a1ntm. payable annually or semi.
1ally. IS the ordinance calling
~ election may direct, and shall
b sold by the municipal cor
2fien, parish school sewerage or
oAge district issuing same, for
Man par.
~ said Refund Issue Bonds may
y ether tn Whole or in part ex-
11ged for the bonds previously is
~ under or by authority of this
aele. Value for value, or sold and
u proceeds thereof used for the
leee Of purchasing outstanding
~ Said elections, IL favorable
tle issuance of said bonds, shall
eecur to cover the same issue or
At frequenter intervals than
E&A 0pcs - ~
lot only cover any or all unre-
1veond .isused authorized by |
- In pursuance Of the. first |
Nh Of this article, but may /
ptnde any or, all previous re- |
ued. And when the bonds-dn-
0ue shall have been obtained |
by purchase or exchange, the
ute levied to pay for said bonds
ct once cease and said bonds
S1nceled. Money accumulated to
Nedit Of any bonds issue that is
ased for, or purchased by the
Ids of the sale of. any refund
lssue shall be credited to the
refund issue and made part OF
liking fund.
SE3ErssNAA 6s 0O IL 4UIIuCI ICSOlVCUp |
That this proposed amendment
- submitted to the qualified
Of the State for adoption or
On at the presidential and
essi0nal election to be held In
nber. Ninteen Hundred and
1908,) ii adopted, the same
tAke effort Immediately there
flon 3. Be 1t further resolved,
hat on the Official ballots to be
o said election, there shall be
! the words: For the proposed
anent to Article Two Hundred
aghty-one esd of the Con-
cn of louisiana" and the
Against the proposed amend
g Article Two Hundred and
one (281) of the Constitu- /
the State Of Louisiana, and ,
hector shall indicate, a. pro-
= the general election laws Of
20. which Of the propositions !
= against" he votes.
~ H. g. DUPRE,. {
HIT OF the uovsoo ~ DAnpa~