St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1908-09-05

,,,n..r.ora fos1l of the Constitution OF rn
state of Louisiana, be SO amehoeu "
as follows: - orroration marshes.
tna1 drsinage or sewerage districts tne INy
of New Orleans excepted wnen T., t,,,nhar and
do 40 by vote of a maJSrl! ~ rr,.,fNo6
amount of the property taxEayFIS' "a ,aTvs
- ian+ors under the Constitution anu r
of This state voting at an eleeI.'n Ia .,ac-
that purpose, after due notee e,t aol davs
tion. has been published for thIfS t,,o3
=. 4hn oeiciaI journal of the munlclpanl! oR
narish and where there is no S Saa Uar
nal in newspaper puphsGeu , .nnra
incur debt and issue neGotiape tnot ~ tba
en- o. +ba extent of one-tenth tl-iVl Oh tn
assessed valuation of the propers ~ Arsin
municipal corporation, parish scnOoIs tb Ian+
ago or sewerage district, as SHOWN " = ~
"ee 20 made nrior TO the submission OF tn
pronositton to the property taApa!s rs .h WON
nroyided and may be authorized 20 law
nrtv taxnayers voting at sara eiectIoH' I
cry taAp"' ac,aI taxes upon the property sub
iact to taxation in the parish. senool' $780,
ar drainage district or corpofatfon' ,EI
.id +axes so imposed do not eAeeF" -
eu III 90 +bo dollar of the assessed VALUATION
in any one ~ year, nor run ~ 4aI u
number of years than the humpe' .rnsrars
tho nropostion submitted to the ,
'ne hds shall be issued for any other puF-
nose than stated in the SUBMISSION "a ~. y
oaition to the taxpayers, anu 1910.
thirty days 1907, as aforesalu, nov shall such
a,nonnt than therein mentioned; nor Su@n 9
%nnds he issued for any purpose than ~, p 49,!
and improving streets ROADS anu ~, 49, h;Saa
age, lights, public parks ano i,,nrnvemspt the
nd other works of public improvement, am
titIo to which shall vest in the mhniclpat wi
noratino parish. school sewerage Oh ,n,I snep
districts as the case ma! ps' nv, Srtu IAN
bonds run for longer period tbah lorC 80
"ars from their date, or bear greater l"te Va
interest than five 90 per cent per 'nsr,sb
he sold by the municipal corpofatt t tp,ing
school drainage or sewerage "i'tt1S'
same for less than par ,L s,booI
The municipal corporation, parish, sn'
sewerage or drainage district Issuing SueH o"nn
| shall provide for the payment Oh 'he It,oT
nroilv or semi annually, and fhe ptt"''P8t
thereof at maturity; provided. that the n1asA
| issue of bonds by any munlclpality' 81;
"hnoI sewerage or drainage district Iot aiA
srno o'oos SbaT never exceed ten (10) per cent
| Of the assessed value of the properly III sH.N
| municipality parish school, sewerage vi nlain
| age district Provided that hunleipa.
az az shnm have authority to create within their
resnective limits or more sewerage nlstrirIs'
and proyided further that nothing hereI' I'll
tanned shall prevent drainage districts lLon"
Ian t"m ostahIished under the provisions Of exist
| ing laws and that all drainage dlstricts eslan-
| 1isbed under the laws of this state shall' IN
| addition to the powers here1hapoVe E'an 'S
,a th further power and authority to levy
| and assess annual contributions or acreage
| taxes for the purpose OF providing an" NAN
tanning drainage systems on an anus t.,sartr'Sya
| cd in such districts not exceeding twenty s
| Io5cI cents per acre for period not 10 eAcee"
! forty (4O) years when authorized 10 90 SD ny
vote of majority in number ana a Mats.ne
| of the property tax payers OF saaH oI@'iirN
qualified as electors under the laws OF ms
state voting at election held Tor lhat pul
pose as provided in the nrst part OF tn,S a..
ticle and said drainage district through VIC
| boards of Commissioners thereof, may incur
Indebtedness and issue negotiable bonds tnerr
for payable in principal ana interest ona o.
ond NOT TO exceed in principal ana interest:
+be aggregate amount 10 be raised ny salH
annual contributions during the period Tor whlGh
the same levied. No such drainage oo ,la
shall he issued for any other purpose than that
Cor which said contributions were voted ana
shall not run for longer period thah torty
(40l years from their date, nor pear srea. .
rate of interest than hVe per cent per "tiuuiA''
nor be sold for less than par
All contributions and acreage taxes hereto
! fore authorized by vote OF maJoeny 70
) number and amount of the property tax pay
ORG oualified to vote under the laws or this
state at elections held in drainage districts
! organized under existing laws are hereby rati-
fed and confirmed, ana theN faltuiL@ shatA
not be questioned
Provided that for the purpose OF reducing
the total rate of special taxation municipal
corporations, parishes and school. sewerage or
drainage districts. when authorized TO do 80 as
above shown for by the issuance Of bonds mas
issue new bonds covering any particular issue
or issues of bonds, or the whole outstanding
e bonded indebtedness incurred under, and for the
u purpose shown in the first paragraph OF this
: article, the said new bonds to be known ie
Refund Issue Bonds OF IPoItlcal suDdiFlsioht
e in the wear - Said Refund Issue Bonds
shau run for a period Of forty (4o) years from
y their date. shall not bear greater rate OF
/
BILE annually or semiIannually, as the ordinance
calling for the election may direct, and shali
y not be sold by the municipal corporation parish
school, sewerage drainage district issuing
!, same, for less than par.
d The said Refund Issue Bonds may he either
e in whole in part exchanged for the bonoa
e previously issued under or by authority or this
IS article. Value for value, or sold and the pro-
cecds thereof used for the purpose Of purchasing
d outstanding bonds. Said felections, If fayora.
q BILE to the issuance of said bonds, shall nta
l. occur TO cover the same issue issues at fire.
8, quenter intervals than five (5l years; and each
81 election shall not only cover any or all unre
n funded bond issues authorized by and issued In
to pursuance of the first paragraph of this article
~ but may also include any or all previous refund
Or issues. And when the bonds of any issue ahal
- have been obtained either by purchase or ex
pr change the tax rate levied to pay for sait
u bonds shall at once cease and said bonds b'
In Cancelled. Money accumulated to the credit 81
ID any bond issue that is exchanged for, or puI
o. chased by the proceeds of the sale Of, am
n refund bond Issue shall be credited to the sait
ne refund issue and made part OF its sinking fund
81 Section 2. Be it further resolved. ETC.. Tn
nd this proposed amendment shall be submitted +
IN the qualified voters of the State for adoption
OF or rejection at the presidential and cOngrer
H. sional election to be held in November, Nine
In teen Hundred and Eight (190s1, If adopted, tn
SIS same shall take effect Immediately, thereafter
or Section 3. Be it further resolved, etc. .Tha
"a us on the official ballots to be used at said cleo
AZ tion there shall be placed the words; For tn
M proposed amendment to Article Two HRndre
us and Eighty-one (2S1) of the Constitution 9
ca Louisiana and the words: Against the PR
ny posed amendment to Article Two Hundred an
ne Eighty-one [2s1l of the Constitution OF til
al State of Louisiana" and each elector shall IL
Is dicate. provided in the general election Law
Of the State. which of the propositions for {
at against he votes.
ne H. G.. DUPRE.
FOR Snoosor NJ tho uor.o Of F,anresanta h va
&C. P. N. LAMBREMONT.
Oh Lieutenant Governor and President OF II
=, Senate. Approved July o. 1908.
lu J. Y. SANDERS.
rs, Is; Governor of the State of LouIsIan
"" true copy.
IA JOHN T. mitchell.
VI, Secretary of State.