The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-08-29

tatives.
P. NJ LAMBREMONT
Lieutenant Governor and pr.
dent of the Senate.
Approved July 9th, 1908.
J. Y. SANDERS,
Governor of the State of Louis,r
A true copy.
JOHN Il. MICHEL.
Secretary of State.
ACT No. 800.
House Bill No. $40. BY Mr., Smhi
JOINT RESOLUTION
Proposing an amendment to nj,
Gle Two Hundred and Eightyos
| (28D of the Constitution of the St,t
of Louisiana. relative to the issua,s
of bonds for work of public imprmt
ment by municipal corporations, %
ishes and drainage districts, and III
assessment of special taxes to DAY n
same.
Section l. Be it resolved BY ~
General Assembly of the State I
Louisiana, two-thirds (2-3) Of inI
the members elected to each HON.
concurring, That Article Two Hun
dred and Eighty-one (2S1) Of ii
Constitution of the State of Louid
ana, be so amended as to read Il
follows:
Article PSI. Municipal corport
ton, parishes. schools, drainage d
sewerage districts of the City Of Md
Orleans excepted. when authorize
to do SO, by a vote of a majority 4
number and amount Of u
property taxpayers. qualified =
electors under the Constitution al
laws of this State voting at an elet
ton held for that purpose. after Dr.
notice of said election has been pub
lished for thirty 600 days in u
official journal of the municipality q
parish. and where there IL no o.
cial journal, in a newspaper puht
shed therein, may incur debt. ~ |
issue negotiable bonds therefor, y
the extent of one-tenth Q-10) AZ
the assessed valuation of the PRO-
erty within said municipal corpcFt
ton, parish, school, or drainage g |
sewerage district, as shown BY ~
assessment made prior to the ND
mission of the proposition to ue
property tax payers, as above prove
ed, and may be authorized BY "
property taxpayers voting at g..
election. to levy and assess spee'a
takes upon the property suDjecl =
taxation in the parish. school sewer
age or drainage district or corpora
ton; provided, said taxes 50 ~
posed do not exceed five to- NIUE
on the dollar of the assessed valus
ton in any one % year, nor =.
for a greater number of years tnal
the number named in the proposf
ton submitted to the taxpayers
No bonds shall be issued TOT ~!
other purpose than stated in the sur
mission of the proposition to the ~
payers, and published for tnlIv
days (30,) as aforesaid, nor for
greater amount than therein meE
toned; nor shall such bonds be
sued for any purpose than TOR ps..
ing and improving streets. roads ~
alleys, purchasing or construcs..s
systems of water-works, sewefsss
drainage lights, public parks ~
buildings, bridges and other wo'.
of public improvements, the tue
which shall vest in the municlpsI ~
parish. school sewerage
district as the case may ~
nor shall such bonds run Tor .
ger period than forty (4O) 49,
from their date, or bear q graz
rate of interest than five ~
cent per annum, or be sold Dy -
municipal corporation, parish scnS
1rainage or sewerage district iSsu'-
same for less than par. -.
The municipal corporation. pa.I
school, sewerage or drainage aisu -
ssuing such bonds shall proVloe ~
he payment of the interest annu.IS
T. semi-annually, and the plinesI
hereof at maturity; provided;
he total issue o. bonds by any ms,
'ipality. parish. school, sewerass
lrainage district, for all pulps.st
hall never exceed ten (10lpef
# the assessed value of the pI
rty in such municipality. pa
chool, sewerage or drainage dlsu
Provided that municipal couI.1
hall have authority to create 49,
D their respective limits one Of