The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-10-10
ACT No. 800.


House Bill No. 30i BY Mr.. Smith
JOINT RESOLUTION.
Proposing an amendment to Article Two Hun
dred and Hghtyone (2S) of the Constitu-
ton 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 |. Belt resolved by the General AS
sembly of the State of Louisiana. two-thirds
of all the members elected to each House
concurring, That Article Two Hundred and
Eighty-one ts8l) of the Constitution of the
State of Louisiana. be 80 amended as to read
as follows:
Article ISL 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 num-
Der and amount of the property taxpayers.
qualified as electors under the Constitution
and laws of this state, voting ut an election
held for that purpose, after due notice OF said
election has been published for thirty 500 days
in the official journal of the municipality or
parish, and where there is no official journal,
in newspaper published therein, may incur
debt, and issue negotiable bonds therefor to
the extent of one-tenth Q-1O 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
assess special taxes upon the property subject
to taxation in the parish school, sewerage or
drainage district or corporation provided. said
taxes SO imposed do not exceed five (5) mills
on the dollar of the assessed valuation in any
one Oyear 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 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, dram
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, as the case may be: nor Shall such
bonds run for longer period than forty t4O)
| MI. 1,t hnn urnn tapr n
of interest than five 90 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 prln'
cipal thereof at maturity; provided. that the
total issue of bonds by any municipality, par
ish school sewerage or drainage district 1or
\ all purposes shall never exceed ten 90 pei
cent of the assessed value of the property III
/ such municipality, parish, school sewerage OF
drainage district Provided that municipal
councils shall have authority to create within
their respective limits one or more sewerage
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 thu
state shall, in addition to the powers herein
above granted have the further power ant
authority to levy and assess annual contrlDn
tions or acreage taxes. for the purpose OF pro
viding and maintaining drainage systems OF
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 10 do so by vote of majority Il
5 number and amount of the property tax pas
ers of said district qualified as electors under
, the laws of this state. voting at an electio
: held for that purpose as provided in the frs
part of this article and said drainage districts