The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-10-24
ACT No, 800.

House Bill No. 3O4, ByMr, Smith |
JOINT RESOLUTION.
Proposing an amendment to Article Two Hun.
dred and Eighty one esd 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-thrdS
Of all the members elected to each House
cOncurring, That Article Two Hundred and
Eighty-one esd of the Constitution of the
State Of Louisiana. be so amended as to read
rs follows:
Article $751; Municipal corporations. parish
es. school, drainage or sewerage districts, the
City of New Orleans excepted. when author
lied to do so. by q vote OF majority in num-
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 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-l0 of the assessed
yaluetion 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-
yidcd 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 60 mills
on the dollar of the assessed valuation in any
one Uyear, nor run for a 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, drain
age, lights. public parks and buildings, bridges
AID ether works of public improvement. the
title to which shall yesI il the municipal cor
poration. parish. school sewerage or dis.nag e
districts as the case may be; nor shall sucL
| bonds run for a longer period than forty tsO)
| years from their date or bear greater rate
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 sucl
bonds shall provide for the payment or the in
terest annually. or semannually and the prin
l cipal thereof at maturity: provided. that tn
, total issue of bonds by any municipality. par
ish, school sewerage or drainage district, 10
r all purposes. shall never exceed ten uO) pc
/ cent of the assessed value of the property !
+ such municipality, parish. school sewerage @
, drainage district. Provided that municipf
4 councils shall have authority to create With
d their respective limits one or more sewerag
n districts; and provided further that nothin
o herein contained shall prevent drainage di
e tricts from being established under the pr
s visions of existing laws, and that all drainag
= districts established under the laws of tn
n state shall. in addition to the powers herei
It above granted. have the further power III
|, authority to levy and assess annual contrib
n tions or acreage taxes for the purpose of pr
IT viding and maintaining drainage systems, {
n all lands situated in such districts not excec
A. ing twenty-five (253 cents per acre for p
p Rod not to exceed forty (40) years when q
N thorZed to do so by q vote Of majority
Is number and amount OF the property tax pa
ID ers of said district qualified as electors unde
" the laws of this state voting at an electi'
lie held for that purpose as provided in the fir
D. part of this article and said drainage district