The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-09-12
ACT No. 800.

House Bill No. 3O4. ByMr. Smith
JOINT RESOLUTION.
Proposing an amendment to Article Two Hun
dred and Eighty one (ssD 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
1 same
Section 1. Belt resolved by the General AS
sembly of the State Of Louisiana. twothirds
OF all the members elected to each House
concurring, That Article Two Hundred and
Eghty-one (2Sl) Of the Constitution of the
State Of Louisiana, be so amended as to read
| Us follows:
Article 2Si 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 at an election
| held for that purpose, after due notice OF said
election has been Published for thirty (3O) days
in the official journal of the municipality or
parish, and where there is no official journal,
| in q newspaper published therein may incurt
debt. and issue negotiable bonds therefor. to
the extent of onetenth Q-lO 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 ut 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 90 mills
on the dollar of the assessed valuation in any
one Wyear 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
! OStiOn to the taxpayers, and published for
| thirty 1907 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
TENS of water.works. sewerage. drain
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 a longer period than forty 40)
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 corporate ton, parish, school,
sewerage or drainage district issuing such
bonds shall provide for the payment or the in
terest annually. or semiannualy and the prin.
cipal thereof ct maturity; provided. that the
| total issue of bonds by any municipality. par
| ish. school sewerage or drainage district. for
| all purposes, shall never exceed ten Q0) per
cent of the assessed value of the property In
| such municipality, parish. school sewerage or
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 this
state shall in addition to the powers herein
above granted. have the further power and
authority to levy and assess annual contribn-
tons or acreage taxes for the purpose OF pro-
viding and maintaining drainage systems, on
all lands situated in such districts not exceed
ing twenty-five (s5) cents per acre for a pc
Rod not to exceed forty (4o) years when au-
| thorized to do SO by vote of o majority in
number and amount of the property tax pay
ers of said district qualified as electors under
| the laws of this state. voting at an election
held for that purpose as provided in the first
part of this article. and said drainage districts.