The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-09-26
ACT No. 300.

House Bill No. 3O4. BY Mr., 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, twothirds
OF all the members elected to each House
concurrng That Article Two Hundred and
EightyOne esd of the Constitution of the
State of Louisiana, be 80 amended as to read
as follows:
| Article 2Sl Municipal corporal OnS, 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 1907 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 Q10) 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
| a, iL, nhn,to
vded 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 90 mills
on the dollar of the assessed valuation in any
one Oyear, 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 (3O) 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 waterwOrks. 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 longer period than forty (40)
years from their date, or bear greater rate
of interest than I'VE 90 per cent per annum
or be sold by the municipal corporation par,
ISL school, drainage or sewerage district issu
ing same for less thanpar.
The municipal corporation, parish, school
! sewerage or drainage district issuing SucE
bonds shall provide for the payment or the in
terest annually, or semi-annually, and the prin
| cipal thereof at maturity; provided, that the
total issue of bonds by any municipality, par
ish. school sewerage or drainage district, FOL
all purposes. shall never exceed ten t0) pei
cent of the assessed value of the property il
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 nothini
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 TIL
state shall, in addition to the powers herein
above granted have the further power ant
authority to levy and assess annual contrbu
! tons or acreage taxes, for the purpose OF pro
yiding and maintaining drainage systems o.
all lands situated in such districts not exceed
ing twenty-five (25) cents per acre for u pc
Rod not to exceed forty (40) years when al
thorized to do SO bya Vote OF majority i
number and amount of the property tax pay
| 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 district: