The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-10-31

49, AAol vi the 0h.
cial ballots to be used at said eis.I
ton shall be placed the words:
For the amendment to Artist
134 of the Constitution" "Apsirs
the amendment to Article 1874 If m.
Constitution" And each el...s
shall indicate his vote on the ~
posed amendment as provided in n.
general election laws of the Stat.
H. G. DUPRE,
Speaker of the House of Reprea,s
tatives.
P. NJ. LAMBREMONT
Lieutenant Governor and prssL
dent of the Senate.
Approved July 9th, 1908.
]. Y. SANDERS,
Governor of the State of Loui,ian
A true copy.
JOHN +. MICHEL,
Secretary of State.
ACT No. 800.
House Bill No. $40. BY Mr.. Smith
JOINT RESOLUTION
Proposing an amendment to ard
Gle Two Hundred and Eighty-one
(2SD of the Constitution Of the St,tA
of Louisiana, relative to the issuance
of bonds for work of public impro,e.
ment by municipal corporations, pr.
ishes and drainage districts, and he
assessment of special taxes to pey iR
same.
Section 1. Be it resolved By ths
General Assembly of the State of
Louisiana, two-thirds (2-3) Of a
the members elected to each HOVE
concurring, That Article Two Hun
dred and Eighty-one (2S1) Of ~
Constitution of the State Of Lonid-
ana, be SO amended as to read Y
follows: 80 ~
Article 2S1. Municipal cofpoa-
ton, parishes. schools, drainage u
sewerage districts of the City Of Nav
Orleans excepted, when authorized
to do SO, by a vote of majority b
number and amount OF To
property taxpayers. qualified y
electors under the Constitution and
laws of this State voting at an elecrl
ton held for that purpose, after due
notice of said election has been pub,
lished for thirty 600 days in -
official journal of the municipality q
parish, and where there y no
cial journal, in newspaper pun
shed therein, may incur debt, ane
issue negotiable bonds therefor .
the extent of one-tenth Clio q
the assessed valuation Of the psef
erty within said municiua corpvrt
ton, parish. school, orSnHhage q
sewerage district, as sh0wH b. "
assessment made prior to ne w
mission of the proposition to "
property tax payers, as above proylo-
ed, and may be authorized Dy Is
property taxpayers voting 81 ~
election, to levy and assess speu.'
takes upon the property subject y
taxation in the parish, school seva
age or drainage district or corpcW
ton; provided, said taxes 20 ~.
posed do not exceed five To- mns
on the dollar of the assessed van.
ton in any one % year, nor ~
for a greater number of years u
the number named in the propo
ton submitted to the Taxpayers
No bonds shall be issued lor ~
other purpose than stated in the ~
mission of the proposition to inc !.
payers, and published for tnlw
days (3O,) as aforesaid. nor lOl Z
greater amount than therein me-
toned; nor shall such bonds Dc
sued/ for any purpose than for pay
ing and improving streets. roaq. ~
alleys, purchasing or consu 1919
Systems of water-works, sewers.
drainage lights, public parks =.
buildings, bridges and otner, ~ =
of public improvements, the ~
which shall vest in the municipal ~
poration, parish, school sewel..s =.
drainage district as the case nay ~
nor shall such bonds run roT : ~
ger period than forty (40t 49,
from their date, or bear 49,
rate of interest than i've ~
cent per annum, or be sold WsS
municipal corporation. paris ~
drainage or sewerage dlstElc n
same for less than par. -
The municipal corporatis ss,S
school, sewerage or drainaee ~ ~
issuing such bonds shall Prov. r..
the payment of the interea ans.,rsi
or semi-annually, and ths IN
thereof at maturity; prcvided -
the total issue OIL bonds ~ any.rs
cipality, parish, school, sewel
drainage district, for Ell yu. f.
shall never exceed ten hvJp -
of the assessedsvalue 4 ING 80
erty in such municipality, i,ssri.
school, sewerage or drainss scsnd \
Provided that municpsI ~ -
shall have authority 10 0 !. 80
In their respective limts 09s :. -. ~
CONTINUED on Psse -