The Natchitoches enterprise., 1908-09-24

House Bill No. $40 BY Mr. Smith
JOINT RESOLUTION

House Bill No. $40 By Mr. Smith
JOINT RESOLUTION
Proposing an amendment to Article
Two Hundred and Eighty-one (2Sl.
Of the Constitution Of the State Of
Louisiana, relative to the issuance
OF bonds for works of public i'm
prOYement by municipal corpora
lions, parishes and districts, parish
es and drainage districts and the
assessment Of special taxes to pay
for same.
Section /. BE it resolved by the
General Assembly of the State of
Louisiana, Uwo-thirds (2-3) of all
the members elected to each House
and Eighty-one (2Sl) of the Con
stitution Of the State of Louisiana,
be so amended as to read as follows:
Article Isl. Municipal corporation,
parishes, school, drainage or sewerage
districts the City Of New Orleans ex-
cepted, when authorized to do so, by
vote of a majority in number and
amount of the property taxpayers.
qualified as electors under the Con
stituli0n and laws Of this State. vo-
ting at an election held for that Dur-
pose, after due notice of said election
has been published for thirty 1861 days
IN the official journal of the munich
pality or parish, ard whore there IS
no ofticievi 3ouruai, IN a newspaper pub
iIshed therein, may incur debt. and
issue negotiable bonds therefor to
the extent Of One-tenth 1-l0) Of the
assessed valuation of the property
within said municipal corporation.
parish, school, or drainage or sewer
age district as shown by the last as
sessment made prior TO the submis-
sion OF the proposition to the proper
tY taxpayers, as above provided and
may be authorized by the property
taxpayers voting at said election, to
levy and assess special taxes upon the
subject to taxation i'm tile
parish, school sewerage or drainage
district or corporation provided. |
said taxes so imposed do not exceed
i've t5) mills on the dollar Of the as
Sessed valuation in any one ~ year.
nor run for a greater number Of wears
Than the number named i'm the pro-
position submisted to the taxpayers. |
NO bonds shall be issued for any /
)ther purpose than stated i'm the sub |
mission OF the proposition to the tax
payers, ana published for thirty DAYS
3Ol as aforesaid, nor for a greater
mount than therein mentioned nor
hall such bonds be issued for any
purpose than for paving and improv-
ng streets, roads and alleys. purcIa-
is-g or constructing SYSTEMS OF
PateF-wQSs, sewerage, drainage.
IghtT 3lic parks and building
rldedaA ns@E0ther works of public iln-
oyenEehs4sAthe title of wiz. shall.
est I'm the municipal Corporate
arlsh, school sewerage or drainage
lstrictS, as tile ease may be nor
lall such bonds run for longer pc
.od tlan forty (4OJ years from their
ate, or bear q greater rate of inter-
y Than i've ~ per cent per annum- {
be sold by the municipal corpora. J
on, parish, school drainage or sew I
age district issuing same for less {
nan par Ii
The municipal corporation, parish. 2
hool, sewerage or drainage district ;
suing such bonds shall provide Tor
g payment Of the interest annually, d
d the principal thereof at maturity: u
divided; that the total issue Of bonds t,
any municipality, parish, school. q
Nerage or drainage district, Tor a,I
rpoeeS, shall never exceed TEN tl0 IS
I cent? OF the assessed NalL3 uf IS
e property in such municipal q
Z, parish, school, sewerage or draja TO
9 district. Provided That munich ~
councils shall have authority tO il
cate within their respective limit, IA
e or more sewerage districts: AMI h
divided further that nothing herein a
ltalned shall prevent drainage d.9- q;
cts from being established under Si
e provisions of exiting laws, and n
at all drainage district. established Id
der tile laws Of this State shall. FL n
dition to the powers hereinaboye 81
lnted, have the further pow and lie
tAOrity 70 levy and assess q Hfiual ca
1tributlonS or acreage taxes. fOr tile ii
rpose Of providing and maintaining "
linage systems, on all lands Situa- in
! in such districts not exceeding oil
enty-tve l25c.l cents per acre for a Vi
rod not TO exceed forty (t0I Years Is
zen authorized TO do so by a vote hi
4 majority i'm number and amount NJ
the property tax payers of said dis re
ct qualified as electors under lie lli
IS of this State, voting at an elec- ur
n held for that purpose as prori- %
in the first part OF thi- 3rt tcle. Dbl
4 said drainage districts tl-lIofi ~h
! Boards Of Commissioners thereof. lc
s incur Indebtedness and issue ne ti
liable bonds therefore pavanlp IN ID,
ncipie and interest 0gt III ana INST IL
exceed In principal and interest. q,
, aggregate amount tU ne raised Dr. So
4 annual contributions during tht hl
.iod Tor which tie Same are levied. la
such drainage bonds shall De i. IN
q ior ans V,.tr purpose than that ca