The true Democrat., 1908-09-19
ACT No. 800.

| JOINT RESOLUTION.
Proposing an amendment to Article Two Hun.
dred and Eighty.o one (sSD of the Constitu,
tlonof 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-thirds
OF all the members elected to each House
concurring. That Article Two Hundred and
Eighty-one (28L of the Constitution of the
State of Louisiana, be so amended as to read
| as follows:
Article 2sl. Municipal corporations, parish
es school, drainage or sewerage districts. the
City OF New Orleans excepted, when author.
lied to do SO, by a vote of u majority in mum.
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 newspaper published therein may incur
debt, and issue negotiable bonds therefor. to
the extent of one-tenth Q-10 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
tion to the property taxpayers. as above pro-
vided 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 Wyear nor run for greater number of
years than the number named in the proposi-
tiOn submitted to the taxpayers.
No bonds shall be issued for any other pur-
pose than stated in the submission of the prop
0Stion to the taxpayers, and published for
thirty 800 days, as aforesaid. nor for a 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 (aO)
years from their date. or bear a greater rate
of interest than five (5) 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 such
bonds shall provide for the payment or the in
terest annually. or semiannually, and the prin-
cipal thereof at 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 QU 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 contribu-
tions or acreage taxes, for the purpose of pro-
yiding and maintaining drainage systems. on
all lands situated in such districts not exceed
ing twenty-five (25) cents per acre for pc
riod not to exceed forty GW years when ap'
thorized to do SO by a vote of majority, IN
number and amount of the property tax pay
ers of said district qualified as electors Ssnder
the laws of this state, voting at an ,flection
held for that purpose as provided isf the first
part of this article and said drainage districts,