The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-10-03
ACT No, 800.

House Bill No. 304. 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
concurring. That Article Two Hundred and
Eighty one esd of the Constitution of the
State of Louisiana. be so amended as to read
as follows:
Article 29l 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 u newspaper published therein, may incur
debt and issue negotiable bonds therefor, to
the extent OF one-tenth C-l0) 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-
yidcd and may be authorized by the property
taxpayers voting at said election to levy and
assess special taxes upon the property subject
to axation in the parish, school, sewerage or
drainage district or corporation, provided said
taxes so imposed do not exceed five (a) mills
on the dollar of the assessed valuation in any
one Wyear, nor run for q 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
ositon TO the taxpayers, and published 1or
thirty (30) days, as aforesaid, nor for greater
amount than therein mentioned nor Shall
such bonds be issued for any purpose Imam
for paving and improving streets, roads
and alleys, purchasing or constructing sys-
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 snail such
| bonds run for a longer period than forty lao)
, wears from their date, or bear greater rate
, of interest than five 60 per cent per annum
4 or be sold by the municipal corporation, par
$ ish school, drainage or sewerage district issu
1 ing same for less than par.
n The municipal corporation, parish, school
J. sewerage or drainage district issuing sucf
j.; bonds shall provide for the payment or the III
t terest annually. or semi-annually and the prn
b cipal thereof at maturity; provided. that tht
n totalissue of bonds by any municipality, par
!. ish, school sewerage or drainage district 10
II all purposes. shall never exceed ten (l0) pc
d cent of the assessed value of the property II
r such municipality parish, school sewerage
!. drainage district. Provided that munclpl
d councils shall have authority to create WITH
d their respective limits one or more sewerag
n districts; and provided further that nothln
49,
e tricts from being established under the prI
rs visions of existing laws. and that all dralnag
e. districts established under the laws OF tn
in state Shall in addition to the powers herel
,t above granted, have the further power an
L. authority to levy and assess annual confirm
in lions OF acreage taxes for the purpose OF pr
Ut yiding and maintaining drainage systems O
m all lands situated in such districts not eXcee'
n. ing twenty-five (s5l cents per acre for p
e. Rod not to exceed forty ti0) years when %
IN thorized to do SO bya vote of u majority
MS number and amount of the property tax pa
I'd ers of said district qualified as electors unde
~ the laws of this state voting at an eieclll
lie held for that purpose as provided in the FIR
n part of this article and said drainage district