New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-09-03

period not exceeding forty t4o) years, when
authorized to do so by majority IN mum
of said district, qualified to vote under the
Constitution and laws of this State, who
vote at an election held for that purpose
and in the manner provided in the first part
of this Article and said drainage districts,
through the Boards of Commissioners there
OF, when authorized as hereinabove provided,
may incur debt and issue negotiable bonds
therefor, payable in principal and interest
out of and not to exceed III principal and
interest the aggregate amount to be raised
by said annual contributions acreage taxes
during the period for which the same are
levied. No such drainage bonds shall be
issued for any other purpose than that for
which said contributions or acreage taxes
were voted or run for longer period than
forty (40) years from their date, or bear
greater rate of interest than five go per
cent per annum, or be sold for less than
When the character of any land is such
that it must be levied and pumped in order
Drainage Commissioners of the district IN
which the land is situated shall, upon the
petition of not less than majority IN acre,
age of the property taxpayers, resident ana
non resident, in the to De affected as
certain the cost of drainage and reclaimlng
said land and incur debt aga inst said land
it, and issue for said debt negotiable honda
running not longer than forty (40) years
from their date and bearing interest at
rate not exceeding five (5) per centum per
annum, payable annually or semi annually,
which bonds shall not be sold for less than
par; and said Board of Drainage Commits,
sioners shall levy annually upon said land
forced contributions or acreage taxes IN an
amount sufficient to maintain the drainage
of said land and to pay the interest, annu-
ally or semi-annually, and the principal falt-
ing due each year, such amount as may
be required for any sinking fund provided
for the payment of said bonds at maturity;
provided, that such forced contribution or
acreage taxes. for all purposes. shall never yer
exceed Three Dollars and Fifty Cents ($3.5O)
per acre per annum. -
The police jures of tho various parishes
throughout the State, for the purpose OF
constructing highways and public buildings
for the parish, and the governing authorities
OF municipal corporations, for the purpose
Of paving improving streets or alleys, or
for other municipal improvements, after max
ing provision for the payments of all statu-
tory and ordinary charges, may fund into
bonds running for period not exceeding ten
G0) years, and bearing interest at a rate
not exceeding five 81, per centum per an
than par, the avails of the residue of the ten
Go) mill tax authorized by Article 232 of
the Constitution Of Louisiana.
That this proposed amendment shall be sub
mitted to the qualified voters OF this State
FOR adoption or rejection at the nGres.
gional election to be held in November, 1910;
and if adopted, the same shall take effect
Immediately thereafter.
~, Section % 8 Be it further resolved, etc;
said election there shall be placed the words,
For the Proposed Amendment to Article
Two Hundred and Eighty one Of the Con
stitntion of Louisiana and the words.
Against the Proposed Amendment to Ar
ticle Two Hundred and Eighty-one of the
Constitution of Louisiana and each elector
shall indicate. as provided in the general
election laws Of the State, which of the
propositions, For or 'Aranst" he votes
H. G. DUPRE
Speaker Of the House of REPRESENTATIVES.
P. NJ. LAMPREMONT,
Lieutenant Governor and President of the
Senate.
Approved: July 6. 1910.
J. Y. SANDERS,
Governor of the State Of Louisiana.
A true copy:
JOHN T. MICHEL.
Secretary of State