The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1910-09-24
ACT NO. 1877.
~1O4 wv 1VT'
House Bill No. 326.
JOINT RESOLUTION

JOINT RESOLUTION
Proposing an amendment to Article Two
| Hundred and Eighty One ESD OF the
Constitution Of the State of Louisiana, rel.
| alive to the issuance of bonds for work OF
| public improvements by municipal corpo
| rations, parishes and schools drainage
| and sewerage districts, the City of New
| Orleans excepted, and the assessment Of
| special taxes to pay for same
Section l.. Be it resolved by the Gen.
eral Assembly of the State of Louisiana
'two-thirds (23) of all the members elected
to each House concurring, That Article Two
| Hundred and Lghty-one C261) of tho
| Constitution of the State of Louisiana b.
so amended as to read as follows:
| Article 291. Municipal corporations par
ishes or school, drainage subdrainage. road,
navigation. ''or sewerage districts. the City
OF New Orleans excepted. hereinafter. refer.
red to as subdivisions, when authorized to
and amount of the property taxpayers quail.
flied to vote under the Constitution and
laws OF this State, who vote at election
held for that, purpose, after due notice Of
said election has been published for thirty
800 days in the official journal of the mu,
nlclpal corporation or parishes, and, where
there is no official journal, in newspaper
published therein, may, through their. re.
spective governing authorities incur debt
and issue negotiable bonds therefor, and
dence said indebtedness are outstanding the
governing authorities of such subdivision
shall levy and collect annually, in excess Of
all other taxes, tax sufficient to pay the
interest, annually or semi annually, and the
principal falling due each year. or such
amount as may be required for any sinking
fund provided for the payment of said bonds
for all purposes shall not in any year exceed
ten (10) mills on the dollar Of the assessed
valuation of the property in such subdi.
visions.
No bonds shall be issued for any other
purpose than that stated in the submission
Of the proposition to the taxpayer. and pub.
ished for thirty (30) days as aforesaid: OF
for greater amount than therein mentioned
nor shall such bonds be issued for any other
purpose. than for constructing, improving
and maintaining public roads and highways
paving and improving streets. roads and al
leys. purchasing or constructing systems o!
water works sewerage, drainage. navigation
lights, public parks and buildings together
with all necessary equipments and furnish.
ing. bridges and other works of public i'm.
provement, the title to which shall rest in
the subdivision creating the debt, as. the
longer period than forty t4ol years from
their date or bear a greater rate of interest
than i've 90 per cent per annum: or b.
bonds by any subdivision for all purposes
shall never exceed ten (10) per centum Of
tho assessed valuation Of the property in
such subdivisions
Municipal ~ouncis shall have auhori.,
to create within their respective limits ons
or more sewerage districts, and nothing here
in contained shall prevent drainage districts
this State, shall, In addition to the powers
hereinabove granted, have the further power
ana authority to levy and assess annual cons
uated in such districts for the purpose Of
providing and maintaining drainage systems,
not exceeding fifty (5O) cents per acre fors
period not exceeding forty (4o) years, wheH
autnorized to do so by majority in mum:
Der and amount of the property taxpayers
Of said district. qualified to vote under tho
constitution and laws q this State, VINO
and IN the manner provided in the first p.ri
OF this Article. and said drainage dstrcts
through the Boards Of Commissioners there
may incur debt and issue negotiable bonds
therefor, payable In principal and interesl
out OF and not to exceed in principal snG
interest the aggregate amount to be rsissa
levied. No such drainage bonds shall "
issued for any other purpose than ina! -.
were voted or run for longer period tnsn
forty (Io) years from their date or bear
greater rate Of interest than five (5) PER
cent per annum, or be sold for less 'n'A
:, When the character Of any land is sues
mat 1t must be levied and pumped in oIoIs
70 be drained and reclaimed, the Board oar: =; :,
drainage Commissioners of the district n ~
which the land is situated shall, upon -.
petition OF not less than a majority in aeiSS
age OF the property taxpayers. resident I ~.
'o" SSAuCht, III tHo AREA W ~
certain the cost of drainage and reclamln5
said land and incur debt against said lsnc
lor an amount sufficient to drain and re Hcasa.
It, and issue for said debt negotiable bona.
running not longer than forty t40) ye"s
rom their date and bearing interest
ate not exceeding five ~ per centum r.
'nnum. payable annually or semi annu ,h:s
which bonds shall not be sold for less tn:aI
oar; and said Board of Drainage com liza
,ioners shall levy annually upon said ~. -
orced contributions or acreage taxes noe. ~
amount sufficient to maintain the oransS
u said land and to pay the interest. s1 snnl
'lly or semi annually, and the princlpai ~
ng due each year. or such amount as ia hd
De required for any sinking fund prov;s.,.1
or the payment of said bonds at matuI"! y,
provided, that such forced contribution .,sr
'creage taxes for all purposes. SHAH =, sT sel
.xceed Three Dollars and Fifty Cents tS''''h
ger acre per annum. .ha
The police juries of the various par'"I
throughout the State, for the puTpnmSJ
highways and public bui la;.;w
or the parish, and the governing authors
II municipal corporations, for the pulpm
Il paving or improving streets or alleSs al.
or other municipal improvements. afier I'm,
ng provision for the payments OF aI t.p
DRY and ordinary charges, may rum IN
'onds running for period not exceeons "a
10) years, and bearing interest a. ar
lot exceeding FIVE 80 per centum Per -
um which bonds shall not be sold l .n. ~
han par, the avails Of the residue OF az n"e
10) mill tax authorized by Article I'S
he Constitution Of Louisiana. ~
Section 2. Be it further resoivesS
hat this proposed amendment snsn = III