St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-09-17

period no: exceeding forty t4o) years. when
authorized to do SO by majority in num-
Der and amount of the property taxpayers
Constitution and laws of this State, who
vote at an election held for that purpose
and in the manner provids.s in the first part
through the Boards o. Commissioners there
OF, when authorized hereinabove provided,
may. incur debt and issue negotiable bonds
therefor, payable in principal and interest
out of and not to exceed in principal and
interest the aggregate amount to be raised
BY said annual contributions or 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 were Te ao OF run for longer period than
greater rate of interest than five (5) per
cent per annum, or be sold for less than
par.
When the character of any land is such
that it must be levied and pumped in order
to pc drained and reclaimed. the Board of
Drainage Commissioners of the district in
which the land is situated shall, upon the
petition OF not less than a majority in acre
age OF the property taxpayers, resident and
non resident. in the area to be affected, as
certain the cost of drainage and retaining
said land and incur debt against said land
for an amount sufficient to drain and reclaim
it, and issue for said debt negotiable bonds
from their date and bearing interest at a
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 suf1clent to maintain the drainage
of said land and to pay the interest, annu-
ally or semi annually, and the principal fall
ing due each year. or 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
exceed Three Dollars and Fifty Cents ($3.5o)
per acre per annum.
-, The police iuries of the various parishes
throughout the State, for the purpose. of
OF municipal corporations. for the purpose
OF paving or 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 a period not exceeding ten
1o) years. and bearing interest at rate
mum, which bonds shall not be sold for less
than par. the avails of the residue of the ten
Go) mill tax authorized by Article 232 of
the Constitution Of Louisiana.
~, Section 2. Be it further resolved, etc,
That this proposed amendment shall be sub
mitted to the qualified voters of this State
sional election to be held in November, 1910;
and if adopted, the same shall take effect
Immediately thereafter
That ON the Official ballots to be issued at
said election there shall be placed the words,
For the Proposed Amendment to Article
Two Hundred and Eighty-one Of the Con-
stitution Of Louisiana and the words,
Against the Proposed Amendment to Ar
tice 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 'Aganst' he votes
H G. DUPRE,
Speaker Of the House of Representatives.
P NJ. LAMBREMONT,
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