The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1910-10-06

j. Y. SANDERS. ,.
! Governor of the State Of Louisiana
JOHN i. MICHEL.
Secretary Of State.
ACT. No. 1877.
House Bill No, 1926.
JOINT RESOLUTION
Proposing an. amendment to Article
Two Hundred and Eighty-one esd
of the Constitution OF the State OF
Louisiana, relative to the issuance OF
bonds for work of public improve
: ment by municipal corporations, par
ishes. and school. drainage and sew
eraxe districts. the City of New Or
leans excepted, and the assessment
of special taxes to pay for same.
Section l. Be it resolved by the Cen
eral Assembly of the State of Louisiana.
two thirds (2-3) of all the members
elected to each House concurrlnS. lhat
Article Two, Hundred and Eighty-one
esd of the Constitution of the State
Of Louisiana be SO amended as to read
as follows:
Article Isl. Municipal Corporations,
parishes or school, drainage, subdrain-
age, road. navigation. "or sewerage
districts the City of New Orleans ex-
cepted. hereinafter referred to as sub
divisions. when authorized TO 90 SO;
by d vote of a majority in number and
amount Of the property taxpayers.
qualified to vote under the Constitu-
ton and laws of this State, who vote
at an election held for that purpose.
after due notice of said election has
been published for thirty t3G) days in
the official journal of the municipal
corporation or parishes. and where
there is no official journal, In a news
paper published therein, may. through
their respective governing authorities.
incur debt and issue negotiable bonds
therefor, and each year while any
ness 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 TOR
any sinking fund provided for the pay
ment of said bonds at maturity; pro
| purposes. shall not in any year exceed
| ten (1O) mills on the dollar of the
| assessed valuation of the property in
| such subdivisions.
No bonds shall be issued for any
| other purpose than that stated in the
| submission of the proposition to the
| taxpayer, and published for thirty 600
| days as aforesaid. or for a greater
| shall such bonds be ISSUED for any
| other purpose than for constructing.
| improving and maintaining public
| roads and highways, paving and i'm
proving streets, roads and alleys, pur-
| chasing or constructing systems of wa
! terworks. sewerage. drainage, naviga-
| ton. lights. public parks and build
/ ings, together with all necessary equip
| err works of public Improvement. the
| title TO which shall rest in the subdi-
| vision creating the debt. as the case
| may be: nor shall such bonds run for
| longer period than forty years (40)
from their date or bear greater rate
| of interest than five per cent CD per
| annum, or be sold for less than par.
| The total issue of bonds by any subdi-
1 vss,s- Co. e.hn
| coed ten per centum ($10) of the assess
ed valuation of the property in such
| subdivisions.
Municipal councils shall have author
ity to create within their respective
| limits one or more sewerage districts;
and nothing herein contained shall pre-
| vent drainage districts from being es-
| tablished under the laws of this State
| shall, in addition to the powers here
inabove granted, have the further pow
| or and authority to levy and assess an
| mail contributions or acreage taxes on
all lands situated in such districts
tanning drainage systems, not exceed
ing fifty (50) cents per acre for n pc
| riOd not exceeding forty (40) years
when authorized to do SO by a majority
taxpayers of said district. qualified &c
vote under the Constitution and laws
Of this State, who vote at an election
held for that purpose and in the man
ner provided in the first part of this
| Article. and said drainage districts
through the Boards of Commissioners
thereof. when authorized as herein
| above provided. NAV incur debt and
issue negotiable bonds therefor paya
bic 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
nurpose than that for which said con.
trihutions or acreage taxes were voted
or run for a longer period than forty
| t40) years from their date or bear 6
greater rate of interest than five 60
ner cent per annum or be sold for less
than par.
I When the character of any land is
such that it must be levied and pumped
in order to be drained and reclaimed
the Board Of Drainage Commissioners
| IF the district in which the land is sit
uated shall. upon the petition of not
| less than a majority in acreage Of the
property taxpayers. resident and non
resident. in the area to be affected as
claiming said land and incur deh
against said land for an amount snffi
cient to drain and reclaim it. and is.
sue for said debt negotiable bonds run
ling not longer than forty (l0) year,
rom their date and bearing interes
1T rate not, exceeding five CD pei
centum per annum, payable annual!
pr semi-annually which bonds shall
not be sold for less than par; and salt
Board of Drainage Commissioners shall
evy annually upon said land forced
contributions or acreage taxes in al
mount sufficient to maintain thu
rainage Of said land and to pay tn,
interest, annually or semi-annually, anl
the principal falling due each year, OF
such amount as may be required fol
any sinking fund provided for the pay
ment of said bonds at maturity: pro
vided. that such forced contribution OF
acreage taxes, for all purposes shall
never exceed Three Dollars and FIT,
Cents ($3.50) per acre per annum.
The police juries of the various par.
ishes throughout the State, for the pur.
lie buildings for the parish, and the
governing authorities of municipal cor
porations. for the purpose of paving OIL
improving streets or alleys. or for 9th.
er municipal improvements. after max.
ing provision for the payments of al
statutory and ordinary charges. may
tuna INTO bonds running for period
1ot exceeding ten I0) years. and bear.
.ng interest at rate not exceeding
rive CD per centum per annum, which
bonds shall not be sold for less thar
oar. the avails of the residue Of the ter
10) mill tax authorized by Article
s32 of the Constitution of Louisiana,
Section ,. Be 1t further resolved, etc.
That this proposed amendment shall
pc submitted to the qualified voters OF
mis- state for adoption or rejection al
me congressional election to be held
n November. 1910; and II adopted, the
same shall take effect Immediately
hereafter
Section 3. Be It further resolved
etc. That on the official ballots to be
issued ct said election there shall b