St. Tammany farmer., 1910-10-15

period Aot exceeding forty t4o) years. when
authorized to DO SO by maJorlty m nun.
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 hereinaboye provided
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
we~e voted or run for longer period than
forty (40) years from their date, or bear a
greater rate of interest than five (5) per
cent per annum, or os sold for less than
When the character of any land is such
that it must De levied and pumped in order
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 reclaiming
said land and incur debt against said land
for an amount sufficient to drain and reclaim
it, and issue for said debt negotiable bonds
running not longer than forty (40) years
from their date and bearing interest at 4
rate not exceeding five (5) per centum per
annum payable annually 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 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;
acreage taxes, for all PURPOSES. shall never
exceed Three Dollars and Fifty Cents ($35O)
per acre per annum.
The police juries of the various parishes
throughout the State, for the purpose of
constructing highways and public buildings
for the parish, and the governing authorities
of paving or improving streets or alleys, or
for other municipal improvements. after max
ing prov vision for the payments of all statu-
tory and ordinary charges, may fund into
bonds running for period not exceeding ten
(0) years. and bearing interest at rate
not FIVE G per f eentum tna
than par. the avais of the residue of the ten
(1O) 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
for adoption or rejection at the Congress
sional election to be held in November, 1910: !:
Section 3. Be it further resolved. etc.
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,
ticle Two Hundred and Eighty-one of the
Constitution OF louisiana and each elector
shall indicate, as provided in the general
propositions For or Against" he votes.
f. 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 coDy:
JOHN T. MICHEL,
Secretary of State.