New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-10-01

period not exceeding forty (4o) years. when
authorized to do s. by majority IN 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 hrst part
| OF this Article, aud said drsinage districts,
through the Boards of Commits toner's there
OF when authorized as hereinahuve provided.
may incur debt and issus 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 contri buttons acreage taxes
during the period for which the same are
levied No such drainage bonds shall be
issued for any other purpose than that tor
which said contributions acreage taxes
we're voted or run for q longer period than
forty (4O) years from their date, bear d
greater rate Of interest than five (5) per
| cent per hnnum. or be sold for less than
When the character of any land is such
thar 1t must be levied and pumped in order
70 be 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 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 reclamng g
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 (4o) years
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 Commis
forced contributions or acreage taxes in an
amount sufficient to maintain ths drainage
OF said land and TO pay the interest. Rnnu-
ally or semi annually, and the principal fail
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 Cent? $3.50
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 municipal corporations, for the purpose
OF paving or improving streets alleys
for other municipal Improvements, after max
ing prov sion for the payments of all statu-
tory and ordinary charges, may fund into
bonds running for a period not exceeding ten
t1O) years and bearing interest at rate
not exceeding five (5l per centum per an.
mum, which bonds shall not be sold for less
than par, the avails 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 Congres-
and if adopted. the same shall take effect
Immediately thereafter.
~, Section 3. BE it further resolved, etc.
That on the official ballots to be issued st
said election thsrs 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 tho Proposed Amendment to Ar
ticle Two Hundred and Eighty-one Of th.
Constitution of Louisiana and each electo,
shall indicate, as provided in the general
election laws Of the State, which of the
propositions, For or Against" he votes
r. G. DUPRE,
Speaker Of the House of Representatives
P. NJ LAMBREMONT
Lieutenant Governor and President Of the
Senate.
Approved: July s. 1910.
J. Y. SANDERS.
Governor of the State Of Louisiana.
A true copy:
JOHN T. MICHEL
Secretary Of State.