The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1910-09-10
ACT NO. 1o7.
House Bill No. 1926.

House Bill No. 1876
JOINT RESOLUTION
Proposing an amendment to Article Two
Hundred and Eighty One esd Of the
Constitution of the State of Louisiana rel
ative 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 Cen
two thirds (23) of all the members elected
to each House concurring, That Article Two
Hundsed and Eghty.one (2sD of the
amended as to read as follows:
Article 2s1.- 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
do so, by vote Of a majority in number
and amount of the property taxpayers quail.
laws of this State, who vote at an election
held for that purpose after due notice OF
800 days in the official journal of the mu-
nicipal corporation or parishes, and, where
there is no official journal. in a newspaper
published therein. may through their
and issue negotiable bonds therefor, and
each year, while any bonds issued to evil
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
at maturity; provided, that such special taxes
for all purposes shall not in any year exceed
ten G0) 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
lished for thirty 900 days as aforesaid; or
for a 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.
ieys, purchasing or constructing systems OF
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 1sa CT the debt as the
longer period than forty (4o1 years from
their date or bear greater rate of interest
than t five 90 . per cent PER PER annnm; or be
bonds by any subdivision for all purposes
shall never exceed ten Co) per centum Of
tho assessed valuation Of the property in
Municipal councils shall have authority
to create within their respective limits ono
in contained shall prevent drainage districts
from being established under the laws Of
this State. shall. in addition to the powers
hereinahove granted, have the further power
and authority to levy and assess annual con-
or acreage taxes all lands sit
uated in such districts for the purpose OF
providing and maintaining drainage systems.
not exceeding Atty 500 cents per acre for a
period not exceeding forty (4O) years. when
authorized to do so by majority in nun:
Der and amount OF the, property taxpayers
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 hereinabove provided.
may incur debt and issue negotiable bonds
out OF and not to exceed in principal and
interest the aggregate amount to be raised
by said annual contributions or acreage taxes
levied. No such drainage bonds shall be
issued for any other purpose than that for
which said contributions or acreage taxes
forty (l0) years from their date. or bear .
greater rate OF interest than Ave 80 per
cent per annum. or be sold for less than
=, When the character of any land is such
that 1t must be levied and pumped in order
to DO drained and reclaimed. the Board Of
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.
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 q
ratio not exceeding FIVE 80 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 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 NAV
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.
throughout the State. for the purpose Of
highways and public buildings
Tor the parish. and the governing authorities
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 statu1
tory and ordinary charges. may fund into
bonds running for period not exceeding ten
IO) years. and bearing interest at q rate
not exceeding Ave g! per centum per an
mum. which bonds shall not be sold for less
than par; the avails Of the residue Of the ten
I0) mill tax authorized by Article 232 Of
the Constitution Of Louisiana.
Section 2. Be IL further resolved, etc,
That this proposed amendment shall be sub