The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1910-10-13

Governor Of the State Of Louisiana.
JOHN i. MICHEL.
Secretary of State.
"
ACT. No. 1877.
Jo1NT RESOLUTION
Proposing AN amendment to Artlcle
Two Hundred and Eighty-one (2SD
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
erage 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
two thirds (2-3) of all the members
elected to each House concurring, That
Article Two Hundred and Eighty-one
(2SD of the Constitution of the State
| of Louisiana be so amended as to read
| Article PSI. Municipal Corporations,
parishes or school, drainage, subdraln-
| age. road. navigation. or sewerage
districts. the City of New Orleans ex-
copied, hereinafter referred to as sub
divisions when authorized to do SO.
by vote of majority in number and
amount of the property taxpayers.
| qualified to vote under the ConStltu-
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 500 days in
corporation or parishes. and where
| there Is no official journal. in a news
paper published therein. may. through
their respective governing authorities:
therefor, and each year while. any
bonds issued to evidence said indebted
| ness are outstanding, the governing
authorities of such subdivision shall
11xr Sv1< sf
all other taxes, a 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 pay
ment of said bonds at maturity; pro-
vided, that such special taxes, for all
purposes, shall not in any year exceed
ten 1O) mills on the dollar of the
such subdivisions.
No bonds shall be issued for any
other purpose than that stated in the
submission of the proposition to the the
days as aforesaid, or for a greater
amount than therein mentioned; nor
shall such bonds be issued for any
other purpose than for eGnstru nb,is
roads and highways, paving and i'm
proving streets, roads and alleys, pur-
chasing or constructing systems of wa
ton. lights, public parks and build
ings. together with all necessary equip
ments and furnishings. bridges and 9th
er 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
a longer period than forty years (4O)
from their date or bear a greater rate
of interest than five per cent. 60 pei
annum. or be sold for less than par
The total issue of bonds by any subdi-
vision for all purposes shall never ex-
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
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
err and authority to levy and assess an
nual contributions or acreage taxes or
all lands situated in such districts
for the purpose of providing and main
ing fifty 500 cents per acre for pc
| Rod not exceeding forty (40) years
when authorized to do SO by majority
in number and amount of the property
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 thi.
|
through the Boards of Commissioners
| thereof, when authorized as herein
above provided. NAV incur debt ant
issue negotiable bonds therefor. paya,
bic in principal and interest out of ant
not to exceed in principal and interes
the aggregate amount to be raised b,
said annual contributions or acreage
taxes during tn, period for which th'
bonds shall be issued for any Other
purpose than that for which said con
tributions or acreage taxes were voted
or run for longer period than fort,
f40) years from their date or bear
greater rate Of interest than five 6
ner cent per annum or be sold for les:
than par
When the character of any land /.
in order to be drained and reclaimed
the Board Of Drainage Commissioner!
Of the district in which the land is sit
uated. SHALL upon the petition of no
property taxpayers. resident and non
resident in the area to be affected as
certain the cost of drainage and re-
against said land for an amount snffi
cient to drain and reclaim 1t. and is
sue for said debt negotiable bonds run
ming not longer than forty (40) years
from their date and bearing interes
: at rate not exceeding five (5) PEI
centum per annum, payable annual.
or semi-annually, which bonds shall
not be sold for less than par; and SALE
Board of Drainage Commissioners shall
levy annually upon said land forced
contributions or acreage taxes in al
mount sufficient to maintain tn,
rainage of said land and to pay tn,
interest, annually or semi-annually, ant
the principal falling due each year, o.
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 o.
acreage taxes. for all purposes shall
never exceed Three Dollars and FIT,
Cents ($350) per acre per annum.
The police juries of the various par.
ishes throughout the State, for the pur-
pose of constructing highways and pub
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
fund into bonds running for a period
not exceeding ten (0) years. and bear.
ing interest at rate not exceedine
five go per centum per annum, which
bonds shall not be sold for less thar
par. the avails Of the residue of the ter
(10) mill tax authorized by Article