The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1910-10-08

Article ISL. Municipal corporations, par |
ishes or school. drainage. subdrainage. road. |
oi N.M orean. sSespsss '
red to IS subdivisions" when authorised to |
do so. by vote of majority in number |
lied to vote under the Constitution and
laws of this State. who vote at an election
held for that purpose. after due notice. OF
(so) days in the official journal of the mu-
there is no official journal in q newspaper
spective governing authorities.' incur debt
and issue negotiable bonds therefor, and
each year. while any bonds issued to cyl
dence said indebtedness are outstanding. the
governing authorities of such subdivision
shall levy and collect annually, in excess of
interest eSs' annually or semi annusly, and the
principal falling due each year. or such
amount as may be required for any sinking
at maturity; provided, that such special taxes
for all purposes shall not in any year exceed
ten (o) mills on the dollar Of the assessed
valuation OF the property In such subdi-
No bonds shall be issued for any other
purpose than that stated in the submission
of the proposition to the taxpayer, and pub
lished Tor thirty t3o) 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
leys, purchasing or constructing systems OF
lights public parks and buildings. together
with all necessary equipments and furnish
nrovemenf. the title to which shall rest in
the subdivision creating the debt. as the
case may be; nor shall such bonds run for
their date or bear a greater rate of interest
than FIVE (5) per cent per annum. or be
sold for less than par. The total issue of
shall never exceed ten (10) per centum Of
the assessed valuation Of the property In
such subdivisions.
to create within their respective limits one
| or more sewerage districts. and nothing here
| in contained shall prevent drainage districts
| from being established under the laws OF
| this State. shall. in addition to the powers
| hereinabove granted. have the further power
| and authority to levy and assess annual con-
| tributions or acreage taxes on all lands sit
uated in such districts. for the purpose OF
providing and maintaining drainage systems,
& go per sGs
Der and amount Of the property taxpayers
Ct said district qualified to b vote ssat rSo
| 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 no: 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 (4o) years from their date or bear .
| greater rate of interest than 1--WE go 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 be drained and reclaimed, the Board Of
| which the land is situated shall, upon the
petition of not less than majority in acre.
nenreside s IN ths area 70 Be- affected, as
| certain the cost of drainage end retaining
said land and incur debt against said land
it. and issue for said debt negotiable bonds
| running not longer than forty (40) years
from their date and bearing interest ut q
annum. payable annually or semi annually,
which bonds shall not be sold for less than
par; and said Board of Drainage Commits.
forced contributions or acreage taxes in an
amount sufficient to maintain the drainage
Of said land and to pay the interest. annn.
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 ($3.5o)
per acre per annum.
The police iuries 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 or alleys, OF
for other municipal improvements. after max
ing provision for the payments of all statu
tory and ordinary charges, may fund into
bonds running for q period not exceeding ter
(10) years, and bearing interest at rate
wssh Bonds Be sod
than par, the avails of the residue Of the ter
| U0) mill tax authorized by Article 232 o.
the Constitution Of Louisiana.
That this proposed amendment shall be sub
mitted to the qualified voters of this Stat
for adoption or rejection at the Congress
sional election to be held in November. 1910
and II adopted the same shall take effec
Section 8. Be it further resolved. etc.
That the official ballots to be issued q
said election there shall be placed the words
For the Proposed Amendment to Articl
stitntion Of louisiana" and the words
Against the Proposed Amendment to Ar
ticle Two Hundred and Eighty-one Of tn
Constitution Of Louisiana and each elccto
election laws Of the State which Of tn
propositions For" or Against he votes
IL H. G. DUPRE.
Speaker of the House of Representatives
P. NJ. LAMBREMONT,
: : Lieutenant Governor and President Of III
; Approved: July 9, 1910, n,,.
Governor of the State Of Louisisns
I JOHN r. MICHEL.
Secretary of State.