The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1910-11-03


Governor Of the State Of Louisiana.
a JOHN ny 4. MICHEL.
Secretary of State.
House Bill No 1926
JOINT RESOLUTION
Proposing an amendment to Article
Two Hundred and Eighty-one tzSll
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 /. Be it resolved by the Cen
eral Assembly of the State of Louisiana.
two-thirds (2-3) Of all the members
elected to each House coneurrins. lnae
Article Two Hundred and Eighty-one
(2S1) of the Constitution of the State
of Louisiana be SO amended as to read
as follows:
Article 2s1. Municipal Corporations.
parishes or school. drainage, subdraln-
districts. the City of New Orleans ex-
cepted. hereinafter referred to as SUP
divisions" when authorized to do SO.
by a vote of majority in number and
amount of the property taxpayers.
qualified to vote under the Constitu-
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
the official journal of the municipal
corporation or parishes, and where
there is no official journal, in a news
paper published therein, may. through
incur debt and issue negotiable bonds
therefor, and each year. while any
bonds issued to evidence said Indebted
ness are outstanding. the governing
Of CryoI Cy1h6iViSinn
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 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
assessed valuation of the property in
such subdivisions.
No bonds shall be issued for any
other purpose than that stated in the
taxpayer, and published for thirty 600
days as aforesaid. or for a greater
amount than therein mentioned; nor
shall such bonds be issued for any
improving and maintaining public
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
fngs together with all necessary equip
ments and furnishings. bridges and 9TH
err. works of public Improvement. the
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 greater rate
of interest than five per cent. (5) per
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
Municipal councils shall have author
| ity to create within their respective
| limits one or more sewerage districts
| 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
| inabove granted. have the further pow
| er 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
| tanning drainage systems, not exceed
| ing fifty (50) cents per acre for pc
| riod not exceeding forty (40) years
| In number and amount of the property
| taxpayers Of said district. qualified ts
vote under the Constitution and laws
Of this State, who vote at an election
|
| ner provided in the first part of This
| Article. and said drainage districts
through the Boards of Commissioners
thereof, when authorized as herein.
| above provided. may incur debt and
issue negotiable bonds therefor. maya.
BILE 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 con.
or run for longer period than fort,
| (4O years from their date or bear E
| greater rate of interest than five ta'
per cent per annum or be sold for les:
than par.
such that 1t must be levied and pumped
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
less than majority in acreage of the
property taxpayers. resident and non,
resident in the area to be affected as
certain the cost of drainage and re-
claiming said land and incur deb
against said land for an amount suffi
cient to drain and reclaim It, and is
sue for said debt negotiable bonds run
ming not longer than forty (40) year,
from their date and bearing interes
|
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-annualIy, 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 Of
| acreage taxes, for all purposes shall
never exceed Three Dollars and FIT.
Cents ($3.50) per acre per annum.
The police juries Of the various par
fshes throughout the State, for the pur
pose of constructing highways and pub
lie buildings for the parish, and thu
governing authorities of municipal cor
porations, for the purpose Of paving Of
improving streets or alleys, or for 9th
er municipal Improvements, after max
ing provision for the payments OF al
statutory and ordinary charges. ma,
fund into bonds running for a period
not exceeding ten (10) years. and bear
ing interest at rate not exceedinf
five f5) per centum per annum, which
bonds shall not be sold for less thar
par, the avails of the residue Of the tel
| f101 mill orfhnrizod hv Arfic1x