The Caldwell watchman. (Columbia, La.) 1885-1946, 1912-09-06

nrOyided, however, t',at ~ r,ov In
hody of any such suboiVlsio't me- to ~
~ nronerty taxpayers. issue re1unulnh
ome ranswal bonds under this paragraph,
20 20 ~ bonds TO be refunded or renewed
.torahv have been OR shall! be issued
s sr' ony of the purposes specified IN SAID
pnragraph | Of this article, or IN nova
tion or renewal of any bOilus issueu vi
~ l'i no issued for the said purposes spec,
&c ia - IN paragraph ! Of this article, anu
NY ;rsma or issues so refunded or re-
,,,ad have been or shall be autnerlzeu
ne ,,u"," vote Of a majority In number anu
Wy ,o :" of the property taxpayers qual-
WA nv vote under the, Constltution
and laws of this State VINO Voteu %,
shall vote on che proposlt.oil ey,-ham
sinntion held for that purpose. Nnen
e .L honds Of any outstanding issue snail
, LIE hean obtained either by purchase
n t,.' exchange. the tax levy 10 pay iot
ero,, bonds shall at once cease al'u SUI, ,
hnnIs he Cancelled. Each year VINE
NV, refunling bonds issued unuer tIais
va "a rraph are outstanding. tHe sost t1,
ing authorities of such SupdiEls!o,t a.'a " y
NV il,;, and collect annually. IN excess OF
lGHs t r,,r tayes, a tax sufficient to pay
az. az intarest annually or seml-anhuaiiy'
VA VA tho principal falling due or such
az nc NAV be required for SINK
;rr f,lr1 for the payment or salo oo1,uS
ntenaturity. provided that Such sPe.!a,
"a vaIorem tax for all purposes sud-
not in any year exceed ten mus o!t t the
dollar of the assessed M esI,bd;v vsio,, '''
nv, Governing body of any such SUI.
r,.ision shall have full power to aaopl
and mass all ordinances ana fesclul'ot..
,,nnassarv TO carry the provisions OF
MS nara graph into effect An elect'o!
NAV nav be held under the provisions -. %,
this raragraph at the same times ,,2f-
nlaces and by the same elee1nesticn of
GERS as an tlte md issuing bonds un.
lncurrlns wv. of said Paragraph
of this ArtjGls Of any subdivision have
Wheratofore ISSUED for any of the
beeEses specified in Paragraph OF this
article. and such issue has been author
lied by the vote of a majority in num-
Der and amount Of the property tax
payers qualified to vote under the Con-
sttuton and laws Of this State who
voted upon the proposition to issue such
bonds at an election held for that Dur-
pose and where such bonds have been
issued and sold by such subdivision for
not less than par value thereof the
said bonds or any refund issue bonds
or renewal or refunding bonds issued
in novation or renewal OF bonds issued
for said purposes specified in Para
graph l Of Article two hundred and
eighty one esd are hereby validated
ratified and confirmcd: provided that
such bonds did not at the time Of their
sessed valuation of the property in
such subdivision. and such bonds here
by ratified. approved and confirmed
shall be deemed to be the valid and
incontestible obligations Of such sub
division and a tax for the payment Of
the principal and interest thereof and
to create a sinking fund for the redemp-
tion shall be levied and collected in the
manner ard within the limits prescribed
by said Paragraph l of this Article
This entire Article is to be considered
a full grant Of power to the subdivisions
of the State as set forth therein
Section =. Be it further resolved. etc.
That this proposed amendment shall!
be submitted to the qualified voters Of
this State for adoption or rejection at
the Congressional election to ne held in
November. 1912. and. if adopted the
same shall take effect Immediately
thereafter.
Section 5. Be It further resolved. etc,
That on the official ballots to be issued
at said election theirs shall be placed
the words For the proposed amendment
to Article Two Hundred and F,ighty-one
of the Constitution Of Louisiana" and
the words Against the proposed amend
nent to Article Two Hundred and
Of the Constitution Of Louis
lana" and each eIector shall indicate.
as provided in the general election laws
Of the State. which Of the propositions,
Tor" or against" re votes.
L. T.. THOMAS,
Speaker Of the House of Representatives
THOMAS c. BARRETT.
Lieutenant Governor and President Of
the Senate.
Apnrnxed: -.,ryr-,.-- y
Governor Of the State Of Louisiana.
A true copy:
ALVIN E. HEBERT.
Secretary Of State.