Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-10-25

1
OF all other taxes. q tax sufficient TO
pay the interest. annually or semi
annually. and the principal falling DUE
each year. or such amount as may oe
required for any sinking fund necessary
to retire said bonds at maturity; pro.
vided that such special taxes. for all
purposes as above set forth shall not
in any year exceed ten mills on the dol
| lar OF assessed valuation Of the prop
| erty in such subdivisions
No bonds shall be issued for any
other purpose than that stated in the
| submission OF the proposition 20 the
taxpayers, and published for thirty (3o)
days as aforesaid, or for greater
amount than therein mentioned; nor
shall such bonds be issued Tor any
other purpose than for constructing
| improving and maintaining public roads
and highways. paving and improving
| streets. roads and alleys, purchasing
and constructing systems OF water
| works, sewerage. drainage, navigation
| lights, public parks and buildings, to-
| gether with all necessary equipments
and furnishing. bridges and otner
to which shall rest in the subdivision
creating the debt. as the case may be;
| nor shall such bonds run for longer
period than forty (40) years from their
| date or bear a greater rate of interest
than five per centum 60 per annum
or be sold for less than par. The total
| issue of bonds by any subdivision Tor
| all purposes shall never exceed ten
| doCCCSC0
ton of the property in such subdivis-
| ions. Municipal councils are granted the
authority TO create within their limits
one or more sewerage districts
Paragraph 2. Police juries lin any
parish or parishes may in accordance
| with law create drainage districts
which in addition to the powers here
| inabove granted. shall have further
power and authority to provide and
maintain drainage systems and the
/ governing authorities of such districts.
when authorized by a majority in num-
Der and amount of the property tax
payers of said district qualified to vote
under the Constitution and laws. who
/ vote at an election held for that pur-
pose, may impose and collect for a pc
/ riod not exceeding forty years forced
| contributions or acreage taxes not ex-
ceeding fifty cents per acre per year
/ on every acre of land In the subdivision
where such an election is held. The
1 governing authority OF such subdivision
when authorized as set forth. may in
| cur debt and issue negotiable bonds TO
/ represent same, secured by the taxes
| above described provided that the total
| amount of debts thus incurred or bends
| issued. shall never exceed in principal
and interest the aggregate amount to
| be raised by said annual contributions
or acreage taxes during the period Tor
| which the same are imposed and that
/ no such bonds shall be issued for any
| other purpose than that for which said
/ contributions or acreage taxes were
4
| forty years. bear a greater rate of in
| terest than five per centum per an
| mum or be sold for less than par. All
/ bond issues heretofore authorized by
/ taxpayers in any subdivision at any
election not contested on any ground
of fraud are hereby recognized and
| validated.
Paragraph s. When the character of
any land is such that IL must be leveed
and pumped in order to be drained
and reclaimed. the Board of Drainage
Commissioners Of the District in which
the land is situated. shall, upon the
petition OF not less than a majority in
acreage of the property taxpayers,
! resident and nonresident, in the area
| to be affected, ascertain the cost OF
! drainage, and retaining said land and
! incur debt against said land for an
amount sufficient to drain and reclaim
! IL. and issue for such debt negotiable
bonds running not longer than forty
| (40) years from their date and bearing
per centum per annum payable annually
! or semi-annually, which bonds shall not
be sold for less than par; and said Board
| OF Drainage Commissioners shall levy
annually upon said land forced contribu-
| lions or acreage taxes In an amount
] sufficient to maintain the drainage of
said land. to pay the interest. annually
or semi-annually. and the principal fall
ing due each year. or such amount as
may be required for any sinking fund
1 provided for payment of said bonds at
1
| contributions or acreage taxes. for all
| purposes shall never exceed Three Dol
lars and Fifty Cents (ss.so) per acre
per annum.
various parishes throughout the State.
! for the purpose of constructing high
ways and public buildings for the par
| ish. and the governing authorities Of
| municipal corporations. for the purpose
of paving or improving streets or al
legs and for all municipal improve
ments, after making provision for the
payment of all statutory. and ordinary
| charges, may fund into bonds running
| for a period not exceeding ten (10)
years. and bearing interest at a rate not
| exceeding five go per centum per an
num- which ;so bonds s sh sr not be s tha
! residue of the ten (10) mill tax au-
thorized by Article 2S2 of the Constitu-
ton OF Louisiana.
Paragraph 5. Should any Of the sub
divisions of the State neglect or fail for
any reason to impose or collect the
taxes provided for in the foregoing Sec
tons. any person In interest may by
summary proceedings in the district
c-lrt having jurisdiction. enforce the
imposition or collection Of such taxes.
or both. and such proceedings shall be
filed and triable free to any cost to the
Paragraph s. Municipal corporations.
parishes and school. drainage, sub
drainage. road. subroad, navigation and
! sewerage OlelflClS tine lily Oh NEW
Orleans excepted), hereinafter referred
70 as subdivisions. when authorized to
do so in the manner herein provided,
may, for the purpose of readjusting,
refunding, extending OF unifying their
bonded indebtedness. issue new bonds.
covering any particular issue or issues
OF bonds or the whole outstanding
bonded Indebtedness incurred by such
subdivision for the purposes specified
in Paragraph / OF this article or any
issue OF refund issue bonds or renewal
or refunding bonds issued by such sub
division In novation or renewal and any
bonds. heretofore or hereafter issued
for the purposes specified in said Para
graph / of this Article. No bonds Is
sued under this paragraph shall run for
more than forty (40) years from their
date. not shall bear a. greater rate of
, interest than five per centum per an
mum, payable semi-annually or annu-
ally and shall not be sold by such sub
division issuing the same for less than
, par Any bonds issued under this Ar
ticle. may be. either in whole or IN
part, exchanged value for value for
bonds issued under Article PSI, or 70
be issued under said Paragraph of
this Article. or sold and the proceeds
chasing outstanding bonds Before any
: bonds shall be issued under this para
| graph the Issuance thereof shall be
authorized by a vote OF a majority in
number and amount OF the property
taxpayers qualified to vote under the
Constitution and laws of this State who
vote on the proposition at an election
held for that purpose. after due notice
of said election has been published. for
thirty days in the official journal %
the parish or parishes in which said
subdivisions are located. or where there
is no official journal. in any newspaper
published in such parish OF parishes
provided, however. that the governing