The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-10-26

body Of any such subdivision may In
their discretion and without a vote of
the property taxpayers, issue refunding
or renewal bonds under this paragraph,
II the bonds to be refunded or renewed
thereby have been or shall be issued
Tor any of tae purposes specified in said
Paragraph of this article, or in nova
ton or renewal of any bonds issued or
to be issued for the said purposes spec
lned in paragraph l of this article, and
such issue or issues SO refunded or re-
neWed have been or shall be authorized
by vote OF majority in number and
amount OF the property taxpayers quail
1fled by vote under the Constitution
and laws of this State who voted or
shall vote on the proposition at an
election held for that purpose. When
the bonds of any outstanding issue shall
have been obtained either by purchase
or exchange. the tax levy to pay for
suc., bonds shall at once cease and such
bonds be Cancelled. Each year while
any refunding bonds issued under this
paragraph are outstanding, the govern
ing authorities Of such subdivision shall
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 or such
amount as may be required for sink
ing fund for the payment Of said bonds
at maturity, provided that such special
ad valorem tax for all purposes shall
not In any year exceed ten mills on the
dollar of the assessed valuation Of the
property in such subdivision.
The governing body of any such sub
division shall have full power to adopt
| necessary to carry the provisions Of
| this paragraph into effect. An election
| may be held under the provisions of
| this paragraph at the same times and
| GERS as an election on the question of
| mourning debt and issuing bonds I'M
der the provisions Of said Paragraph 1
| of this Article.
/ lie nF SWIM iEtn "a WI
/ been heretofore issued for any Of the
purposes specified in Paragraph Of this
! Article, and such issue has been author
lied by the vote of majority in num-
| payers qualified to vote under the Con-
stitution 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 (2s1). are hereby validated,
ratified and confirmed. provided. that
such bonds did not at the time Of their
4 issue exceed ten per centum Of the as
sessed valuation Of the property in
BS ratified, approved and confirmed
shall be deemed to be the valid and
/ incontestib1e 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-
/ ton shall be levied and collected in the
manner and within the limits prescribed
4 by said Paragraph of this Article.
This entire Article Is to be considered
a full grant of power to the subdivisions
1 OF the State as set forth therein.
/ Section 2. Be it further resolved, etc.
4 That this proposed amendment shall
~ Ak1l +f,t StIrr fJio1
| this State for adoption or rejection at
1 the Congressional election to pc held In
November, 1912, and. If adopted. the
same shall take effect Immediately
i Section 3. Be it further resolved. etc
/ That on the official ballots to be issued
at said election there shall be placed
4 the words TOR the proposed amendment
4 to Article Two Hundred and EAghty-one
of the Constitution Of louisiana, and
the words Against the proposed amend,
ment to Article Two Hundred and
Eighty-one Of the Constitution of Louis
lana and eachRelector shall indicate.
4 as provided in te general election laws
7 OF the state. wksch of the propositions,
For or "Agai IT." he votes e mzouAs
Speaker of the House Of Representative
THOMAS C. BARRETT,
4 Lieutenant Governor and President OF
the Senate s5
Approved; July on ns1s Hall s
Governor Of the state Of Louisiana
X A true copy. s3sE7s
E ALVIN e. HEBERT
Secretary Of State.
ACT no. 13s.
Senate Bill Nol1.
Byl Nj. Geo Wesley Smith
i JOINT, RESOLUTION
Il Proposing an an sndmenl to Article 22s
i of the Constitution Of the State OF
4 Louisiana
I Section /. Be 1t resolved by the Gen
eral Assembly of the State Of Louisi
4 ana, two-thirds OF all members elected
to each House eoncurring. That ar
amendment to the Constitution of the
State of Louisiana be submitted to the
qualified electors of the State for theil
approval or rejection, as required b
Article 321 of the Constitution at ths
81 Congressional election to be held OF