The Caldwell watchman. (Columbia, La.) 1885-1946, 1912-09-13
.sssioners of..the DIS - - ri

VIE iafsu Is Situated shall, ubon the
petltlon OF not less than a majority IN
acreage of the property taxpayers
RESIDENT ana nonresident, IN the area
10 pc AFFECTED, ascertain the cost of
drainage: and retaining said land and
incur debt against said land for an
amount sufficient to drain and reclaim
IT, and issue for such debt negotiable
ponds running not longer than forty
!4V) years frcm their date and bearing
interest at rate not Exceeding five
per centum per annum payable annually
or semi-annually, which bonds shall no,
oe sold Tor less than par: and said Boarl
vi wtalhage commissioners shall levy
annually upon said land forced contrib,i
tionS or acreage taxes in an amount
sutticlent to maintain the drainage Of
SAID Iand, to pay the interest. annua1lr
or seml-annllally, and the principal fall
ing due each year or sucn amount as
may be required for any sinking fund
provided for payment of said bonds at
naturity. provided, that such forced
CONTRIBUTORS or acreage taxes. for all
purposes shall never exceed Three mol.
lars and Fifty Cents (s35O) Der acre
per annum. 'o
Paragraph T. The police juries of tho
various parishes throughout the state
lor the purpose Of constructing high.
ways and public buildings for the mar
ish. ana the governing authorities OF
municipal corporations, for the purpose
OF paving or improving streets or al
leys and for all municipal improve
Ihents' after making provision for the
payment OF all statutory and ordinary.
cnafEes. may fund into bonds r,Inniny
Tor period not exceeding ten iio1
years. ana bearing interest at a rate nor
sHtee"ilS 1--WE 90 per centum per an
r winch bonds shall not be sold
nlv
residue Of the ten (1O) mill tay ON.
tnori"ed by Article o32 Of the constjt,-
ton Of Louisiana
:, Paragraph 5. Should arv IF tho eu,,
DIVISIONS of the State neglect or fail for
any reason to impose or collect M
likes .;s provided for in the foregoing sec
. .,u.s. ah! person in interest NAV nv
coz" ",',,'d,S proceedings in the district
court having jurisdiction. enforce ~
imposition or collection of such taras e
or both, and such proceedings sbaIl La
litigaEt .'s' u tae
Paragraph C. Municipal cornor,.io,s
p ''shcs and school, drainage. sub. |
uaa.nase. road subroad. navigation and
orSoas districts fthe City of New
~ va te3;cepieal, hereinafter referred
" DIS SUBDIVISIONS. when authorizeJ ~.
40 so IN the manner herein provided
may, Tor the purpose of readiyst;nu'
reminding. extending or unifvnr thn,.
pohaed indebtedness. issue new how'd.
covering any particular issue or ;ss',n,
or Donds or the whole outst,na;,.
bonded Indebtedness incurred bv s,,o;,
SUBDIVISION for the purposes snec;f;oa
IN Paragraph ! of this article nv ann
issue or refund issue bonds or renewal
~. iieIuhalng bonds issued by such sinh
aiVlsfon IN novation or renewal ,rd SUI
p"hos heretofore or hereafter ISL,
Tor the purposes specified In s,;a S ns
graph of this Article. No hnn5. ara, I'd
sued under this paragraph shall rnn fn,
more than forty (40 years from ths;r
hate. not shall bear a greater ra+e ne
'hteresl than five per centum per on
NUN nun. payable semi-annuallv or a,"m
s;ly and shall not be sold by sl,nh s,h
ulNlslon issuing the same for less t,n,
, Par. Any bonds issued under tbjs nr'
.tce' may be. either in whole or i,
ta.t; exchanged value for valus ror
bo ;.s ISSUED. under Article PSI. or IN
hi. 'Ss ,r,Io, under said Paragraph NJ
thar'e .'io.e, or sold and the proceeds
. 81, used for the purpose or nmr'
outstanding bonds Dsror, p o..
bonds shall he issued under th;s al, Any
sIaph me Issuance thereof shall ha
anlhorizea by vote OF e. maiorit,, ~
hutnoer ana amount of tie pronsrt,.
raNpayers qualified to vote midas ~
and laws of this stat, WIZ
,o,e on the proposition at an eioot;mn
isid Tor that purpose, after dua no,;n.
u said election has been publisheJ IN.
Nilr'! GAYS in the official journal os
ne pa ISL or parishes in which soid
y are located. or where thai
s,,t NO oIliciai journal In any newNara7
40 such parish or parishes