Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-08-30

provided. however, that the governing
body of any such subdivision may IN
their discretion and without vote OF
the property taxpayers, issue refunolns
or renewal bonds under this paragraph:
N the bonds to be refunded or renewed
thereby have been or shall be issued
for any of the purposes SPECIFIED In SAID
Paragraph / Of this article, or In nova
ton or renewal of any bonds Issued OF
TO be issued for the said purposes spec
fled in paragraph l OF this article. ana
such issue or issues so refunded or re-
newed have been or shall be authorized
bv vote of a majority in number and
amount of the. property taxpayers quaA-
flied by a vote under the Constitution
and laws of this State who voted, OF
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 Tor
such bonds shall at once cease and sucn
bonds be Cancelled Each year WINE
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 70 pay
the interest. annually or semi-annualiy,
and the principal falling due or such
amount as may be required for sink
ing fund for the payment or said bonds
at maturity, provided that SUCH specla,
ad valorem tax for all purposes snail
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
and pass all ordinances and resolutions
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 ana
places and by the same election off,
| GERS as an election on the question OF
mourning debt and issuing bonds un-
der the provisions of said Paragraph
| of this Article.
Where bonds of any subdivision have
been heretofore issued for any or the
purposes specified in Paragraph OF this
Article. and such issue has been autnor-
lied by the vote of majority IN num-
| Der and amount of the property tax
payers qualified TO vote under the Con-
stitution and laws of this State VINO
voted upon the proposition TO issue sucn
bonds at an election held FOR that our
pose and where such bonds have been
Issued andc'sold by such subdivision Tor
not less than par value thereon the
said bonds any refund issue bonds
or renewal IL refunding bonds issued
| in novation or renewal OF bonds issued
| for said purposes specified In Para
graph / of Article two hundred and
| eighty one (2S1) are hereby validated,
ratified and confirmed; provided that
issue exceed ten per centum OF the as
sessed valuation of the property IN
| such subdivision. and ouch 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 q sinking fund for the redemp-
| ton shall be levied and collected in the
manner and 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 SUBDIVISION
| of the State as set forth therein
| Section 2. Be IL further resolved, etc.
That this proposed amendment shall
be submitted to the qualified voters OF
this State for adoption or rejection g.
the Congressional election to De held II
November. 1912. and. II adopted. the
same shall take effect Immediately
Section 3. Be Il further resolved. etc
That on the official ballots to be ISSUED
at said election there shall be placed
the words For the proposed amendment
| TO Article Two Hundred and Eighty-ont
of the Constitution Of Louisiana ant
the words Against the proposed amend
4 ment to Article Two Hundred anS
Eighty-one of the Constitution Of Louis
lana" and each elector shall indicate
as provided in the general election law
of the State, which of the propositions
For or Against" he votes.
L. e. THOMAS.
Speaker Of the House of Representatives
THOMAS c. BARRET,
Lieutenant Governor and President o
Approved: July eth. 1912,
Governor Of the State of Louisiana
A true copy:
ALVIN e. HEBERT.
Secretary of State.