Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-09-13

authorities of such subdivisions shall
impose and collect annually. in excess
of all other taxes. tax sufficient TO
pay the interest. annually OF semi
annually. and the principal falling Que
each year. or such amount as may be
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 TO the
taxpayers. and published for thirty (SOD
days as aforesaid, or for greater
shall such bonds be issued for any
other purpose than for constructing,
improving and maintaining public roads
and highways, paving and improving
streets. roads and alleys. purchasing
works. sewerage. drainage, navigation,
lights. public parks and buildings, to-
gether with all necessary equipments
and furnishing, bridges and other
works of public Improvement, the title
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 go per annum
or be sold for less than par. The total
issue Of bonds by any subdivision Tor
all purposes shall never exceed ten
per centum (1O) of the assessed valua-
tion of the property in such subdivis-
ions. Municipal councils are granted the
authority 10 create within their limits
one or more sewerage districts.
Paragraph 2. Police Juries In any
parish or parishes may in accordance
with law create drainage districts
which in addition to the powers here
inabove granted. shall have further
Il
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
Rod 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
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 bonds
issued. shall never exceed in principal
and interest the aggregate amount to
be raised by said annual contributions
or acreage taxes during the period for
which the same are imposed and that
noSsuch bonds shall be issued for any
other purpose than that for which said
contributions or acreage taxes were
voted. run for longer period than
forty years. bear a greater rate of in
terest than five per eentum 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 3. When the character of
any land is such that it 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
it, and issue for such debt negotiable
bonds running not longer than forty
(40) years from their date and bearing
interest at rate not exceeding five
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-
tions 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
provided for payment Of said bonds at
maturity. provided. that such forced
contributions or acreage taxes, for all
purposes shall never exceed Three Dol
lars and Fifty Cents (S3.50) per acre
per annum.
Paragraph Z. The police juries of the
various parishes throughout the State
for the purpose OF constructing high
"a httfl forr h.
ish, and the governing authorities OF
municipal corporations, for the purpose
of paving or improving streets or al
leys, 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 80 per centum per an
mum, which bonds shall not be sold
for less than par. the avails of the
residue of the ten (10) mill tax au-
thorized by Article 232 of the Constitu-
tion of Louisiana.
Paragraph S. Should any of the SUBJ
divisions Of the State neglect or fail for
any reason to impose or collect the
taxes provided for in the foregoing sec
tions. any person in interest may by
summary proceedings in the district
court 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
litigant.
Paragraph g. Municipal corporations.
parishes and school. drainage, sub
drainage, road. subroad, navigation and
sewerage districts (the City of New
Orleans excepted), hereinafter referred
to as subdivisions. when authorized to
do so in the manner herein provided,
may, for the purpose of readjusting,
refunding, extending or unifying their
bonded Indebtedness, issue new bonds.
COXarinR narffO1IlaT fQctra n fGcnaQ
of bonds or the whole outstanding
bonded Indebtedness incurred by such
subdivision for the purposes specified
in Paragraph ! Of this article or any
issue or refund issue bonds or renewal
or refundins 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 2S1, OF 70
/ be issued under said Paragraph / of
| this Article. or sold and the proceeds
i thereof used for the purpose of pur-
| chasing outstanding bonds. Before any
bonds shall be issued under this para
graph the issuance thereof shall be
authorized by 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 OF
the parish or parishes in which said
subdivisions are located. or where there
| is no official journal, In any newspaper
| published in such parish or parishes