The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-10-26

New o.,eans excepte. onoe1Ins ~ {
->e" ie''nS o.op'" uoIsgA .
ferred to as subdivtsic JoI Hee otate,
when authorized by a vote of ma
jority, in number AID amount o tae
property taxpayepss, 3. uaIified to vote
under the C9Louisialn and laws OF
this State, ,1a,,+ed 1T an election
held for tt at tho after due no
tice of said ele, III: been pub
lished for thirty da, ne official
journal of the municipa poratlon
or parish or where tlerI. no Off
cial journal, in a newsal9'e' publish
ed therein, may, th.ougnEfh.eSrespec-
tive governing auu rities dS~ debt
and issue negotiable IDS "refor,
and each year while al. hon. thus
issued are outstanding, the ming
authorities of such subdivisiu~.. hall
impose and collect annually! =" ex-
cess of all other taxes, tax .uffi-
cient 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 necessary to retire said bonds
maturity; provided that such special
taxes. for all purposes as above set
forth shall not in any year exceed
ten mills on the dollar of assessed
valuation of the property in such
subdivisions.
No bonds shall be issued for any
other purpose than lat stated IN the
submission of II Dir ition to the
taxpayer. and publi.-1d for thirty
500 days as aforesaid, or for a great
or amount than therein mentioned;
nor shall such bonds be issued for
any other purposes than the construct
ing, improving and maintaining pub
lie roads and highways, paving and
improving streets, roads and alleys,
purchasing and constructing systems
of waterworks, sewerage, drainage
navigation, lights, public parks and
~ equipments and furnishing, bridges
and other works of public improve
ment. the title to which shall rest IN
the subdivision creating the debt, as
the case may be, nor shall such
bonds run for a longer period than
forty (4O) years from their date or
bear a greater rate of interest than
five per centum (5) per annum, or
be sold for less than par. The total
issue of bonds by any subdivision for
all purposes shall never exceed ten
per centum (10) of the assessed val
uation of the property in such suodl-
visions. Municipal councils are grant
ed the authority to 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
hereinabove granted, shall have fur
Their power and authority to provide
and maintain drainage systems and
the governing authorities of such dis
tricts, when authorized by a MAORI
ty in number and amount Of the prop
erty taxpayers of saide'5istrict quail
fled to vote under ~ Aghstltutloh
and laws, who vote ar an election
held for that purpose, may impose
and collect for a period not exceed
ing forty years forced contributions
or acreage taxes not exceeding Ill
ty cents per acre per yer on every
acre of land in the subdivision where
such an election is held. The gov
crning 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 incu
red or bonds issued, shall never
ceed in principal and interest theooe
CTG2dLo dIUOuuL W NC loioOu
annual contributions or acrea ta2
during the period for whic'P9he
are imposed and that nVosuch 5
shall be issued for any other sc
than that for which said con: LIONS
or acreage taxes were vote, r. Tor
a longer period than forty year ear
greater rate of Interest," 1--WE
per centum per annumstef I'd for
less than par. AlIsbe d IS here
tofore authorized III US in any
subdivision at any not con-
tested on any groundls6f lrard. are
hereby recognized and validated.
Paragraph 8. When the cha acter OF
any land is such that it mus =. F,,r
weed and pumped in ord shall
drained and reclaimed. the e used a.
Drainage Commissioners For
tr;ct in which the land ~ eSteS