The Natchitoches enterprise., 1912-10-10

Tp0nlrpd Tor any SIHkI1g Iu1U TI5OcsSsr1J
to retire said bonds at maturity; pro,
vided that such special taxes, for an
purposes as above set forth shall not
in any year exceed ten mills on the COL
lar of assessed valuation or the prop
erty in such subdivisions.
No bonds shall be issued Tor any
other purpose than that stated in the
submission of the proposition 10 9ne
taxpayers. and published for thirty Wv
days as aforesaid, or for a greater
amount than therein mentioned nor
shall such bonds be issued for any
other purpose than for constructing,
improving and maintaining public roaas
and highways, paving and tmproving
streets, roads and alleys. purchasing
and constructing systems OF water
works, sewerage, drainage, navigation
lights, public parks and buildings TO-
gether with all ne SrSSeE and other
works of public Improvement, the tue
to which shall rest in the SUBDIVISION
creating the debt as the case may De,
nor shall such bonds run for loIseI
date or bear a greater rate or interest,"
than five per centum go per annum;
or be sold for less than par. the total
issue of bonds by any SUBDIVISION ior
all purposes shall never exceed teiA
per centum (O) of the assessed valua-
ton of the property in such subd1vls-
ions. Municipal councils are granted the
authority to create within their limits
one or more sew ulolIlCIS'
Paragraph 2. Police juries in any
parish or parishes may in accordance
with law create drainage districts
which in addition to the powers mere
inabove granted, shall have 1urtneF
power and authority to provide and
maintain drainage systems ana the
governing authorities of such districts,
when authorized by majority IN mum nun
Der and amount of the property TAX
PAYERS of said district qualified to vote
under the Constitution and laws, VINO
vote at an election held for that pur-
pose, may impose and collect Tor pc
Rod not exceeding forty years forceu
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. me
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 PONDS
issued. shall never exceed IN principal
and interest the aggregate amount 10
be raised by said annual contributions
or acreage taxes during the period for
which the same are imposed ana that
no such bonds shall be issued Tor any
other purpose than that for which said
contributions or acreage taxes were
voted, run for a longer period than
forty years. bear a greater rate OF in
tereSt than five per centum per an
Mum or be SOLO TOT less IHdl PAL 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
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
Of lass than q 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 a 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 Beard
of Drainage Commissioners shall levy
annually upon said land forced contr1bu-
tions or acEeage taxes in an amount
sufficient to maintain the drainage OF
said land, to pay the interest. annually
or semi-annually, and the principal fail
ing due each year or such amount as
may be required for any sinking fund
provided for payment of said bonds al
maturity, provided, that such forced
contributions or acreage taxes, for all
purposes shall never exceed Three Dol
lars and Fifty Cents $3.50 per acre
per annum
Paragraph I. The police juries of ths
various parishes throughout the State
fSE3FeaeHE -pUrb<5sRs4-5l -4{78h
Iiways and public buildings for the par
Ftnunicipal corporations, for the purpos
Eof paving or improving streets or al
levs and for all municipal improve
ments. after making provision for tn
! payment of all statutory and ordinar'
1 charges may fund into bonds runninl
/ for q period not exceeding ten 90
| years, and bearing interest at a rate no
| exceeding five (5) per centum per an
| mum, which bonds shall not be sol
| for less than par. the avails of tn
! residue of the ten (10) mill tax au
| thorized by Article 232 of the Const1tu
| ton of Louisiana.
Paragraph S. Should any Of the sub
| divisions of the State neglect or fail TO
any reason to impose or collect tn
| taxes provided for in the foregoing sec
| tions any person in interest may o.
4 summary proceedings in the distr1c
court having Jurisdiction, enforce tn
| imposition or collection of such taxes
| or both, and such proceedings shall b
filed and triable free to any cost to tn
/ litigant.
Paragraph s. Municipal corporations
1 parishes and school, drainage, SUB
drainage, road. subroad. navigation an
| sewerage districts (the City of Ne'
/ Orleans excepted). hereinafter referre
! to as subdivisions. when authorized
do so in the manner herein providet
/ may, for the purpose of readjustlns
| refunding, extending or unifying the'
| bonded Indebtedness, issue new bonds
/ covering any particular issue or issue
| Of bonds or the whole outstand1n
bonded Indebtedness incurred by sue
subdivision for the purposes specific
| in Paragraph / of this article or an
issue or refund issue bonds or renews
or refunding bonds issued by such sur
division in novation or renewal and an
bonds, heretofore or hereafter issue
for the purposes specified in said Para
! graph / of this Article. No bonds is
sued under this paragraph shall run II
more than forty. t4o) years from the
date, not shall bear greater rate 2
interest than five per centum per al
mum. payable semi-annually or amt
ally and shall not be sold by such SUI
division issuing the same for less tina
par Any bonds issued under this Al
ticle, may be, either in whole or
part, exchanged value for value fC
bonds issued. under Article Isl, or
be issued under said Paragraph l
thereof used for the purpose of pul
chasing outstanding bonds. Before an
bonds shall be issued under this pars
graph the issuance thereof shall !
authorized by vote of majority
number and amount of the propert
taxpayers qualified to vote under II
Constitution and laws of this State WI
vote on the proposition at an electio
held for that purpose, after due MOTIF
| of said election has been published. Il
thirty days In the official journal
the parish or parishes in which sa
subdivisions are located. or where the
is no official journal, In any newspap'
| published in such parish or parishe
| provided however, that the governlr
body of any such subdivision may
their discretion and without vote
the property taxpayers, issue refundir
or renewal bonds under this paragrap
, If the bonds to be refunded or renew'
! thereby have been or shall be Issue
for any of the purposes specified in sa
Paragraph / of this article, or in nov
ton or renewal Of any bonds issued
| to be issued for the said purposes spe
, flied in paragraph / of this article, al
= -,.al. s.e,3n az Fqg,faS So refunded or r