Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-10-11

annuallY. ana Ino principal 0aO
each year, or such amount as may De
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 snail n9t
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 (3O)
days as aforesaid, or for greater
amount than therein mentioned; nor
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
and constructing systems of water
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 q greater rate OF interest
than five per centum 90 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 valua-
tion of the property in such subdivis-
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 here
inabove granted, shall have further
power and authority to provide and
maintain drainage systems and the
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
riod 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
no such bonds shall be issued for any
other purpose than that for which said
contributions or acreage taxes were
voted, run for a longer period than
terest than five per centum 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 s. When the character of
any land is such that II 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
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 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
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
contributions or acreage taxes. for all
purposes shall never exceed Three Dol
lars and Fifty Cents sS.S0) per acre
per annum-
various parishes throughout the State.
for the purpose of constructing high
ways and public buildings for the par
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
for a period not exceeding ten 1O)
years, and bearing interest at a rate not
exceeding five 90 per centum per an
mum, which bonds shall not be sold
residue of the ten (1O) mill tax au-
thorized by Article 232 of the Constitu-
ton 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
cart having jurisdiction, enforce the
1 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 1.-THE City of New
! Orleans excepted). hereinafter referred
/ to as subdivisions. when authorized K
/ do so in the manner herein provided
may, for the purpose of readjusting
| refunding. extending or unifying theu
bonded Indebtedness. issue new bonds
| covering any particular issue or issues
/ of bonds or the whole outstanding
subdivision for the purposes specified
/ in Paragraph ! of this article or any
| issue or refund issue bonds or renewa
or refunding 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 tol
| more than forty (40) years from thei'
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 thar
par. Any bonds issued under this AT
ticle. may be. either in whole or II
part, exchanged value for value fol
bonds issued. under Article 2S1. or L
be issued under said Paragraph 1 u
this Article. or sold and the proceed.
thereof used for the purpose of pur
| chasing outstanding bonds. Before an,
bonds shall be issued under this para
| graph the issuance thereof shall b.
authorized by a vote of a majority II
number and amount OF the property
taxpayers qualified to vote under tn
Constitution and laws OF this State VIII,
vote on the proposition at an election
held for that purpose. after due motto,
| OF said election has been published. fol
thirty days in the official journal o.
the parish or parishes in which saii
subdivisions are located or where Their,
is no official Journal. in any newspaper
/ published in such parish or parishes
| provided. however. that the governing
body of any such subdivision may II
their discretion and without vote o.
| the property taxpayers. issue refundinl
| or renewal bonds under this paragraph