St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-10-19

l.. E. THOMAS,
Smoker Of the House Of Represent
atives.
THOMAS C. BARRETT,
Lieutenant Governor and Presl
dent of the Senate.
Approved. June 25th, 1912.
L. E. HALL,
Governor of the State of Louisiana
ALVIN E. HEBERT,
Secretary of State.
h. ACT. NO. 1872. g
Senate Bill No. 1877. BY Mr. Beale.
JOINT RESOLUTION.
Proposing an amendment to Article
(281) two eighty-one of the Con
stitution of the State of Louisiana
relative to the mourning OF debt
and issuing bonds for work of pub
lie improvement, and to the vail
dation, and refunding of bonds is
sued for such improvements, by
municipal corporations, parishes
and school, drainage, sewerage
and other districts (the city OF
New Orleans excepted), and the
assessment of special taxes and
forced contributions to pay for
same.
ARTICLE 2S1.
Section l. Be it resolved by the
General Assembly of the State OF
Louisiana, two-thirds (2-3) OF all the
members elected to each house, con,
curing, That Article (281) two hun
|dred and eighty-one of the Consti-
tuition of the State of Louisiana be
so amended as to read as follows:
Paragraph 1. Municipal corpora
lions, parishes and school, drainage,
sub-drainage, road, subroad, nav1ga-
ton, or sewerage districts, city OF
New Orleans excepted, hereinafter
referred to as subdivisions OF the
State, when authorized by vote
of the majority, in number and
amount of the property taxpayers,
qualified to vote under the Consti-
tuition and laws of this State, who
vote at an election held for that pur-
pose, after due notice Of said cleo
ton has been published for thirty
daysa in the official journal OF the
municipal corporation or parish or
where there is no official journal, in
newspaper published therein, may,
through their respective governing
authorities incur debt and issue me-
gotiable bonds therefor, and each
year while any bonds thus issued
are outstanding. the governing au-
thorities of such subdivisions shall
impose and Collect annually, in ex-
cess Of all other taxes, tax sufdci-
emit 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
und necessary to retire said bonds
lot maturity, provided that such
special taxes, for all purposes as
above set forth shall not In any year
exceed ten mills on the dollar o.
assessed valuation of the property ir
such subdivisions.
No bonds shall be issued for any
other purpose than that stated in the
submission of the proposition to the
taxpayer, and published for thirty
600 days as aforesaid, or for
greater amount than therein men
toned; nor shall such bonds be tssu-
ed for any other purposes than for
constructing, improving and main
tanning public roads and highways
paving and improving streets, roads
and alleys, purchasing and construct
ing systems of waterwOrks, sewerage.
drainage, navigation, lights, public
parks and buildings, together with
all necessary equipments and fur
nishing, 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 q
longer period than forty (4O) years
from their date or bear a greater
rate of interest than five per centum
80 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
(1O) of the assessed valuation of
the property in such subdivisions.
Municipal councils are granted the
authority to create within their linn
its 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
governing authorities of such dis
tricts, when authorized by a majority
in number and amount OF the prop
erty taxpayers of said district quail
fed to vote under the Constitution
and laws, who vote at an election
held for that purpose, may impose
and collect for . period not exceed
ing forty years forced contributions
or acreage taxes not exceeding fifty
cents per acre per year on every acre
Of land in the subdivision where
such an election is held. The gov
erning authority Of such subdivision
when authorized as set forth, may
incur debt and issue negotiable bonds
to represent same, secured by the
taxes above described provided that
the total amount of debts thus in
CURED or bonds issue6D 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 q longer period
than forty years, bear . greater rate