Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-09-06

impose and collect annually, IN excess
of all other taxes. a tax sufficient to
pay the interest, annually or semi
annually. and the principal falling due
each year, OF such amount as may De
required for any sinking fund necessary
to retire said bonds at maturity; pro-
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 a 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
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 a longer
period than forty (40) years from their
than five per centum 60 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-
ton of the property in such subdivis-
ions. Municipal councils are granted the
authority, to create within their limits
one or more sewerage districts.
Paragraph 2 Police juries in any
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 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 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
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
forty years. bear greater rate of In
terest than five per centum per an
mum or be sold fer 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 II must be leveed
and pumped in order to be drained
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,
to be affected. ascertain the cost of
drainage. and reclaiming said land and
incur debt against said land fer an
amount sufficient to drain and reclaim
IL. and issue for such debt negotiable
bonds running not longer than forty
(4O) 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 net
be sold for less than par; and said Board
OF Drainage Commissioners shall levy
annually upon said land forced contribu-
tons or acreage taxes in an amount
sufficient to maintain the drainage OF
or semi-annuaiiy, 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. fer all
purposes shall never exceed Three Dol
lars and Fifty Cents $3.50 per acre
per annum.
Paragraph {. The police juries of the
for the purpose of constructing high
ways and public buildings for the par
ish, and the governing authorities Of
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 (5) per centum per an
mum, which bonds shall not be sold
for less than par, the avafls OF the
residue of the ten (10) mill tax au-
thorized by Article 2S2 Of the Constitu-
Paragraph 5. 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
lions. 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 s. Municipal corporations,
parishes and school, drainage, SUBJ
road. subroad, navigation and
sewerage districts 1.-THE City of New
Orleans excepted). hereinafter referred
to as subdivisions. when authorized to
do so in the manner herein provided.
may. Tor the purpose of readJusting,
refunding. extending or unifying their
bonded indebtedness, issue new bonds.
covering any particular issue or issues
of bonds or the whole outstanding
bonded Indebtedness incurred by such
subdivision for the purposes specified
in Paragraph l of this article or any
issue or refund issue bonds or renewal
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 l of this Article. No bonds Is
sued under this paragraph shall run for
more than forty (40) years from their
date, not shall bear 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
bonds issued. under Article PSI, or TO
be issued under said Paragraph / Of
this Article. or sold and the proceeds
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 q vote Of q 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
nd visions a al ar MI, fbar
Is no official journal. in any newspaper
published in such parish or parishes.