The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-09-26

when authorized by a vote of ma
iority, in number and amount Of the
taxpayers, qualified to vote
under the Constitution and laws OF
this State. who vote at an election
held for that purpose, after due no
tice of said election has been pub
lished for thirty days in the official
journal of the municipal corporation
or parish or where there is no Off
cial journal, in newspaper publish
ed therein, may, through their respec-
tive governing authorities incur debt
and issue negotiable bonds therefor,
and each year while any bonds thus
issued are outstanding, the governing
authorities of such subdivisions shall
impose and collect annually, in ex-
cess of all other taxes, tax sufll'
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 at
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 that stated IN the
submission of the proposition to the
taxpayer, and published for thirty
(3O) days as aforesaid, or for great
err 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
buildings, together with all necessa'
ny 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
bends run for longer period than
forty (40) years from their date OF
bear a greater rate Of interest than
five per centum 90 per annum, OF
be sold for less than par. The tota
issue of bonds by any subdivision fol
al, purposes shall never exceed ter
per centum (1O) 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 an!
parish or parishes may in accordance
with law create drainage districts
which. in addition to the power
hereinabove granted, shall have fur
ther power and authority to provide
and maintain drainage systems an
the governing authoritiesof such dis
; tricts, when authorized by a MAJOR
, ty in number and amount Of the prof.
erty taxpayers of said district quail
fled to vote under the Constitution
and laws, who vote at an election
held for that purpose, may impos
and collect for a period not exceed
ing forty years forced contribution
or acreage taxes not exceeding I'll
ty cents per acre per year on ever
acre Of land in the subdivision wher
such an election is held. The go'
crning authority of such subdivlsio
!. when authorized as set forth, may II
cur debt and issue negotiable bond
to represent same, secured by tn
taxes above described provided tia
the total amount of debts thus inc,l1
red Or bonds issued, shall never e,
coed in principal and interest the az
gregate amount to be raised by sal
: annual contributions or acreage take
during the period for which the sam
are imposed and that no such bono
shall be issued for any other purpoi
than that for which said contributor
or acreage taxes were voted. run lc
. a longer period than forty years. oes
greater rate of interest than NV
per centum per annum or be sold IL
- less than par. ALL bond issues herr
tofore authorized by taxpayers IN Al
. subdivision at any election not co'
. tested. on any ground of fraud, al
u hereby recognized and validated
= Paragraph 8. When the character
q any land is such that it must be i
y weed and pumped in order TO
drained and reclaimed. the Board !
y Drainage Commissioners OF the ID
d trict> in which the land it situate
'e shall upon the petition OF not le'