The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-10-03

2 ferred to as subdivisions Of the State
) when authorized by a vote of a. ma
jority, in number and amount of the
, property 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 suffi-
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. q
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
(SOD days as aforesaid, or for great
er amount than therein mentiored:
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 tnd 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. az
the case may be; nor shall such
bonds run for a longer period than
forty (40) years from their date or
bear a greater rate Of interest than
five per centum (5) 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 val.
uation Of the property in such subdi.
visions. Municipal councils are grant.
I'd the authority to create within
heir 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
lereinabove granted, shall have fur. ,
her power and authority to provide ,
nd maintain drainage systems and 1
be governing authorities Of such dis. I
riots, when authorized by majori- ,
y III number and amount of the prop I
rty taxpayers Of said district quail. 4
led to vote under the Constitution I
nd laws, who Vote at an election =
ED for that purpose, may impose 8
nd collect for period not exceed. /
u forty years forced contributions 4
acreage taxes not exceeding fiji. y
cents per acre per year on every e
ere Of land in the subdivision where !,
UGH an election is held. The gov 8
rning authority of such subdivision 4
hen authorized as set forth, may in. Il
ur debt and issue negotiable bonds g
represent same, secured by the a
'xes above described provided that n
le total amount of debts thus incur. n
"a or bonds issued, shall never ex- :,
Led in principal and interest the az. q,
'egate amount to be raised by said d,
lmlal contributions or acreage taxes 8
lrlng the period for which the same q,
e imposed and that no such bonds to
lall be issued for any other purpose bt
an that for which said contributions Of
acreage taxes We're voted, run for is
longer period than forty years, bear 10
greater rate Of interest than five a;
r centum per annum or be sold for lis
IS than par. All bond issues here. mr.
fore authorized by taxpayers in any in
odlvlsion at any election not con. IN
sted on any ground Of fraud, are W.
reby recognized and validated. gu
Paragraph 3. When the character Of do
y land is such that it must be lie. h.
ed and pumped in order to be hs
aimed and reclaimed, the Board of ~
ainage Commissioners of the Dis 49,
ct in which the land it situated. ~