The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-09-19

New Orleans excepted, hereinafter re-
ferred Il, as subdivisions of the State.
when authorized by a vote of ma
jCrity. 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
toe of said election has been pub
lished for thirty days in the official
journal Of the municipal corporation
hr parish or where there is no Off.
cial journal, in a newspaper publish
ed therein, max, through their respec-
tive governing authorities incur debt
and issue negotiable bonds therefor,
and each year while any bonds thus
issued ar outstanding. the governing
authorities Of such subdivisions snail
impose and collect annually, in ex-
cess OF all other taxes, a tax suffl-
cient to pay the interest annually CT
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 &.
maturity; provided that such special
taxes. for all purposes as above set
forth shalt not in any year exceed
| ten mills on the dollar Of assessed
valuation of the property in such
| subiivisnns.
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
(sos days as aforesaid, or Sor a great.
er amount than therein mentione ed;
ncr 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-
~ equipments and furnishing, bridges
and other works of public improve
! meHt, the title to which shall rest in
the subdivision creating the dsSt, as
the Ease may be; nor shall such
bonds run For longer period than
forty (4O) wears from their date or
bear a greater rate of interest than
five per ceMum (5) per annrm, or
be sold for less than par. The total
issue Of bonds by any subdivisien for
all purposes shall never exceed ten
per centum (lp) of the assessed val
uation of the property in such sxbdi'
visions. Municipal councils are grant
ed the 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
hereinabove granted, shall have fur
Tier power ard authority to provide
and maintain drainage systems and
The governing authorities Of such dis
tricts, when authorized by majori-
ty i'll number and amount of the prop
erty taxpayers of said district quail
fled to vote under the Constitution
and laws, who vote at an election
held for that purpose. may impose
and collect for a period not exceed
ing forty years forced contributions
or acreage taxes not exceeding fif'
ty cents per acre per year on every
acre Of land in the subdivision where
such an election is held. The gov
crning 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 incur.
red Or bonds issued, shall never ex-
ceed in principal and interest the aS'
sregate amount to be raised by sad
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 we're voted, run Tor
longer period than forty years, bear
a greater rate of interest than fiVe
per centum per annum or be sold for
less than par. All bond issues here
tofore authorized by taxpayers in any
subdivision at any election not con
tested on any ground of fraud, are
hereby recognized and validated.
Paragraph 8. When the character OF
any land is such that it must be r.
weed and pumped in order to De
drained and reclaimed, the Board OF