The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1912-09-07

when authorized by a vote Of ma
iority, 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 a 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, a tax suf1l-
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 al
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
(30) days as aforesaid, or for great
or amount than therein mentioned;
nor shall such bonds be issued Tor
: any other purposes than the construct
ing. improving and maintaining pup
lie roads and highways, paving ano
= improving streets, roads and alleys
, purchasing and constructing systems
Of waterWorks, sewerage, drainage
: navigation, lights, public parks ano
buildings, together with all pecessa
D rv equipments and furnishing, bridge!
and other works of public improve
= ment, the title to which shall rest II
: the subdivision creating the debt, as
2 the case may be; nor shall sucf
! bends run for a longer period thar
forty (4O) years from their date o.
/, bear a greater rate Of interest tnal
five per centum t5) per annum, o.
he sold for less than par. The tota
t issue of bonds by any subdivision 10
4 all purposes shall never exceed TEL
r per centum Q0) Of the assessed val
: uation of the property in such suool
visions. Municipal councils are gram
|, ed the authority to create Wltnli
e their limits one or more seWerag
e districts.
) Paragraph 2. Police juries in an
e parish or parishes may in accordance
e with law create drainage districts
n which, in addition to the power
hereinabove granted, shall have tul
It Their power and authority to proVld
l. and maintain drainage systems al
/, the governing authorities of such Oh
y tricts, when authorized by MAJOR
s t. in number and amount of the pro-
s erty taxpayers of said district qual
n fled to vote under the Constitute
t. and laws, who vote at an electlo
held for that purpose, may lmpos
L and collect for a period not excee'
ing forty years forced contribution
or acreage taxes not exceeding II
1t ty cents per acre per year on ever
acre of land in the subdivision "ner
such an election is held. The gov
erning authority of such supdlVlslo
a. when authorized as set forth, may II
orr debt and issue negotiable bono
To represent same, secured by u
taxes above described provided thu
tho toTaI amount of debts thus lncu
red or bonds issued, shall never e.
ceed in principal and interest the al
eregate amount to be raised by Sal
annual contributions or acreage take
during the period for which the san
u are imposed and that no such bono
:, shall be issued for any other purpoi
- than that for which said contribute
1T or acreage taxes were voted, run Il
of longer period than forty years, be-
20 greater rate of interest than 1l'
as per centum per annum or be sold II
-, less than par. All bond issues her
-. tofore authorized by taxpayers in al
49, subdivision at any election not 90
- tested on any ground Of fraud, a
- hereby recognized and validated.
- Paragraph 3. When the character
49, any land is such that it must be
weed and pumped in order to
10 drained and reclaimed, the Board
90 Drainage Commissioners of the ID
trict in which the land it situate
~ shall upon the petition of not lie
- than a majority in acreage of Il