Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-10-18

| impose ana coilect annually, IN excess
| OF all other taxes, tax sufficient 20
pay the interest. annually or semi
annually. and the principal falling due
each year, or such amount as may be
required for any sinking fund necessary
to retire said bonds at maturity; pro-
vided that such special taxes. for all
| purposes as above set forth shall mol
in any year exceed ten mills on the dol
Tar 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
days as aforesaid. or for a greater
| amount than therein mentioned; nor
shall such bonds be issued for any
other purpose than for constructing
and highways, paving and improving
streets, roads and alleys. purchasing
and constructing systems of water
works. sewerage. drainage, navigation,
gether with all necessary equipments
and furnishing, bridges and other
works of public Improvement. the title
to which shall rest In the subdivision
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 CD per annum.
issue OF bonds by any subdivision for
all purposes shall never exceed ten
per centum (1O) of the assessed valua-
ton OF the property in such subdivis-
ions. Municipal councils are granted the
authority 10 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 here
inabove granted, shall have further
power and authority to provide and
maintain drainage systems and the
Al
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 a 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
above described provided that the total
amount OF debts thus incurred or bonds
Issued. shall never exceed in principal
and interest the aggregate amount to !
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
OF acreage taxes were
voted. run for a longer period than
forty years. bear a greater rate of in
terest than five per centum per an
mum or be sold for 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.
any land is such that II must be leveed
and pumped In order to be drained
and reclaimed. the Board of Drainage
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 |
resident and nonresident In the area |
to be affected, ascertain the cost of |
drainage, and retaining said land and |
incur debt against said land for an |
amount sufficient to drain and reclaim |
it, and issue for such debt negotiable |
bonds running not longer than forty |
(40) years from their date and bearing |
interest at rate not exceeding five /
per centum per annum payable annually /
or semi-annually, which bonds shall not |
be sold for less than par; and said Board /
OF Drainage Commissioners shall levy |
annually upon said land forced contribu- /
lions or acreage taxes in an amount |
sufficient to maintain the drainage of /
said land, to pay the interest. annually |
or semi-annually and the principal fall
Ing due each year. OF sucn amount as
may be required for. any sinking fund /
provided for payment OF said bonds at |
maturity, provided. that such forced /
or acreage taxes. for all |
purposes shall never exceed Three Dol
lars and Fifty Cents ($3.5o) per acre
per annum.
Paragraph 9. The police juries of the
various parishes throughout the State.
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 avails OF the
by Article as2 Of the Constitu-
ton OF Louisiana
Paragraph 5. Should any of the sub.
divisions of the State neglect or fail for
taxes provided for in the foregoing sec
tons. any person In interest NAV by
summary proceedings In the district
{ art having jurisdiction. enforce the
or both. and such proceedings shall be
litigant
Paragraph s. Municipal corporations.
parishes and school, drainage. sub
drainage. 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. for the purpose of readjusting
refunding. extending or unifying Their
bonded Indebtedness. issue new bonds
covering any particular issue or issues
or bonds or the whole outstanding
bonded Indebtedness incurred by such
for the PURPOSES specffied
In Paragraph OF this article or anv
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 ! of this Article. No bonds Is
sued under this paragraph shall run for
more than forty (40l years from their
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
part, exchanged value for value for
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.
,hasing outstanding bonds. Before any
bonds shall be issued under this para
graph the Issuance thereof shall be
authorized by a vote OF a majority in
number and amount OF the property
axpayers qualified TO vote under the
and laws of this State who
'ote on the proposition at an election
leld for that purpose. after due notice
b,r sac a election nj, has been published
he parish or parishes In which said
are located. or where there
s no official journal. in any newspaper
published In such parish or parishes.