The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1912-10-11

/ provided, however that tho governing
body of any such subdivision may IT
| their discretion and without vote OF
the property taxpayers, issue refundinE
or renewal bonds under this paragraph
| If the bonds to be refunded or renewed
! thereby have been or shall be issued
| for any of the purposes specified In said
! Paragraph I Of this article, or in nova
| ton or renewal Of any bonds issued or
TO be issued for the said purposes spec
ihed in paragraph ! of this article. and
| such issue or issues so refunded or re-
newed have been or shall be authorized
by vote Of majority in number and
amount OF the property taxpayers quail
! flied by a vote under the Constitution
and laws OF this State who voted or
shall vote on the proposition ut an
| election held for that purpose. When
the bonds of any outstanding issue shall
have been obtained either by purchase
or exchange. the tax levy to pay for
such bonds shall at once cease and such
bonds be cancelled. Each year while
! any refunding bonds issued under this
paragraph are outstanding, the govern
ing authorities of such subdivision shall
levy and collect annually, In excess of
all other taxes, a tax sufficient to pay
the interest annually or semi-annually.
and the principal falling due or such
amount as may be required for sink
ing fund for the payment of said bonds
at maturity provided that such special
al ValoTem tax for all purposes shall
not IN any year exceed ten mills on the
dollar Of the assessed valuation of the
property In such subdivision.
The governing body Of any such sub
division shall have full power to adopt
and pass all ordinances and resolutions
necessary to carry the provisions Of
@ no y g.at,
may be held under the provisions Of
this paragraph at the same times and
places and by the same election Off
GERS as an election on the question of
mourning debt and issuing bonds I'M
der the provisions Of said Paragraph !
Of this Article.
Where bonds Of any subdivision have
been heretofore issued for any of the
purposes specified in Paragraph I Of this
Article, and such issue has been author
lied by the vote OF majority in num-
Der and amount Of the property tax
payers qualified TO vote under the Con-
stitution and laws Of this State who
voted upon the proposition to issue such
bonds at an election held for that nur-
pose and where such bonds have been
issued and sold by such subdivision for
not less than par value thereof the
said bonds or any refund issue bonds
or renewal or refunding bonds issued
In novatton or renewal Of bonds issued
for said purposes specified in Para
graph ! Of Article two hundred and
eighty one (2SD are hereby validated
ratified and confirmed; provided that
such bonds did not at the time OF their |
issue exceed ten per centum Of the as |
sessed valuation Of the property in |
such subdivision, and such bonds here |
by ratified, approved and confirmed |
shall be deemed to be the valid and |
Snrr ,ylt h1n ALL
division and tax for the payment Of
the principal and interest thereof and |
to create sinking fund for the redemp-
ton shall be levied and collected in the
manner and within the limits prescribed
by said Paragraph l Of this Article
This entire Article Is to be considered
q full grant Of power to the subdivisions
or the State as set forth therein
Section 2. Be it further resolved, etc.
That this proposed amendment shall
De submitted to the qualified voters of
this State for adoption or rejection at
me Congressional election to ne held In
November. 1912, and. II adopted, the
same shall take effect Immediately
thereafter.
Section 8. Be II further resolved etc
That on the official ballots to be issued
Il said election there shall be placed
he words For the proposed amendment
o Article Two Hundred and Eighty-One
y the Constitution Of Louisiana" and
he words Against the proposed amend. ,
nent to Article Two Hundred and
eighty one Of the Constitution Of Louis
ana" and each elector shall indicate
s provided in the general election laws
I the State, which Of the propositions,
L. E. THOMAS, ,
peaker of the House Of Representatives.
THOMAS c. BARRETT,
Lieutenant Governor and President Of !
the Senate.
.pproved: July eth. 1919.
L. E. HALL
Governor Of the State Of Louisiana. /
true copy: I
ALVIN F. HEBERT, I
Secretary Of State