The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1912-10-31

annually, and the principal falling du
each year, or such amount as may D.
required for any sinking fund necesSar.
to retire said bonds at maturity; pro
vided that such special taxes, for al
purposes as above set forth shall no
in any year exceed ten mills on the dol
lar of assessed valuation of the prop
erty In such subdivisions.
No bonds shall be issued for am
other purpose than that stated in thu
submission of the proposition to thu
taxpayers, and published for thirty 60
days as aforesaid. or for a greater
amount than therein mentioned; MOI
shall such bonds be issued for any
other purpose than for constructing
improving and maintaining public road:
and highways, paving. and improving
streets, roads and alleys, purchasing
and constructing systems of water
works, sewerage, drainage, navigation
lights, public parks and buildings. to-
gether with all necessary equipments
works of public Improvement, t9le title
to which shall rest in the subdivision
creating the debt, as the case may be-
nor shall such bonds run for longer
period than forty (40) years from their
date or bear greater rate Of interest
than five per centum CD 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 valua-
ton of the property in such subdivis-
ions. Municipal councils are granted the
authority to create within their limits
one or more sewerage districts.
Paragraph 2; Police juries in any
with law create drainage districts.
which in addition to the powers here
inabove granted, shall have further
power and authority to provide and
governing authorities of such districts,
when authorized by 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
riod not exceeding forty years forced
or acreage taxes not ex-
ceeding fifty cents per acre per year
on every acre of land in the subdivision
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
De raised by said 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
or acreage taxes were
voted, run. for a longer period than
forty years, bear q greater rate of in
terest than five per centum per an
lum or be sold for less than par. All
pond issues heretofore authorized by
taxpayers in any subdivision at any
election not contested on any ground
Of fraud are hereby recognized and
Validated.
Paragraph 8. When the character of
my land is such that il must be leveed
Ind pumped in order to be drained
aa1A -
of the District in which
he land is situated shall, upon the
petition of not less than majority in
Lcreage of the property taxpayers,
esident and nonresident, in the area
o be affected, ascertain the cost of
and retaining said land and
neur debt against said land for an
mount sufficient to drain and reclaim
t, and issue for such debt negotiable
'onds running not longer than forty
400 years from their date and bearing
interest at rate not exceeding five
er centum per annum payable annually
r semi-annually. which bonds shall not
e sold for less than par; and said Board
f Drainage Commissioners shall levy
upon said land forced contribu-
ions or acreage taxes in an amount
efficient to maintain the drainage Of
aid land, to pay the interest, annually |
r semi-annually, and the principal fall
ng due each. year, or such amount as
rovided for payment of said bonds at |
provided, that such forced |
,or acreage taxes. for all |
imposes shall never exceed Three DOL |
hrs and Fifty Cents ($S.5o) per acre |
Paragraph q. The police juries of the
arious RI fishes throughout the State. |
De- - ssf-poss of constructing high |
sa41l public buildings for the par
or wei he governing authorities of /
e paving or improving streets or al
eys, and for all municipal improve
nents; after making provision fer the
'ayfnent of all statutory and ordinary
harges, may fund into bonds running
or a period not exceeding ten (10)
ears, and bearing interest at a rate not
exceeding five (5) per centum per an
lum, which bonds shall not be sold
or less than par, the avails of the
esidue of the ten l1o mill tax au-
ion of Louisiana.
Paragraph S. Should any of the SUBJ
visions of the State neglect or fail for
ny reason to impose or collect the
ions, any person in interest may by
proceedings in the district
curt having jurisdiction. enforce the
IMPOSITION or collection of such taxes. |
T both, and such proceedings shall be
lied and triable free to any cost to the
tigant.
Paragraph s. Municipal corporations,
arishes and school. drainage. sub |
rainage. road, subroad, navigation and |
average districts tthe City of New
'rleans excepted). hereinafter referred |
D as subdivisions, when authorized to
o so in the manner herein provided, |
ray, for the purpose of readjusting, |
efunding. extending or unifying their |
onded Indebtedness, issue new bonds. |
overing any particular issue or issues |
T bonds or the whole outstanding |
onded indebtedness incurred by such |
ubdivision for the purposes specified |
4 Paragraph l of this article or any |
ssue or refund issue bonds or renewal |
r refunding bonds issued by such sub
vision in novation or renewal and any |
onds. heretofore or hereafter issued |
Or the purposes specified in said Para
raph / of this Article. No bonds IS
lore than forty (40) years from their
ate, not shall bear q greater rate Of |
interest than five per centum per an
UNI, payable semi-annually or annu-
vision issuing the same for less than
ar. Any bonds issued under this Ar
Icle, may be, either in whole or in I
art exchanged value for value for
onds issued, under Article PSI, or to
e issued under said Paragraph 1 Of
mis- Article, or sold and the proceeds
hereof used for the purpose of pur- |
hasing outstanding bonds. Before any
ondS shall be issued under this para
raph the issuance thereof shall be |
uthorized by a vote of majority in
umber and amount of the property
axpayers qualified to vote under the
constitution and laws of this State who
ote on the proposition at an election
cid for that purpose. after due notice
said election has been published, for
lirty days in the official journal Of
ne parish or parishes in which said
are located, or where there
no official journal, in any newspaper
in such parish or parishes.
rovided, however. that the governing
ody of any such subdivision may in
leir discretion and without vote of
ae property taxpayers, issue refunding
: renewal bonds under this paragraph,
sthe bonds to be refunded or renewed
hereby have been or shall be issued
,r any of the purposes specified in said
aragraph / of this article, or in nova
on or renewal of any bonds issued or
, be issued for the said purposes spec
led in paragraph ] of this article, and
lch issue or issues SO refunded or re-
e,I.n -. 1-f1 n