The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1912-09-05

impose and collect annually. in excess
of all other taxes, tax sufficient to
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 not
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 any
other purpose than that stated in the
submission of the proposition to the
taxpayers, and published for thirty 600
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
creating the debt, the case may be;
nor shall such bonds run for longer
period than forty (40) years from their
date or bear greater rate or interest
than five per centum (5) 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
Wth law ereate dranage aistrets
which in addition to the powers here
inabove granted, shall have further
power and authority to provide and
maintain drainage systems and the
authOritjaS
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 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
be 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
contributions or acreage taxes were
voted, run for longer period than
forty years. bear 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
Paragraph 8. When the character Of
any land is such that it 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 a. 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, or such amount as
may be required for any sinking fund
| provided for payment of said bonds at
| maturity, provided, that such forced
| contributions or acreage taxes. for all
| purposes shall never exceed Three Dol
lars and Fifty Cents $3.50 per acre
per annum.
! Paragraph 4. 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
| municipal corporations for the purpose
| of paving or improving streets or al
i 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 period not exceeding ten (0
years, and bearing interest at a rate not
exceeding five 60 per centum per an
num-. which bonds shall not be sold
for less than par, the avails of the
residue of the ten 10) mill tax au-
| thoriZed by Article 232 Of the Constitu-
ton of Louisiana.
Paragraph 5: Should any of the sub.
any reason to impose or collect the
taxes provided for in the foregoing sec
| tons. any person in interest may by
summary proceedings in the distric,
| imposition or collection of such taxes
or both, and such proceedings shall be
| filed and triable free to any cost to the
! litigant
Paragraph g. Municipal corporations
parishes and school, drainage. sub
drainage, road. subroad, navigation an6
| sewerage districts (the City of New
| Orleans excepted). hereinafter referred
to as subdivisions when authorized tt
do so in the manner herein provided
may, for the purpose of readjusting
refunding. extending or unifying then
covering any particular issue or issue:
of bonds or the whole outstanding
bonded Indebtedness incurred by sucf
subdivision for the purposes specified
issue or refund issue bonds or renewa
or refunding bonds issued by such sub
division in novation or renewal and an,
bonds, heretofore or hereafter ISSUED
graph 1 Of this Article. No bonds IS
sued under this paragraph shall run fo
more than forty (40) years from thei
date, not shall bear greater rate o
mum, payable semi-annually or annu
ally and shall not be sold by such sub
division issuing the same for less tina,
par. Any bonds issued under this Ar
ticle, may be, either in whole or i,
part. exchanged value for value TO
bonds issued, under Article 281. or t
be issued under said Paragraph 1 .
this Article, or sold and the proceeds
chasing outstanding bonds. Before an,
bonds shall be issued under this para
graph the issuance thereof shall b
authorized by vote of a majority il
taxpayers qualified to vote under tn
Constitution and laws Of this State VIII
vote on the proposition at an election
held for that purpose. after due motto
of said election has been published, 70
thirty days in the official journal o
the parish or parishes in which sal
subdivisions are located, or where Their
is no official journal. in any newspape
published in such parish or parishes
provided. however. that the governing
body of any such subdivision may il
their discretion and without a vote o
the property taxpayers. issue refundin
or renewal bonds under this paragraph
, If the bonds to be refunded or renewe
thereby have been or shall be issue
for any of the purposes specified in sal
Paragraph l of this article, or in nova
ton or renewal Of any bonds issued o