Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-10-25

impose 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
each year. or such amount as may be
required for any sinking fund necessary
10 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
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 90 the
taxpayers. and published for thirty C50)
days as aforesaid. or for greater
amount than therein mentioned; nor
shall such bonds be issued for any
improving and maintaining public roads
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
and furnishing. bridges and other
works of public Improvement. the 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 60 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 (l0) OF the assessed valua-
tion of the property in such subdivis-
ions. Municipal councils are granted the
authority 70 create within their limits
one or more sewerage districts.
Paragraph 2. Police iuries 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
governing authorities of such districts.
when authorized by a majority in num-
Der and amount of the property tax
payers of said district equalified 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
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
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 t.
be raised by said annual contributions
or acreage taxes during the period for
which the same are imposed and that
other purpose than that for which said
or acreage taxes were
voted. run for a 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
electioL not contested on any ground
Of fraud are hereby recognized and
Paragraph 8. When the character of
any land is such that IL must be leveed
and pumped in order to be drained
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 |
10 be affected, ascertain the cost of |
drainage ana retaining said land and |
incur debt against said land for an |
amount sufficient to drain and reclaim |
Il. and issue for such debt negotiable |
bonds running not longer than forty |
(40) years from their date and bearing |
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 Boar1 |
IF Drainage Commissioners shall levy |
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 |
ng due each year. or sucn amount as
nay be required for any sinking fund /
provided for payment of said bonds at |
provided. that such forced |
purposes shall never exceed Three Dol
airs and Fifty Cents (;3.50) per acre
Der annum.
Paragraph .. The police juries of the |
7arious parishes throughout the State |
'or the purpose of constructing high |
ways and public buildings for the par
sh, and the governing authorities of /
corporations. for the purpose .
eys and for all municipal improve
nents. after making provision for the /
payment of all statutory and ordinary /
charges. may fund into bonds running |
FOR period not exceeding ten (10) !
years. and bearing interest at a rate not 4
exceeding five 90 per centum per an
mum, which bonds shall not be sold /
Tor less than par. the avails OF the
residue Of the ten (1o) mill tax au-
.horized by Article z32 of the Constitu-
lion OF Louisiana.
Paragraph 5. Should any OF the sub
divisions of the State neglect or fail for
my reason to impose or collect the |
axes provided for in the foregoing sec
lions. any person in interest may by
proceedings in the district /
Fart having jurisdiction. enforce the
imposition or collection of such taxes
,r both. and such proceedings shall be
He'd and triable free to any cost to the
itigant
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 /
% as subdivisions. when authorized to
10 so in the manner herein provided.
nay, for the purpose of readjusting.
bonded Indebtedness. issue new bonds
covering any particular issue or issues
" bonds or the whole outstanding
'onded Indebtedness incurred by such
n Paragraph / of this article or anv
ssue or refund Issue bonds or renewal
n refunding bonds issued by such sub
livision in novation OF renewal and any /
'onds heretofore or hereafter issued
or the purposes specified In said Para
graph l of this Article No bonds Is
'ued under this paragraph shall run Tor |
more than forty f40l years from their
late. not shall bear greater rate Of
interest than five per centum per an j
lum. payable semi-annually or annu-
lily and shall not be sold by such sub
iivision Issuing the same for less than
BAR. Any bonds Issued under this Ar
icle, may be. either in whole or IN
)art, exchanged value for value for
bonds issued under Article 2S1. or 10
,e issued under said Paragraph / Of
his 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
yraph the issuance thereof shall be
by a vote of a majority in
lumber and amount of the property
aNpayers 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
II said election has been published, for
hirty DAYS I'm the official journal of
he parish or parishes In which said
are located. or where there
s no official journal. In any newspaper
In such parish or parishes