The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1912-11-02

provided. however. that the governing
body of any such SUBDIVISION may III
their discretion and without vote OF
the property taxpayers. issue refunoine
or renewal bonds undsr This paragraph,
if the bonds to be refunded or reneweo
thereby have been or shall De lssuee
for any of the purposes specified In said
Paragraph 1 of this article, or In nova
ton or renewal of any bonds issued OF
TO be issued for the said purposes spec,
flied in paragraph l OF TINS artlsie. anu
such issue or issues so refunded or re,
newed have. been or shall be autnorizeu
by a vote of a majority In NUMBER anu
amount of the property taxpayers quai
flied by vote under the Constitution
and laws of this State who voted or
shall vote on the proposition II an
election held for that purpose. When
the bonds of any outstanding issue shsIi
have been obtained either by purchase
or exchange the tax levy to pay TOT
such bonds shall at once cease ana sucn
bonds be Cancelled Each year WINE
any refunding bonds issued unoer tnIs
nara graph are outstanding. the govern
ing authorities of such subdivision shali
levy and collect annually. in excess OF
all other taxes, a tax suf1icient 10 pay
the interest. annually or semranhuany,
amount as may be required Tor SINK
| ing fund for the payment OF SAID ponoS
| at maturity, provided that such specIa,
ad vaiorem tax Tor an ~, pur rps,Is on s the
4 -
| dollar of the assessed valuation OF the
property in such subdivision.
The governing body of any such SUP.
division shall have full power to ADOPT
and mass ali ordinances and resolutions
| necessary to carry the provisions OF
| this paragraph into effect An election
| NAV be held under the provisions o.
| this paragraph at the same times ana
| places and by the same election offi-
| GERS as an election on the question OF
mourning debt and issuing bonds un,
der the provisions of said Paragraph
where bonds of any subdivision have
been heretofore issued for any OF me
purposes specified in Paragraph OF ANS
Article, and such issue has been au.noI-
lied by the vote of a majority IN mum
Der and amount of the property tax
PAYERS qualified to vote under the Con-
stitution and laws of this state VINO
voted upon the proposition 70 issue SUI ,,r.
bonds at an election held for that our
! pose and where such bonds nave peer
issued and sold by such SUBDIVISION iol
! not less than par value thereoI tns
said bonds or any reiund Issue , oonei
} in noyation or renewal of bonds issue
} for said purposes specified in Para
graph / of Article two hundred am
: eighty one (2S1) are hereby validated
2 ratified and confirmed; provided tina
such bonds did not at the time OF thel
issue exceed ten per centum OF the az
: sessed valuation of the property y
Such SuDulVl5loil, anu sum D044Nt, - :
g nv ratified. approved and confirme'
!. shall be deemed to be the. valid an
incontestible obligations OF such SUP
division and a tax for the payment
c the principal and interest thereon an
D to create sinking fund for the redemp
: ton shall be levied and collected In tn
: manner and within the limits prescribe
by said Paragraph l OF this Ar9lci'
: This entire Article is to be consluere
r a full grant of power to the subdivision
n of the State as set forth therein.
g Section q Be it further resolved. etc
n That this proposed amendment sha
! be submitted to the qualified voters
o this State for adoption or rejection g
s the Congressional election to ne held
u November. 1919. and. If adopted: On
Is same shall take effect immediatel
Il thereafter.
% Section 8. Be il further resolved etc
IS That on the official ballots to be issue
n at said election there shall be place
1t the words For the proposed amendmei
y to Article Two Hundred and Eighty-of
ID of the Constitution of Louisiana, ar
e the words Against the proposed amen'
n ment. to Article TWO Hundrea ar
,. lana" and each elector shall indicat
II as provided in the general election iav
" of the State which of the proposition
I'd L. f. THOMAS,
Id Speaker of the House of Representative
THOMAS c. BARRET,
Of Lieutenant Governor and President
al the Senate.
III Governor of the State Of Louisiar
ne A true copy:
in ALVIN E. HEBERT.
s. Secretary of State.