The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-09-12

g ferred to as subdivisions of the Stat
S when authorized by a vote of a N;
!, JCrlty, in number and amount of tn
. property taxpayers, qualified to vot
under the Constitution and laws {
: this State, who vote at an electio
neld for that purpose, after due nc
tlce of said election has been pul
lished for thirty days in the officia
Journal Of the municipal corporation
: or parish or where there is no Off
cal journal. in newspaper publish
ed therein, may, through their respe,
tive governing authorities incur deb
and issue negotiable bonds therefor
and each year while any bonds thu
issued are outstanding, the governin,
authorities of such subdivisions shall
impose and collect annually, in ex
cess of all other taxes, a tax suffi
Gent to pay the interest, annually g,
seml-annually, and the principal fall
ing due each year, or such amoun
as may be required for any sinking
fund necessary to retire said bonds a
maturity; provided that such specia
taxes, for all purposes as above Sc,
forth shall not in any year exceed
ten mills on the dollar of assessed
valuation of the property in such
subdivisions.
"a No bonds shall be issued for any
other purpose than that stated in the
submission of the proposition to the
taxpayer, and published for thirty
(30) days as aforesaid, or for a great
er amount than therein mentioned:
nor shall such bonds be issued for
any other purposes than the construct
ing. improving and maintaining pub.
lie roads and highways, paving and
improving streets, roads and alleys.
purchasing and constructing systems
OF waterworks. sewerage, drainage,
navigation, lights, public parks and
buildings. together with all necessa-
~ equipments and furnishing, bridges
and other works of public improve
ment, 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 {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 val
uation of the property in such subdi-
visions. Municipal councils are grant.
ed the authority to create within
their limits one or more sewerage
districts.
Paragraph 2. Police juries in any
parish or parishes may in accordance |.
with law create drainage districts, |
which. in addition to the powers |
lereinabove granted, shall have fur
her power and authority to provide /
md maintain drainage systems and
he governing authorities of such dis.
riots, when authorized by MAORI
y in number and amount of the prop
rty taxpayers of said district quail
led to vote under the Constitution
I'D laws, who vote at an election
ED for that purpose, may impose
nd collect for a period not exceed
II iof'l years forced contributions
r acreage taxes not exceeding fif-
cents per acre per year on every
ere Of land in the subdivision where
UGH an election is held. The gov {
lning authority of such subdivision
hen authorized as set forth, may IN I
lr debt and issue negotiable bonds c
} represent same, secured by the q
lxes above described provided that +
la total amount of debts thus incur +
ID Or bonds issued, shall never ex- :
led in principal and interest the ag- q
'egate amount to be raised by SAID d
lnual contributions or acreage taxes s
lring the period for which the same a
e imposed and that no such bonds +,
lall be issued for any other purpose b
an that for which said contributions O
acreage taxes we're voted, run for is
longer period than forty years, bear Il
greater rate Of interest than five q
r centum per annum or be sold for Ii
SIS than par. All bond issues here %
fore authorized by taxpayers in any il
bdivision at any election not con- in
sted on any ground of fraud, are v,
reby recognized and validated. s,
Paragraph 3. When the character OF d,
y land is such that it must be le- b.
ed and pumped in order to be h;
aimed and reclaimed. the Board Of O,
ainage Commissioners of the Dis az
~ s~ ,,,l:>A A.. lond II Sifro tod | :.