The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1912-10-04

provided, however, that tho governing
body OF any such subdivision may In
their discretion and without vote OF
! the property taxpayers, issue refundine
| or renewal bonds under this paragraph.
! II the bonds to be refunded or renewed
| thereby have been or shall be issued
! for any OF the purposes specified in said
| Paragraph ! OF this article, or in nova
| ton or renewal Of any bonds ISSUED OF
to be issued for the said purposes spec
fled IN paragraph | OF this article, and
such issue or issues so refunded or r"-
newcd have been or shall be authorized
by vote of majority in number and
amount OF the property taxpayers quail
! flied by a vote under the Constitution
and laws Of this State who voted or
Shall vote on the proposition at an
election held for that purpose. When
the bonds Of any outstanding issue shah
have been obtained either by purchase
or exchange, the tax levy to pay for
such bonds shall at once cease ana such
bonds be cancelled. Each year while
any refunding bonds issued under this
paragraph are outstanding. the govern
Ing authorities Of such subdivision shall
levy and collect annually in excess Of
all other taxes, a tax sufficient to pay
the interest. annually or semi-annualIy.
and the principal falling due or such
amount as may be required for a sink
ing lund for the payment OF said bonds
at maturity. provided that such special
nd valorem tax for all purposes shall
not In any year exceed ten mills on the
dollar OF the assessed valuation of the
property IN such subdivision
The governing body of any such sub
division shall have full power to adopt
and pass all ordinances and resolutions
necessary to carry the provisions Of
this paragraph into effect. An election
may be held under the provisions OF
this paragraph at the same times and
places and by the same election off |
GERS as an election on the question Of
mourning debt and issuing bonds un |
der the provisions Of said Paragraph |
of this Article
Where bonds Of any subdivision have
been heretofore issued for any Of the !
purposes specified in PARAGRAPH of this |
Article. and such issue has been author
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 who
voted upon the proposition to issue such
bonds at an election held for that pur
pose and where such bonds have been
issued and sold by such subdivision for
not less than par value thereof the
said bonds or any refund ISSUE bonds
or renewal or refunding bonds issued
In novation or renewal OF bonds lssuei
for said purposes specified In Para
graph ! Of Article two hundred and
eighty one esd are hereby validated
ratified and confirmed; provided that
such bonds did not at the time of their
ssue exceed ten per centum OF the as
'essed valuation Of the property in
such subdivision, and such bonds here
~ ratified, approved and confirmed
shall be deemed to be the valid and
ncontestible obligations Of such sub
division and a tax for the payment of
he principal and interest thereof and ,
o create sinking fund for the redemp- 1
ION shall be levied and collected in the
manner and within the limits prescribed {
W said Paragraph l of this Article
his entire Article is to be considered
full grant Of power to the subdivisions {
u the state as set forth therein.
Section 2. Be Ii further resolved etc I
e snhmitted to the ouaIfen voters S''@ Of t
MS State for adoption or rejection at c
ne Congressional election to ne held in
November, 1912, and. If adopted. the I
anne shall take effect Immediately t
hereafter. S
Section 8. Be It further resolved. etc t
hat on the official ballots to be ISSUED
t said election there shall be placed e
he words For the proposed amendment q
o Article Two Hundred and Eighty one G
I the Constitution of Louisiana" and
he words AGAINST the proposed amend. {
1ent to Article Two Hundred AMI O
.ighty-one of the Constitution Of Louis u
ana" and each elector shall indicate 2
$ provided In the general election laws u
the State, which Of the propositions
For or Against" he votes.
l. f, THOMAS, t
peaker of the House Of Representatives t
THOMAS c. BARRETT. n
lieutenant Governor and President OF n
the Senate. +
pproved: July 9Th 1912 I
L. e HALL,
Governor Of the State Of Louisiana h
true copy: =
ALVIN Z. HEBERT- n
Secretary Of State.