The St. Mary banner., 1912-11-02

when authorized by vote OF ma
jority, IN number and amount Of. the
property taxpayers, qualified TO vote
under the Constitution and laws OF
this State, who vote at an election
held for that purpose after due TO
tjce of said election has been pub
lished for thirty days in the Official
journal of the municipal corporation
or parish or where there is no Off
cial journal, in a newspaper publish
ed therein, may, through their respec-
tive governing authorities incur debt
and issue negotiable bonds therefor,
and each year while any bonds thus
issued are outstanding, the governing
authorities of such subdivisions shall
impose and collect annually, in eX-
cess of all other taxes, a tax su11l-
cient 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 necessary to retire said bonds
maturity; provided that such special
taxes. for all purposes as above set
forth shall not in any year exceed
ten mills on the dollar of assessed
valuation of the property III sUch
subdivisions.
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
600 days as aforesaid, or for great
er amount than therein mentioned;
nor shall such bonds be issued for
any other purposes than the construct
ing. improving and maintaining pub
IL 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-
~ euuipments and furnishing, bridges
ana 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 a longer period than
forty (4O) years from their date or
bear a 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 0O) of the assessed val
uation of the property in such subdl-
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
hereinabove granted, shall have fur
ther power and authority to provide
and maintain drainage systems and
the governing authorities of such dis,
tricts, when authorized by a MAORI
ty in number and amount of the prop
arty taxpayers of said district quail
fled to vote under the Constitution
and laws, who vote at an election
held for that purpose, may impose
and collect for period not exceed
ing forty years forced contributions
or acreage taxes not exceeding III
ty' cents per acre per year on every
acre of land in the subdivision where
such an election is held. The gov
erning 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 incur
red or bonds issued, shall never ex'
ceed in principal and interest the ag-
eregate amount to be raised by SAID
annual contributions or acreage taxes
during the period for which the same
are imposed and that 10 such bonds
shall be issued for any other purpose
than that for which said contributions
or acreage taxes were voted, run Tor
a longer period than forty years, Deai
| greater rate of interest than 1lVe
per centum per annum or be sold lor
less than par. All bond issues here
tofore authorized by taxpayers IN any
subdivision at any election not con-
tested on any ground of fraud, are
hereby recognized and validated.
Paragraph 8. When the character o.
any land is such that it must be le-
weed and pumped in order to DC
drained and reclaimed, the Board OF
Drainage Commissioners of the DIS
trict in which the land it situated
shall, upon the petition of not less
/ w., d, ,pa iorifv in acreage OF Inc