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

| 'V Aot eASeeNluS lIV'
per cehlum per annum payable an
nually or semi-annually, which bond
shall not be sold for less than par
and said Board of Drainage Commits
sloners Shall levy annually upon sale
| land forced contributions Or acreag &c
taxes III an amount sufficient tt
maintain the drainage Of said land
to pay the interest, annually OF
semrannualiy, and the principal fall
lIs due each year, or such amount
as may be required for any sinking
fund provided for payment of said
pcnds at maturity, provided, that such
forced contributions Or acreage taxes,
for all purposes shall never exceed
Three Dollars and Fifty Cents $3.50
per acre per annum.
Paragraph 4. The police jurjes of
the various parishes throughout the
State, for the purpose of construct.
ing highways and public buildings for
the parish, and the governing au-
thorities of municipal corporations,
for the purpose Of paving or improv-
ing streets or alleys, and for all mu.
nicipal improvements, after making
provision for the payment of all stat.
utory and ordinary charges, may fund
into bonds running for period not
exceeding ten 10) years, and bear
ing interest at a rate not exceeding
five 90 per centum per annum,
which bonds shall not be sold for less
than par, the avails of the residue
OF the ten Q0) mill tax authorized
by Article 232 of the Constitution of
Louisiana.
Paragraph 5. Should any of the
subdivisions of the State neglect or
fail for any reason to impose or cal.
lect the taxes provided for in the
sections, any person in in
terest may by summary proceedings
III the district court having jurisdic-
ton, enforce the imposition or col
lection of such taxes, or beth, and
such proceedings shall be filed and
triable free to any cost to the litigant.
Paragraph 6. Municipal corpora.
tons, parishes and school, drainage,
subdrainage, road, subroad, naviga.
ton and sewerage districts (the City
Of New Orleans excepted,) herein
after referred to as subdivisions,
when authorized to do so in the man.
ner herein provided, may, for the
purpose Of readjusting. refunding, ex-
ending or unifying their bonded in.
lebtedness. issue new bonds, cover.
ng any particular issue or issues of
'onds or the whole outstanding bond.
ng Indebtedness incurred by such
subdivision for the purposes specified
II Paragraph / of this article or any
ssue Of refund issue bonds or renew
i or refunding bonds issued by such
ubdivision in noyation or renewal
nd any bonds, heretofore or here
fter issued for the purposes speci-
led in said Paragraph / of this Ar
cle. No bonds issued under this
aragraph shall run for more than
orty (40) years from their date, nor
hall bear a greater rate of interest
ian five per centum per annum,
ayable semi-annually or annually and
1all not be sold by such subdivision
suing the same for less than par.
ny bonds issued under this Article,
ay be, either in whole or in part,
Schanged value for value for bonds
sued, under Article PSI, or to be is.
led under said Paragraph / of this
rtlcle. or sold and the proceeds
ereof used for the purpose of pur- .
asing outstanding bonds. Before
" bonds shall be issued under this :.
the issuance thereof shall :
authorized by vote of a MAORI
in number and amount of the prop :.
ty taxpayers qualified to vote I'M :.
r the Constitution and laws of this :,
ate who vote on the proposition at
election held for that purpose, af- j,
: due notice of said election has =
en- published, for thirty days in the
:icial journal of the parish or par.
les in which said subdivisions are
'ated, or where there is no Off !.
j journal, in any newspaper pub.
he'd in such parish or parishes, =
ovided. however, that the govern
body of any such subdivision may
their discretion and without
e of the property taxpayers, is
, refunding or renewal bonds I'M
this paragraph, if the bonds to
refunded or renewed thereby
re been or shall be issued for any Sc
the purposes specified in said Par
'aph / Of this Article, or in nova