The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1912-09-06
provided, however, that the governing


body of any such subdivision may in
their discretion and without vote of
the property taxpayers, issue refundins
or renewal bonds under this paragraph.
! II the bonds to be refunded or renew ed
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 or
! 10 be issued for the said purposes spec
| l1ied in paragraph | of this article and
SHctt issue or issues so refunded or re-
neWed have been or shall be authorized
! ny vote OF a majority in number aud
amount OF the property taxpayers quail
! ltled by a vote under the Constitution
and laws Of this State who voted or
snail vote on the proposition at an
election held for that purpose When
the bonds of any outstanding issue shah
nave been obtained either by purchase
or exchange, the tax levy to pay for
su"' hondS shall at once cease and such
bonds be Cancelled. Each year while
any reminding bonds issued under this
paragraph are outstanding. the govern
ing authorities Of such subdivision shall
levy and collect annually. in excess of
al other taxes, a tax sufficient to pav
the interest annually or Semi-annualiY.
ana the principal falling due or such
amount as may be required for sink |
ing FUND for the payment of said bonds |
al maturity. provided that such special |
az Valorem tax for all purposes shall |
nor III 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
olVlslon shall have full power to adopt
and pass all ordinances and resolutions
necessary 10 carry the provisions of
th's paragraph into effect An election
may be held under the provisions Of
thlS paragraph at the same times and
places and by the same election off
GERS as an election on the question Of
incurring debt and issuing bonds I'm.
der the provisions of said Paragraph /
Of this Article
Where bonds of any subdivision have
pteh heretofore issued for any of the
purposes specified in Paragraph Of this
Aftcie and such issue has been author
,Neu pH the vote OF d majority in mum,
per and amount of the property tax
PAYERS qualified to vote under the Con-
stftuttoh and laws OF this State who .
voted upon the proposition to issue such
bonds at an election held for that our
pose and who're 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 s
'r renewal or refunding bonds issued
n novation or renewal of bonds issued O
OF sald purposes specified in Para .
'faph | or Article two hundred and
'lshty one t2SlD are hereby validated,
atified and confirmed: provided that
uch ponds did not at the time of their
ssue exceed ten per centum of the as
esSed valuation of the property in
UGH subdivision, and such bonds here
y ratified. approved and confirmed
hall be deemed to be the vslid and
1contestible obligations OF such sub
VISION and tax for the payment of
ne principal and interest thereof and Ell
create sinking fund for the redemp- al
ION snail DE levied and collected in the ell
tanner and within the limits prescribed CT
y said Paragraph ] of this Article ii
ms entire Article is to be considered r,
fun grant of power to the subdivisions da
the State as set forth therein. ar
Section ,. Be it further resolved. etc. te
hat this proposed amendment shall fl.
submitted to the qualified voters Of II,
us state for adoption or rejection at ell,
lie Congressional election to De held in
ovembeF; 1912, and. if adopted, the tic
me shall take effect Immediately tn
GREATER '' Oh
Section 3. Be it further resolved, etc to
lat on the official ballots to be issued
said election there shall be placed at,
e words For the proposed amendment at
Article Two Hundred and Eighty-one on
the Constitution of Louisiana" and
e WORDS Against the proposed amend Co
mt to Article Two Hundred and or,
ghty-one OF the Constitution Of Louis nm
rdl az eatH eiectof snail indicate pro
provided in the general election laws ia,
the State which of the propositions
or or Against he votes.
L. f. THOMAS, the
eahef OF the House of Representa- lives the
THOMAS c. BARRETT. ME
'uIenant Governor and President of me
the Senate. VI f ~
proved: July 9Th 1912 1oI
L. e. HALL A
Governor of the State Of Louisiana bal
true copy: '''' "a. "a
ALVIN r. HEBERT t ,t",
Secretary of State