Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-09-20

to retire said bonds at maturity; pro-
vided that such special taxes. for all
in any year exceed ten mills on the dol
lar of assessed valuation of the prop
erty in such subdivisions
No bonds shall be issued for any
other purpose than that stated in the
submission of the proposition to the
taxpayers, and published for thirty t3O)
days as aforesaid. OF for a greater
amount than therein mentioned; nor
other purpose than for constructing.
improving and maintaining public roads
and highways. paving and improving
streets. roads and alleys, purchasing
works. sewerage. drainage, navigation.
tights, public parks and buildings. to-
gether with all necessary equipments
and furnishing, bridges and other
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 CD 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 G0) of the assessed valua-
ton of the property in such subdivts-
ions. Municipal councils are granted the
authority 10 create within their limits
one or more sewerage districts.
Paragraph 2 Police juries in any
with law create drainage districts
which in addition to the powers here
inabove granted, shall have further
power and authority to provide and
maintain drainage systems and the
governing authorities of such districts.
when authorized by majority in num-
Der and amount OF the property tax
payers OF said district qualified to vote
under the Constitution and laws, who
xfnf a. m all hall 60 kAaR
pose, may impose and collect for a pc
riod not exceeding forty years forced
contributions or acreage taxes not ex-
ceeding fifty cents per acre per year
on every acre of land in the subdivision
where such an election is held. The
governing 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 incurred or bonds
issued, shall never exceed in principal
and interest the aggregate amount to
be raised by said annual contributions
or acreage taxes during the period for
which the same are imposed and that
no such bonds shall be issued for any
Other purpose than that for which said
contributions or acreage taxes were
voted. run for a longer period than
forty years. bear a greater rate of in
terest than five per centum per an
mum or be sold for less than par. All
bond issues heretofore authorized by
taxpayers in any subdivision at any
election not contested on any ground
of fraud are hereby recognized and
validated.
Paragraph 8. When the character of
any land is such that II must be leveed
and reclaimed. the Board of Drainage
Commissioners of the District in which
the land is situated. shall. upon the
petition of not less than a majority in
n 10 frxr
resident and nonresident in the area
TO be affected, ascertain the cost of
drainage, and retaining said land and
incur debt against said land for an
IL. and issue for such debt negotiable
bonds running not longer than forty
(40) years from their date and bearing |
interest at a rate not exceeding five |
per centum per annum payable annually |
DIT semi-annually, which bonds shall not |
be sold for less than par; and said Board |
Of Drainage Commissioners shall levy |
upon said land forced contribu- |
tons or acreage taxes in an amount
sufficient to maintain the drainage of |
said land. to pay the interest. annually |
DR. semi-annually, and the principal fall |
Ing due each year, or such amount as |
may be required for any sinking fund |
provided for payment of said bonds at |
provided. that such forced |
or acreage taxes. for all |
purposes shall never exceed Three Dol |
airs and Fifty Cents (;S.5o) per acre |
per annum.
Paragraph g. The police juries of the |
various parishes throughout the State. |
Tor the purpose of constructing high |
ways and public buildings for the par |
Ssh. and the governing authorities of
corporations, for the purpose |
Of paving or improving streets or al |
eys. and for all municipal improve
nents. after making provision for the |
payment of all statutory and ordinary |
alasar nd frnsr. d.
For a period not exceeding ten (10) |
years. and bearing interest at a rate not !
five (5) per centum per an |
mum. which bonds shall not be sold 1
residue Of the ten (IO) mill tax au-
.horized by Article 232 of the Constitu- |
lion of Louisiana.
Paragraph s. Should any of the SUBJ
divisions of the State neglect or fail for /
any reason to impose or collect the /
axes provided for in the foregoing sec
lions. any person in interest may by |
proceedings in the district I
court having Jurisdiction. enforce the
imposition or collection of such taxes.
or both, and such proceedings shall be
lied and triable free to any cost to the
itigant.
Paragraph s. Municipal corporations.
parishes and school. drainage, sub
road. subroad, navigation and
sewerage districts 1.-THE City OF New /
orleans eXcepted). hereinafter referred /
% as subdivisions. when authorized to
10 so In the manner herein provided, /
may. for the purpose Of readjusting. |
extending or unifying their
bonded Indebtedness, issue new bonds. /
covering any particular issue or issues
Of bonds or the whole outstanding /
bonded Indebtedness incurred by such /
subdivision for the purposes specified |
IN Paragraph ] of this article or any /
ISSUE or refund issue bonds or renewal /
Dr refunding bonds issued by such sub
on mr. oil md INV
bonds. heretofore or hereafter issued l
For the purposes specified in said Para
graph / of this Article. No bonds IS /
sued under this paragraph shall run for |
more than forty (40) years from their |
date. not shall bear a greater rate of /
interest than five per centum per an /
mum, payable semi-annually or annu- /
ally and shall not be sold by such sub
division issuing the same for less than |
par. Any bonds issued under this Ar
ticle, may be. either in whole or in l
part. exchanged value for value for |
bonds issued. under Article 2S1, or TO
be issued under said Paragraph Of /
this Article. or sold and the proceeds /
thereof used for the purpose of pur-
chasing outstanding bonds. Before any
bonds shall be issued under this para
graph the issuance thereof shall be
authorized by vote of a majority in
number and amount OF the property
taxpayers qualified to vote under the 1
and laws OF this State who
fote on the proposition at an election
leld for that purpose, after due notice
II said election has been published, for
thirty days in the official journal OF
he parish or parishes in which said
are located. or where there
s no official journal. in any newspaper /
published in such parish or parishes.
provided, however. that the governing
body of any such subdivision may in
heir discretion and without a vote of
he property taxpayers, issue refunding
,r renewal bonds under this paragraph,
4 the bonds to be refunded or renewed
hereby have been or shall be issued