Ozenne v. Board of Com'rs, Etc.

ODOM, Justice.

The present bonded indebtedness of the St. Landry and St. Martin gravity drainage district No. 1 of the parishes of St. Landry and St. Martin, consists of:(a) $171,000 of bonds secured by an ad valorem tax, dated May 1, 1926, bearing interest at 6 per cent, maturing over a period of years ending in 1958.(b) $189,000 of bonds secured by an acreage tax, dated May 21, 1926, bearing interest at 5 per cent, and maturing over a period of years ending in 1959.(c) $72,500 of bonds secured by an acreage tax, dated August 1, 1929, bearing interest at 5 per cent, and maturing over a period…