Legal Opinion
Police Jury of the Parish of Washington v. All Taxpayers, Property Owners & Citizens of Industrial District No. 1
Supreme Court of Louisiana
Decided May 24, 1973No. 53352PublishedCited by 3 opinions
1Opinion of the Court
SUMMERS, Justice.
In order to encourage location of, and addition to, industrial enterprises in this State, the Legislature enacted Act 520 of 1964 (La.R.S. 39:991-1001). By the terms of that legislation, the governing bodies of taxing subdivisions of the State are authorized to issue bonds by resolution. These are to be “limited obligations” of these bodies, “the principal of and interest on which shall be payable solely from the income and revenue derived from the sale, lease or other disposition of the project or facility.”
*476It is further provided that the bonds issued in accordance with this…
2Cases cited11 opinions
- State ex rel. Saunders v. KohnkeSupreme Court of Louisiana · 1903
- State Ex Rel. Kemp v. City of Baton RougeSupreme Court of Louisiana · 1949
- Graham v. JonesSupreme Court of Louisiana · 1941
- Arata v. Louisiana Stadium and Exposition DistrictSupreme Court of Louisiana · 1969
- State Ex Rel. Department of Highways v. MacAlusoSupreme Court of Louisiana · 1958
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3Cited by3 opinions
- Farlouis v. LaRockLouisiana Court of Appeal · 1975
- Board of Commissioners of Louisiana Municipal Power Commission v. All Taxpayers of the StateLouisiana Court of Appeal · 1978
- Police Jury v. ALL TAXPAYERS, ETC.Supreme Court of Louisiana · 1973