2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:665 — Resolution assuming debt
§665. Resolution assuming debt
If a majority in number and amount of the qualified property taxpayers voting at the election vote in favor of assuming the debt of any road district, subroad district, consolidated road district, drainage district, irrigation district, levee district, waterworks district, road lighting district, fire protection district, airport district, hospital service district, recreation district, sewerage district created by the governing authority of a parish, or school district, or that proportion of the debt of any of the above districts which bears against that territory wholly within the parish, the governing authority, after promulgation of the result of the election, shall by resolution, assume the debt, which shall be fully set forth in the resolution as to the amount, rate of interest, maturity, numbers, denominations, and places of payment.
Amended by Acts 1962, No. 111, §3.
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