§ 33:9354 — Taxation; authority; procedure

Any veterans' memorial district created hereunder is hereby declared to be a political subdivision of the state. For carrying out the purposes of the veterans' memorial district as provided in this Chapter, the district, under the provisions of the Constitution of Louisiana, shall have the power of taxation, with a majority vote of the electorate of the district, and the power to incur debt and issue general obligation and revenue bonds. The district shall also have the authority to call any necessary election for the purpose of incurring debt or issuing bonds or for the purpose of imposing ad valorem taxes for direct use by the district or for payment of bonds. One or more propositions may be submitted at the same election and no general obligation bonds may be issued or tax imposed unless approved by a majority of the electors voting on the proposition.

Legislative History

Acts 1988, No. 384, §1, eff. July 10, 1988.