§1862. Authority for issuance of bonds; levy of taxes; election
A.The commission shall have authority, when authorized to do so by a vote of a
majority, in number and amount, of the property taxpayers of the port area qualified to vote
at an election for the purpose in accordance with law, to levy annually on all property
situated within the port area, subject to taxation, an ad valorem tax not to exceed two and
one-half mills on the dollar. The commission may, upon its own initiative, call a special
election and submit to the qualified taxpaying voters of the port area the question of
authorizing the levy of such a tax. The commission shall call such a special election when
requested to do so by petition in writing signed by one-fourth of the property taxpayers in
number eligible to vote
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§1862. Authority for issuance of bonds; levy of taxes; election
A. The commission shall have authority, when authorized to do so by a vote of a
majority, in number and amount, of the property taxpayers of the port area qualified to vote
at an election for the purpose in accordance with law, to levy annually on all property
situated within the port area, subject to taxation, an ad valorem tax not to exceed two and
one-half mills on the dollar. The commission may, upon its own initiative, call a special
election and submit to the qualified taxpaying voters of the port area the question of
authorizing the levy of such a tax. The commission shall call such a special election when
requested to do so by petition in writing signed by one-fourth of the property taxpayers in
number eligible to vote at such election. These special taxes shall be levied, assessed and
collected on the property within the port area under the same methods, terms, and conditions
and at the same time as state and parish taxes are levied, assessed, and collected; these taxes
shall be secured by the same liens upon the property subject to taxation within the port area
as taxes for state and parish purposes; and the property subject to any taxes within said port
area shall be sold for failure to pay the said taxes in the same manner as property is sold for
delinquent state, parish, and other taxes under the laws of the state.
B. The provisions of the constitution and all laws regulating the collection of taxes,
the creating of tax liens and mortgages, tax penalties, and tax sales also shall apply to the
collection of all taxes authorized by this Section. The sheriff and ex officio tax collector for
the parish of Concordia shall make a monthly settlement with the treasurer of the
commission and receive from him a receipt for the amount of the taxes paid over in the same
manner as tax collectors are required to settle with the auditor of the state. The tax collector
shall receive from the treasurer the same quietus for a full settlement of taxes due and
exigible in any given year and account for the delinquents or deductions in the same manner
as though accounting to the auditor of the state for state taxes. The sheriff and ex officio tax
collector shall retain from all taxes collected by him for the port area the same commission
allowed thereon to him by law on special taxes and shall deposit the amount thereof with the
parish treasurer to the credit of the sheriff's salary fund. Upon the failure of the tax collector
to comply with the provisions of this Section, the commission shall proceed against him and
the sureties on his official bond for the collection of whatever money may be owing to the
commission for such special taxes.
C. The commission, with the approval of the State Bond Commission, is authorized
to incur debts for its lawful purposes, and to issue in its name, negotiable bonds or notes
therefor, and to pledge for the payment of the principal and interest of such negotiable bonds
or notes the revenues derived from the operation of properties and facilities maintained and
operated by it, or received by the commission from any taxes authorized under this Section
or from other sources. In addition to the pledge of revenues to secure said bonds and notes,
the commission may further secure their payment by conventional mortgage upon any or all
of the properties constructed or acquired, or to be constructed and acquired by it. The
commission is further authorized to receive, by gift, grant, donation, or otherwise, any sum
of money, aid or assistance from the United States, the state of Louisiana, or any political
subdivision thereof, and unless otherwise provided by the terms of such gift, grant or
donation, in its discretion, to pledge all or any part of such monies for the further securing
of the payment of the principal and interest of its bonds or notes.