The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1916-11-04

governor OF SS7As state OF Louisiana
JAMES j. BAH
Secretary of So
Senate Bill No. 9fA BY Leon R. Smith
JOINT RESOLUTION
Proposing an amendment to the Constitu-
ton of the State of Louisiana provid-
ing for the funding of certain debts OF
the City Of Shreveport, and judgments
against the said city, the issuance OF
serial bonds by said city, providing
the purpose for and the manner in
which same hsy be issued, and the
duties of the CITY Council of the City
of Shreveport, with reference thereto;
and the levying by the City Council OF
Shreveport of certain taxes to retire
the bonds as issued herein, by said
city. And providing for the submits
sion of said amendment to the electors
of the State for their approval or
rejection.
Be it enacted by the General Assembly
of the State of Louisiana, two thirds of all
the members elected to each branch
thereof concurring, that subject to the
ratification and approval of the electors
Of this State, the Constitution of the State
he amended by Incorporating therein, the
following provisions to-wit:
Section /. The City of Shreveport by a
four fifths vote Of all the members of the
City Council thereof, shall have power
and is hereby authorized to issue $4,000
of bonds, or SO much thereof as may be
necessary, to be styled City Of Shreveport
Serial Gold Bonds, and to bear such rate
of interest as the City Council may fix
from time to time. as each insta1lment Of
the said bonds is offered for sale, as here
after provided: said rate Of interest at no
time to exceed S per cent per annum
payable semi ANNUALLY.
Section 2. The proceeds OF said bonds
shall be applied to the payment and retire
ment of all certificates of Indebtedness
issued by the City Of Shreveport prior to
judgments rendered against said city prior
to May l. 1915.
Section g. All bonds issued under this
amendment shall be in such form, terms
and denominations, and payable at such
times and places, within period of not
exceeding forty years from the date there
of, as the City Council of Shreveport shall
determine. Said bonds shall be issued In
serial form and shall be payable In annual
installments, commencing not more than
one year from their respective dates, and
the installment payable in each year shall
be SO fixed, that when the annual interest
is added thereto, the several annual total
amounts of principal and interest to be
paid shall be as nearly equal as practi-
cable
Said bonds shall be signed by the Mayor
and the SecreSRry- Treasurer of the City
of Shreveport and countersigned by the
Commissioner Of Accounts and Finances,
and the csupons shall have the facsimile
signatures of the Mayor and Secretary
Treasurer. In case any such officer whose
signature or counter-signature, who ap-
pears on such bond or coupon, shall
cease to be such officer before delivery Of
said bond az coupon to the purchaser,
such signatu& or signature shall
nevertheless Invalid for all purposes.
Section 4. pal and interest Of
all bonds by this amendnspt
shall be ri lin gold coin of the United
States of fica or its equivalent, of the
fght and fineness at the time
Of the nce thereof, and shall be ex-
empt W all forms of taxation.
ths City of Shreveport o. pledged tl 4 the
payment of principal and interest Of all
bonds issued under CHS amendment. Toe
and interest Of all bonds au-
thorized and to be issued under this
shall be paid out Of tax which
shall be levied annually by the City Coun- |
I'll Of Shreveport, upon all taxable prop
erty in said city, sufficient to provide for |
he payment of the principal and interest
If said bonds as they respectively become
iue The tax SO levied is to be in excess
If the general and special taxes provided
or elsewhere in this constitution and is
Tot to be affected by nor to affect the |
elsewhere contained in the /
as to the issuance of bonds, /
Ind the levying of taxes by municipalities. |
Section s. The provisions hereof are
and the City Council of /
may by ordinance carry them Il
nto effect.
Be 1t further enacted etc, That the |
proposed by this act shall be /
unlimited to the electors of the State for Il
.ressional election to be held on the first
tuesday after the first Monday In the 1
month Of November. 1916: and there shall |
e printed on the official ballot to De used
n said election, the words,
For the proposed amendment to the
constitution Of the State Of Louisiana
F9y ba nf for tie fding Of certas
nd the words. e
Against the proposed amendment toI
he Constitution of the State Of Louisiana
roviding for the funding Of certain debts
{ the City of Shreveport
aIIot cast by him whether he votes for
against tf FERR ESspHoSsapa s Monaoa,
lieut.. Gov. and President of the Senate.
HEWITT BOUANCHAUD,
peaker Of the House Of Representative
Approved: July 5, 1916
r. G. PLEASANT,
Governor of the State OF Louisiana.
true copy:
JAMES ]. BAILEY,
Secretary OF State.
ACT NO. lis.
Senate BIZ No. 72-By MIR Vincent. +
JoRgT RESOLUTION a.
,,,einer an arnnnflu1af1f IN Article IS of