Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1916-09-15

8 terms and denominations. and pavable
at such times and places, within a ne
riod OF not exceeding forty year. from
the date thereof, as the City Council of
Shreveport shall determine. Said
bonds shall be issued in serial form
and shall be payable in annual in
staliments, commencing not more than
one year from their respective dates.
and the installment payable in each
year snail be SO fixed that when the
annual interest is added thereto, the
several annual total amounts of prin-
cipal and interest to be paid. shall be
as nearly equal as practicable.
Said bonds shall be signed by the
Mayor and the Secretary-Treasurer of
sne CITY OF Shreveport. and counter
signed by the Commissioners of Ac-
counts and Finances. and the coupons
snail have the fac-simile signatures
of the Mayor and Secretary-Treasurer.
IN case any such officer whose sigma
ture or counter-signature, who ap-
pears on such bond or coupon. shall
cease to be such officer before deliv-
cry or said bond or coupon 10 the pur-
chaser. such signature or counter-sig-
nature shall nevertheless be valid for
all purposes.
Section 4. The principal and inter-
est of all bonds authorized by this
amendment shall be payable in gold
coin OF the United States of America
or Its equivalent. OF the standa I'd
weight and fineness at the time of the
Issuance thereof, and shall be exempt
from all forms OF taxation.
Section S. The full faith and credit
or the City of Shreveport are pledged
Tor the payment OF principal and in
terest of all bonds issued under this
amendment. The principal and inter-
est of all bonds authorized and to be
issued under this amendment shall be
paid out OF tax which shall be levied
annually by the City Council of
shreveport. upon all taxable property
In said city. sufficient to provide for
the payment of the principal and in
terest of said bonds as they respective
~ become due. The tax so levied is to
be In excess of the general and special
taxes provided for elsewhere in this
constitution. and is not to be affected
py nor to affectthe limitations else
where contained in the Constitution
as 10 the Issuance of bonds, and the
levying of taxes by municipalities.
Section 6. The provisions hereof
are self-operative, and the City Coun-
Gil of Shreveport may by ordinance
carry them into effect.
Be 1t further enacted, ETC., That the
amendment proposed by this Act
shall be submitted to the electors of
the State for their approval or rejec-
tion at the Congressional election to
be held on the first Tuesday after the
nrst Monday in the month of Novem-
Der. 1916; and there shall be printed
on the official ballot to be used in said
electioh the words, For the proposed
amendment to the Constitution of the
state of Louisiana providing for the
FUNDING OF certain debts of the City of
shreveport" and the words, Against
the proposed amendment to the Con-
stitution of the State of Louisiana pro-
V.ding for the funding of certain debts
or the City of Shreveport" and each
eiector shall indicate on the ballot cast
py him whether he votes for or
against the proposed amendment,
FERNAND MOUTON,
Lieutenant Governor and President of
the Senate.
HEWITT BOUANCHAUD,
speaker of the House of Representa-
tives.
Approved: July 5, 1916.
Il. G. PLEASANT.
Governor of the State of Louisiana.
true copy:
JAMES j. BAILEY.
Secretary of State.