New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-11-04

state OF Louisiana, for adoption or re
lection at the Congressional election +
be held on the first Tuesday next fol
lowing the first Monday in Novem be,
1916.
That the official ballots to be used a
| said election shall have printed thereof
| the words; For the proposed amend
ment to Article 1903 of the Constitutio,
of the State of Louisiana relative to til,
pensions for Confederate Veterans an.
the words Against the proposed amend
ment to Article 303 of the Constitution
OF the State of Louisiana relative to pen
slons tor Confederate Veterans" ant
each elector shall indicate, as proviaeu
In the general election laws of the
STATE, whether or not he votes for OF
against the amendment.
HEWITT BOUANCHAUD.
Speaker of the House OF Representatives
FERNAND MOUION,
Lieut. Gov. and President of the Senate.
Approved: July 5, 1916.
K. q. PLEASANT,
Governor of the State of Louisiana.
true copy:
JAMES J. BAILEY,
Secretary of State.
ACT NO. 10.
Senate Bill No 20. BY Leon r. Smith.
A JOINT RESOLUTION.
Proposing an amendment to the Consti-
tuition OF the State of LOUISIANA, pro
vlolng for the funding OF certain oeb.s
OF the City of Shreveport, and judg-
ments against the said city, the issu-
ance of serial bonds by SAID city, pro-
vldlng the purpose for and the manner
IN which same may 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 txaes
to retire the bonds as issued herein,
by said city. And providing for the
submission of said amendment to the
electors of the State for their approval
or rejection.
Be it enacted by the General Assem-
bly, 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 be amended by incorporat-
ing therein, the following provisions, to-
wit:
Section l. 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
100000 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 installment of the said bonds is
offered for sale, as hereafter provided;
said rate of interest at no time to ex-
coed 5 per cent per annum payao.e se-u.-
annually.
Section 2. The proceeds of said
bonds shall be applied to the payment
and retirement of all certificates of ia
debtedness issued by the City of Shreve-
port prior to May l, 1916, and to the
payment of all judgments rendered
against said city prior to May l, 1916. !
Section 3. All bonds issued under |
this amendment shall be in such forms,
terms and denominations, and payable |
At such times and places, within a per-
iod Of not exceeding forty years 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 installments, com
mencing not more than one year from
their respective dates, and the Install
lent payable in each year shall be sol
liked, that when the annual interest 8,
added thereto, the several annual total
amounts of principal and interest to be
paid shall be a. nearly equal as pras-I
icable.
Said bonds shall be signed by the
Mayor and the Secretary Treasurer of
he City Of Shreveport, and counter
signed by the Commissioners of Ac-
counts and Finances, and the coupons
hall have the fac simile signatures of the
Mayor and Secretary Treasurer. In
:ase any such officer whose signature or
who appears on such
] bond OF coupon, shall cease to be such
,fficer before delivery of said bond or
:oupon to the purchaser, such signature
Y counter signature shall nevertheless
- valid for all purposes.
Section 4. The principal and interest
# all bonds authorized by this amend
nent shall be payable in gold coin of
he United States of America or its
equivalent, Of the standard weight and
1t the time Of the issuance
hereof, and shall be exempt from ell
orms Of taxation.
Section s. The full faith and credit
4 the City Of Shreveport are pledged
or the payment of principal and inter
1t Of al bonds issued under this amend
nent. The principal and interest Of all
'onds authorized and to be issued under
his amendment, shall be paid out Of tax
vhich shall Be levied annually by the
:ity Council Of Shreveport, upon all
axabls property in said city, sufficient
Q provide for the payment Of the prime
pal and interest Of said bonds - they
sspsctively become due. The tax 80
svisd i to b in excess Of the general
nd special taxes provided for elsewhere
4 this constitution and i not to be af-
ectsd By nor to affect the limitations
lsswAs1s contained in the Constitution