The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1916-10-28

JOINT RESOLUTION
pronosing an amendment to the Constitu-
ton of the State of Louisiana. provid
ing for the funding @asrtain debts of
the CiGIyRs9g g6Ft, and judgments
against the said city, the issuance of
serial bonds by said city, providing
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 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
d the State of Louisiana, two-thtrds OF all
the members elected to each branch
thereof concurring, that subject to the
ratification and approval of the electors
q this State, the Constitution of the State
4 be amended by Incorporating therein, the
4 following provisions. to-wit:
\ Section l. The City of Shreveport by a
Il tour-ffths vote of all the members of the
n City Council thereof, shall have power
4 and is hereby authorized to issue 100000
I Of bends, or so much thereof as may be
"A necessary, to be styled City of Shreveport
Serial Gold Bonds, and to bear such rate
y 81 interest as the City Council may fix
4 from time to time. as each installment of
N the said bonds is offered for sale, as here
"a after provided; said rate of interest at no
n time to exceed 5 per cent per annum
~ payable semi annually.
IN Section g. The proceeds of said bonds
shall be applied to the payment and retire
ment d all certificates of Indebtedness
issued by the City of Shreveport prior to
May 1916, and to the payment of all
- judgments rendered against said city prior
eAay T. 1916.
sseAen5. All bonds issued under this
n amendment shall be in such form, terms
IN and Examinations, and payable at such
times and places, within a period Of not
exceeding forty years from the date there
d as the City Council of Shreveport shall
a determine. Said bonds shall be issued in
serial form and shall be payable in annual
hstallments commencing not more than
II one year from their respective dates and
"A The iastaln1ent payable in each year shall
Y Vesofzed. that when the annual interest
added thereto, the several annual total
a amopats Of principal and interest to be
a PAID shall be as nearly equal as practi
"A cable
Sad bonds shall be signed by the Mayor
aaa The Secretary Treasurer of the City
IA Shreveport, and countersigned by the
tommssoner Of Accounts and Finances,
aha the coupons shall have the facsimile
agnatures of the Mayor and Secretary
treasurer In case any such officer whose
signature Or counter signature, who APP
pears on such bond or coupon, shall
sase TO be such officer before delivery of
VAC bond or coupon to the purchaser,
@a Signature or counter signature shall
settheess be valid for all purposes.
secton The principal and interest of
bonds authorized by this amendment
sal be payable in gold coin of the United
4Rs Of America or it's equivalent, of the
saafd weight and fineness at the time
Ae issuance thereof, and shall be ex-
H nom all forms of taxation.
euOn S. The full faith and credit of
sW of Shreveport are pledged for the
saeat Of principal and interest of all
~ issued under this amendment. The
'hsd and % Isl Bglder this
.slanent stall be paid out of tax which
oel levied annually by the City Coun-
Shreveport. upon all taxable prop
said city, sufficient to provide for
asment of the principal and interest
80 bonds as they respectively become
tax SO levied is to be in excess
General and special taxes provided
sSewhere in this constitution and is
De affected by nor to affect the
$uons elsewhere contained in the
tuition as to the issuance of bonds,
us levying of taxes by municipalities.
Oh s. The provisions hereof are
satve and the City Council of
ssay by ordinance carry them
ss further enacted, etc. That the
stnsent proposed by this act shall be
~ 20 the electors of the State for
sss S1lro oy or rejection at the Con-
sss sal election to be held on the first
y. after the first Monday In the
sst I November, 1916: and there shall
sS, saa on the official pa1lot to pc used
IN ssssetlon, the words,
We proposed amendment to the
fIss Of the State Of Louisiana
srS ..or the funding Of certain debts
IA s g q Shreveport
o ssIt the 1Aosed amendment to
sissa "a State of Louisiana
Of certain debts
NN 8nall Indicate on the
whether he votes for
posed amendment.
# NAND MOUTON,
~President of the Senate.
REWITT BOUANCHAUD,
ne House of Representatives
July 5, 1916
R G. PLEASANT,
l; s:ssSs. Of the State of Louisiana
Ssss BAILEY.
4Fy OF State.
GO
. ACT NO. HIS.
F8# ss Gill NJ