The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-09-16
ACT 40, ~

AaefesAfS Gt NSolN.
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ACT 40. ~
l..ns,e Tin No ss - W lsoa H. smith
JOINT REGULATION
,,u,.,.,ns All amendment to the Co0stt,a-
,toa II the state u Louisiana. pfestd-
tng Tor the funding u certain debts 1t
the city Of Shreveport and 1udsmsnts
against The aaid city the issuance 81
serial bonds BY saiA city. providing
the purpose fer and the manner 10
which same may 30 issued. AID the
duties II the 'tty Council y! shs cts
u Shreveport with reference thereto.
and the ,esyina BY the CITY Council He
shrevep"r, II certain tas~s to retire
the bonds ~ issued herein. ~ aoiA
eus And providing TOT the suhsnls-
ssoa II said amendment 10 the electors
II the state Tor their appsoval ~
rsIeettos
lie I. ehae ted by the General Assembly
VI the state II Louisiana. two. thirds d ID
the members elected 10 each branch
shsseai cancurvihG. that subject 10 tAs
satiheathsn and approval IT the electors
u this state the Constitution a the state
~ amended by Incorporating therein. ehs
folto~ ing psssisions. 10 Wit:
section ! The City Of Shreveport BY .
four .fi,hs vote os 81 the members a ths
CITY Council thereof. shah have power
and II hereby authorised 10 Issue osee. ~
II heasis or 10 much thereof - may -
necessary. - bs styled CITY Of Shreveport
serial 6uid Hsnds. and 70 bsas suCA vsts
u interest az the CITY CsuRcll may %
ivum time - time. - each iAstAllmaat ~
the said bonds IL offered eos sals. a. here
after provided ssid rate oi iatsssse d No
payable sera annually.
SECTION . The prSesssis II saiA losAs
shs,, ss aw'Itea "a the paywssas ana retire
meht ~ al certificates % Indebtedness
tssUsd by tie Ctty u sAssvsoost prtss 10
Nay I. lsis. and ~ The payment 81 an
Judgments rendered ssainss aaiA city psics
10 May /. itiS
section , AZ hsnAs Issued s~As. THE
amendment shah he IN such e0sm. taeW0
end denominations ana paysbss 81 sScA
times ana plsces. wlthla . psstsA q ~
.sesssing forty years ivoM ~ Aats there.
a. ~ the city covaeil u SAssvspsst sAan
determine. Said AcWAe sAaM - lesusA N
serial form and shah - payahss In annual
iassallments commencing ae& sposs tAAa
osss year irom their ssspsrtivs dsisa aaA
me insssiisasnt payable n each year sAaI
hs ~ assd. ,ha, when ~ annual interest
II added thereto. the several annual total
amounts 81 principal asA latsssee to -
paid shall b. 40 nearly sSual - psarAi.
cattle
Raid bonds shall ~ sss~sA BY The Mayor
and ths Secretary Treasurer u ne CITY
u Shreveport, and cssatessssnsA BY tAs
Commissioner II Accounts ana Finances.
and the coupons shah have the facsimile
signatures Of the Mayer and Secretary.
Treasurer In case any sseh officer whose
signature or counter signature, who sp-
pears on su'h hand OF coupon. sAall
cease 10 ss snh setces beiose delivery Of
said hona az eeuyan 10 the purchases.
such signature or counter sigma ture shaDl
nevertheless he valid for al purposes
sectsan The principal and Interest ~
ell hs,ads authorized bs this amendment
shall he payable IN sold coin ~ the Vaised
states a America er IL equivalent, II the
standard weight and AasNess ~ the time
~ the issuance thereof. and shall h. ~.
efntt sra,n nh sotras II taxation
sertlon 8 The fun faith and credit II
N" Tfts n shrrvepors are pledged ias the
payment ~ principal and interest a an
hnnds issued under this amendment The
frtnctpsA AMI interest a al bonds NJ,
ihorises and "a he issued under this
amendment. shah be paid out II tar which
shall H. lesiei annually BY the CITY Coun.
eti ~ Shreveport aren an taxable prop
crty In said ri'y sufsNclent 10 provide far
the pay ment Il the principal and inssrss,
~ said bonds Al they respectively become
dine. The tan ~ levied 10 To he In excess
"f the general ard special taAss provided
fer stss~hsfs IN this constitution and 10
nas Ia he affected hv hse "a affect the
limitations elsewhere contained In the
Constitution ~ 70 the issuance ~ honda,
and the ,es,inr ~ taxes by n,uniesrsai,ties
seeatan The provisions hereof are
ssH 'n"ratv. and the city Council, 81
sht"ssres, way BY ordinance carry them
into eject
fse further enacted, ese. That the
amendment rsarnssd BY this act shaM h.
submitted 10 the electors ~ the state ~
rrsss!o nal slee'ion 10 b Aold On iAs 6sss
rus.aay after TIE a.ss Noadsy II IL.
saan,h u Nov e,neer, 1919. and thsss shai,
10 ttini.a on the cssieisa naiiot 10 - used
In :sad .ase'lee. u. .ett..
Csaatitutyco ~ Vks aene. ~ V~..,.,.s