New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-09-09

p State OF Louisiana, for adoption % rs
T lection at the Congressional election
d be held on the first Tuesday next fol
lowing the first Monday in Novembe
e 1916
r That the official ballots to be used a
y said election shall have printed thereo
the words, For the proposed amend
1 'ment to Article 800 of the Constitutio
of the State of Louisiana relative to tn
pensions for Confederate Veterans" an
, the words Against the proposed amend
ment to Article 800 of the Constitut;o
OF the State of Louisiana relative to pen
sions for Confederate Veterans" an
each elector shall indicate. as provide,
in the general election laws of tn
State, whether or not he votes for q
against the amendment
HEWITT BOUANCHAUD.
Speaker OF the House of Representatives
FERNAND MOUTON.
Lieut.. Gov. and President of the Senate
Approved: July s. 1916.
i r. G. PLEASANT,
Governor of the State of Louisiana
A true copy:
JAMES J. BAILEY,
Secretary of State.
ACT NO no
Senate Bill No. 96. By Leon r. Smith
JOINT RESOLUTION.
Proposing an amendment to the Consti-
| tuition of the State of Louisiana. pro-
viding for the funding of certain debts
of the City of Shreveport, and judg
ments against the said city, the issu-
! ance OF serial bonds by said city. pro-
viding 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 bv
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
~ may be necessary, to be styled City
of Shreveport Serial Gold Bonds, and
to bear such rate of interest a. 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 per cent per annum payable semi |
annually.
Section 2. The proceeds of said
bonds shall be applied to the payment
and retirement of all certificates of in
debtedness issued by the City of Shreve-
port prior to May l, 1916, and to the
payment of al 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
1t such times and places, within q per-
iod Of not exceeding forty years from
the date thereof, a. the City Council o.
Shreveport shall determine. Said bonds
.hall be issued in serial form and shall
be payable in annual installments, com
not more than one year from
their respective dates, and the install
nent payable in each year shall be so
liked, that when the annual interest IS
added thereto, the several annual total
mounts of principal and interest to be
paid shall be as nearly equal as prao-
icable.
Said bonds shall be signed by the
Mayor and the Secretary Treasurer Of
he City of Shreveport, and counter
igned 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
ounter-s signature, who appears on such
bond or coupon, shall cease to be such
fficer before delivery Of said bond or
oupon to the purchaser. such signature
r counter-signature shall nevertheless
e valid for all purposes.
Section 4. The principal and interest
all bonds authorized by this amend
,ent shall be payable in gold coin of !
he United States of America or its 9
quivalent. of the standard weight and +
neness at the time of the issuance
hereof and shall be exempt from all '
,rms of taxation. a
Section 5. The full faith and credit n
the City of Shreveport are pledged
" the payment of principal and inter !
It of all bonds issued under this amend s
tent. The principal and interest of all 4
,nds authorized and to be issued under n
lis amendment, shall be paid out of tax Il
hich shall be levied annually by the il
ity Council of Shreveport, upon all II
xable property in said city, sufficient n
provide for the payment of the prime c.
al and interest of said bonds as they p
spectively become due. The tax 50 h
We'd Is to be in excess of the general p
ID special taxes provided for elsewhere ii
this constitution and is not to be af- ii
cted by nor to affect the limitations re
IL