The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1916-10-12
Act No. ITO

b -
A.JoTNT HT"nLUTION
! proposincs an amer 'rnoat to the Con-
stitutinn Of the state of Louisiana.
providing for the fun7ing of certain
debts o. the CITY Of Shreveport, and
judgments against the sold city, the
Issuance of serial bonds ~ snid city
providing the plrDos-A fnr and the
manner in which SaIo" NAV be Is
sued. and the du.ies: - the City
Council: of the CITY Of Shreveport
with reference ~ 'r"tos: and t." levy
inr bv the Citv .'o1--ril Of Shreve-
port Of. certa'n Z - 70 retire the
bonds az ISSUED =, by said city:
and provi7'r" .. ~ 9'.''@*ion OF
said sruen6'n"r = ei"r' Hrs or
the state for tk,l? approval or re-
lection.
Be 1t enacted by the g. n"ral Assem-
blv Of the State % Louisiana. two
thirds Of the mon ',n~a elected to each
branch thereof c01"iTs!ng that, SUB
feet TO the ra';Go9-ion and approval OF
the eIetcr.re - ".is state the Consti-
.ution O. :, & 80 nc an7cnded by in
oornorat', rein the following pro-
VIZ. ~ to-wit:
S csion /. The Cityz:of Shreveport.
by a four-fifths vote cf all the mem
bers Of the City Counc5l thereof. shall
have power and is hereby authorized
to issue $500 600 of bonds. or so much
thereof as may be NECESSARY, to be
STYLED City OF Shreveport Serial Gold
Bends, and to bear such rate Of inter-
est as the City Council may fix from
time to time, as each instaJlment of
the said bonds is offered for sale, as
hereafter provided; said rate Of inter
est at no time to exceed 5 per cent
per annum. payable setni-annually.
Section g. The proceeds of said
bonds shall be appli@6 to the pay
Of indebtedness issued by the City of
Shreveport prior to Nay 1, 1916. and
to the payment of all judgments rem
dered against said city prior to May
1, 1918.
Section 8. All bonds issued under
this amendment shall be in such FORM
terms and denominations and payable
at such times and places. within a Pc
Rod OF not exceeding ferty 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 in
| stallments, commencing not more than
| one year from their respective dates
and the instaliment payable in each
| year shall 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 Secreta Ty- Treasurer of
the City Of Shreveport, and counter
| signed DIV Ine commissioners OF AC-
counts and Finances, ard the coupons
| shall 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 Of said bond or coupon to the pur
| chaser, such signature or counter-sig-
nature shall nevertheless be valid for
all purposes.
| eat Of all bonds authorized by this
amendment shall be payable in gold
/ coin of the United States of America
or its equivalent. of the standard
weight and fneness at the time of the
| isauancs thereof ard shall be exempt
from all forms Of taxation.
Section s. The full faith and credit
Of the City of Shreveport are pledged
| for 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
ly 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
by nor 80 affect the Limitations. else
where contained in the Constitution
- to the issuance of bonds, and the
ievying Of taxes by municipalities.
|. SectioH 6. The provisions hereof
are Self-operative, and the City Coun-
ell Of Shreveport may by ordinance
carry them into effect
Be IL Further enacted, etc. That the
amendment proposed by this Act
shall BE- submitted to- the electors of
the State for their approval or rejec-
ton at dhe Congressional election to
be held On the first Tuesday after the
first Monday in the month OF Novem-
Der. 1915; and there shall be printed
on the o!ficia1 ballot to be used in said
election the words, "For the proposed