The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-10-21
AcI hn IL


~ W. Fit
RenHts lIil Ne gg - By Leon Il Smith
JOINT RESOLUTION
frupuslns an amendment Co the ConStItu
ton II the state u louisiana pruyid
ine far the funding Of certain debts Of
the Clts If Shreveport. uhh Judgments
against the said tit,, the issuance Of
serial bonds by said city providing
the purpose fuf and the manner IN
which same mas be issusd, aad the
duties az the city Council Of the city
% Shreveport with reference thereto
and the ieyylng by the CTS Council Of
Shreveport 81 certain taxes Ia retire
The bonds ~ Issued herein. by said
eity And providing for the subnis
sion II said amendment 10 the electors
If the state for their approval or
rejection
tie Il enacted ba the General Assembly
Of the state u uusaHa. two thirds ~ all
the members elected 90 each branch
thereof eoneurring. that subject 10 the
ratification and approval of the electors
Of this state the Constitution ~ the state
he amended hy Incorporating therein, the
following provisions, to.wit
Section The cts If Shreveport by a
four fifths vote ~ all the members Of the
CITY Council thereof, shall have power
and il hereby authorized ia issue 100000
u bonds. OF so much thereof as may be
aeeessary TO be STYLED city Of Shreveport
Serial Gold Ionjs, and to bear such rate
az tatetes, as the city Council may fir
from time 20 time as each tustallmsut Of
the said bonds is offered for sale. as here
after provided said rate Of interest ST ne
time g. exceed Z per cent per suRum
payahIr sefni annually
Section 3 The proceeds II said bonds
shalt be applied 10 the payment and retire
ineHl ~ ai certificates al indebtedness
issued by the cts Of Shreveport prior 20
May !. isie and 20 the payment Of ala
Judgments rendered against said city prior
10 MAJ 1. 1916
Section 4 AL honds issued under this
amendment shall he Ia such form terms
and denominations. and payable at such
times and places, within q period of not
exceeding forts years from the date there.
81, as the city Council Of Shreveport shall
determine said bonds shall be Issued In
serial form and shalt be payable In annual
lnstallrnents commencing not more than
che year from their respective dates, and
the snsiallment payable In each year shall
be SO fixed. That when the annual Interest
h added thereto, the several annual total
amounts 81 principal and interest 10 be
paid shall be as nearly equal as practl.
Gable
said bonds shall be signed ty the Mayor
and the Secretary Treasurer of the City
Of shreveport. and eouutersIgusd hy the
Commissioners 81 Accounts and Finances
and the coupons shall have the facsimile
signatures ~ the MAYOR and Secretary
Treasurer, In ease any such officer whose
signature at counter signature who ap.
pears on such bond aF rG1spon. shalt
tease to t,o snsh officer before delivery 81
sald bond ar coupon 10 She purchaser
such signature or counter signature shall
nevertheless bs valid fof ali purposes
secttnn The principal and Interest ~
oil bonds authorized ty this amendment
shall te payable IN gold coin ~ the United
states ef America 81 its equivalent. Of the
standard weight aud fineness at the time
ct The issuance thereof and shall be es
srnpi from ali forms ~ taxation
ssctloh + The foil faith and credit Of
The city oS Shreveport are pledged for the
payment 81 principal and interest of ali
bonds issued under Fhls amendment The
principal and interest ~ MI bonds ma.
thofigsd and 90 be issued under this
amendmsHt shall be paid out ~ tax which
shall he levied annually ~ the city Coun.
ell 81 Shreveport upou All taxable prop
erty In sald city sufficient ta provide for
the payment 81 the principal and interest
~ SAID bands as they respectively become
due. The tax go levied Is 10 be Ia excess
of the general and special taxes provided |
feS elsewhere in this constitution and ts |
not ta he affected bv nor 30 affect the |
Limitations elsewhere contained IN the |
Constitution as 90 the issuance II bonds |
and the lsFtiug of taxes hy municipalities |
Section The provisions hereof are |
self operative and she CITY Council of /
Shreveport may ty ordinance carry them
into effect
he u further enacted etc. That the /
amendment proposed hY thts act shah rs /
submitted Go the electors ~ the state for
their elfrrpYal az rejection M the Con. /
gfess,onal election 10 be held on the first !
Tuesday after the FIRST Monday In the |
month ~ November 1915 and there shall |
he printed eu the oaiejn uaIat a. ne used 4
Ia said election tie words.
Fer the proposed amendment 20 the
tonstl tu'ien u The state ~ Louisiana
providing for the funding ~ certain debts /
~ the City ~ Shreveport
and the words
Against the proposed amendment 10
the Constitution ~ the state ~ Louisiana
providing for the funding az certain debts
- the city ~ Shreveport
And each cisetor shall indicate on the
hafloi east hy him whether he votes flr
ar asaiust the proposed amendment n
FtnNANp MOTION.
Lieut. Glow and President ~ the Senate
HEWITT npt'ANCH AIM
spaakef N the House ~ Representatives
Approved tRiy s. 1915
II q PLEASANT.
Governor ~ the atate AZ Louisiana
4 1Elln :