The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1916-09-09
ACT NO. 11G.

Secretary or state.
ACT NO. 116.
,e ,ABffl No. So - By Leon r. Smith
JOINT RESOLUTION
p f5 De an amendment to the Constitu-
of the State of Louisiana, provid-
for the funding of certain debts OF
City of Shreveport, and judgments
-ainst the said city, the issuance OF
aial bonds by said city, providing
r. purpose for and the manner in
ich same may be issued, and the
tiles of the City Council Of the City
Shreveport, with reference thereto;
ind the levying by the City Council OF
shreveport of certain taxes to retire
bonds as issued herein, by said
And providing for the submits
oof said amendment to the electors
ae State for their approval or
t,2Gn;
eted by the General Assembly
Aof Louisiana, two-thirds of all
WI Is elected to each branch
lnt&urring, that subject to the
thgand approval of the electors
gytEte, the Constitution of the State
amended by Incorporating therein, the
i blowing provisions, to-wit:
Section l. The City of Shreveport by a
four fifths vote of all the members of the
CITY Council thereof, shall have power
and is hereby authorized to issue 100000
81 bonds, or SO much thereof as may be
necessary, to be styled City of Shreveport
Serial Gold Bonds, and to bear such rate
d interest as the City Council may fix
from time to time. as each installment of
the said bonds is offered for sale, as here
after provided; said rate of interest at no
Il time to exceed 5 per cent per annum
payable semi annually.
Section 2. The proceeds of said bonds
shall be applied to the payment and retire.
nent Of all certificates of Indebtedness
yG aa Shreveport prior to
May ], 1916, and to the payment of all
Judgments rendered against said city prior
70 May /. 1916.
Section 8. All bonds issued under this
amendment shall be in such form, terms
and denominations, and payable at such
limes and places, within q period Of not
exceeding forty years from the date there
+ ~ as the City Council of Shreveport shall
deterinine. Said bonds shall be issued in
serial form and shall be payable in annual
Mslalments commencing not more than
one year from their respective dates, and
we installment payable in each year shall
Dc SO fixed, that when the annual interest
AZ ADDED thereto, the several annual total
cunts of principal and interest to be
shall be as nearly equal as practi-
|N Ashall be signed by the Mayor
ID Nary Treasurer Of the City
and countersigned by the
H of Accounts and Finances,
bns shall have the facsimile
6f the Mayor and Secretary
In case any such officer whose
lYor counter signature, who APP
1such a bond or coupon, shall
BE such officer before delivery of
nd or coupon to the purchaser,
gnature or counter signature shall
less be valid for all purposes.
Y "A. The principal and interest of
4 authorized by this amendment
M Payable in gold coin of the United
FL SAmerica or its equivalent, of the
8S weight and fneness at the time
Suance thereof, and shall be ex-
h all forms of taxation.
IN The full faith and credit of
shreveport are pledged for the
RmW j$ principal and interest of all
%osV "a under this amendment. The
n'aapai and interest Sf all bonds au
uOifed and to be issued under this
ia sAs9dment, shall be paid out of tax which
HI gAA De levied annually by the City Coun-
TIA - Shreveport. upon all taxable prop
SFSuV IA said city. sufficient to provide for
M PAYMENT of the principal and interest
ad bonds as they respectively become
Wy, The tax so levied tWto be in excess
ae general and special taxes provided
" Elsewhere in this constitution and is
S es 70 be affected by nor to affect the
4atons elsewhere contained in the
o4utntion as to the issuance of bonds,
~ he levying of taxes by municipalities.
sStton 6. The provisions hereof are
Operative and the City Council of
eyeport may by ordinance carry them
eb effect
III IN Il further enacted, etc, That the
@ Snent proposed by this "a. act e shan b.. be
n MI, approval or rejection at the Con-
Ssssssonal election to be held On the first
May after the first Monday in the
tns.Ma the proposed amesndmerSto the
s%sssitution of the State of Louisiana
amsaing for the funding of certain debts
Il nSss City of Shreveport
"A =, The words,
d. Sainst the proposed amendment to
hassonstitution of the State of Louisiana
sSSeang for the funding of certain debts
ws City of Shreveport
hase each elector shall indicate on the
o. cast by him whether he votes for
Salnst the proposed amendment.
tn. FERNAND MOUTON,
# ~ GOV. and President of the Senate.
z Nal. HEWITT BOUANCHAUD,
SSaserr Of the House of Representatives.
pproyed: July s. 1916.
r. G. PLEASANT,
,tua governor of the State of Louisiana.
SSAES j. BAILEY,
secretary of State.
ACT NO. f15.
mate Bill No. 72--By Mr.. Vincent.