The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-10-14
ACT NO. lit,

hFNbfP lRfH re. 20 -- fA9 1fsoff II f7ffhNtf
JOINT REVOLUTION
Proposing an amendment to the constits-
tion Of the state Of Louisiana, proyid
ing Tor the funding Of certain debts Of
the city Of Shreveport and judgments
against the said city che issuance Of
serial bonds by said city. providing
the purpose fer and the manner ~
xhleh same may be Issued. and she
duties Of the City Council 81 the City
Of Shreveport with reference thereto
and the ievying by the city Couneil Of
Shreveport of certain taxes 20 retire
the bonds as issued herein, - said
city And providing for the submits
sion os said amendment 10 the electors
of the State for their approval or
rejection
lie u enacted by the General Assembly
" the state II Louisiana, two thirds Of all
the members elected 70 each branch
thereof coneufrins. that subject to the
ratification and approval If the electors
of this State, the Constitution Of the state
be amended hy incorporating therein. the
following provisions, to-wit
Section l. The CITY of Shreveport by q
four fifths vote Of all the members oi the
city Council thereof, shall have power
aud Is hereby authorized 10 issue $500 eoe
of bonds, OF NO much thereof az may Re
necessary. 20 be styled city Of Shreveport
Serial Gold bonds, and 10 bear such rate
~ interest an the city Council may hS
irom time to time. as each lnstailmen, Of
the said bonds Is offered for sale, az here
after provided said rate of interest at no
time to exceed per cent per annun
payable semi annually
Section 2 The proceeds If said bonds
shall be applied TO the payment and retire
nen, of all certificates Of Indebtedness
Issued hy the CITY Of Shreveport prior 10
MAY l. 1916. and 10 the payment ~ all
Judgments rendered against said city prior
to MAY l. 1918,
Section = All bonds issued under this
amendment shall BE la such fern terms
and denominations. and payable Rt such
times and places within Il period of not
exceeding forty years from the date there
Of. as the City Council Of Shreveport shall
determine Sad bonds shall be issued In
serial form and shall be payahle Isl annual
ihstallments. commencing not more than
one yaar from their respective dates, and
the lnstailment payable In each year shall
be No flxea. that when the annual interest
is added thereto, the several annual total
amounts Of principal and interest 10 he
paid shall be 50 nearly equal as praetl.
cable.
Said bonds shall be signed by the Mayor
and the Secretary Treasurer OF the City
OF Shreveport, and conntersigned by the
Commissioner ~ Accounts and Finances
and the coupons shall have the facsimile
signatures Of the Mayor and Secretary
Treasurer Ira casa any suSh officer whess
signature or counter signature. who Fp-
pears OF such a bond OF coupon. shall
cease to be such officer before deli' cry Oi
said bond or coupon TO the purchaser
such signature or counter signature shall
nevertheless be valid for all purposes
Section T. The principal md interest ot
ali bonds authorized by this amendment
shall he payable IN sold coin uf the United
States ~ America or It's equivalent, 81 the
standard weight aid fineness nj the tine
Af tfF fhShhEfRe '9tFFspff esftsi hIlAtl hF FR
smpt from all forms Of taxation,
Section g. The fun faith and credit N
the city Of Shreveport are pledged for the
payment Of principal and interest 81 NIL
bonds issued under this amendment The
principal and interest 81 all bonds an.
thorised and 10 be issued under this
amendment, shall be paid Oh, os tax which
aba ~ h. tsst,H
ell Of Shreveport, upon ali tsxatie prop
srty In said city. sufficient 90 provide fer
the payment Of the principal and interest
~ said bonds as they respectively become
due The tax so levied IL 20 he In excess
ns the general and special taxes provided
for elsewhere IN this constitution and Il
not to be affected hy nor 90 affect thf
Limitations elsewhere contained IN the
Constitution as te the issuance ~ hondR,
and the leyyinF Of taxes by municipalities
section & The provisions hereof are
self operative and the CIty Council Of
Shreveport may by ordinance carry them
into effect
He II further enacted. etc. That the
amendment proposed hy THE act shall s,e
submitted 10 the electors 81 the state for
their approval or rejection "a the Con
gressianal election 10 be held on the Ffrs,
Tuesday after the first Menday in tho
month "a November, 1918. and there shall
be printed an the oisleiat ballot Ia ne used
In said election. the words.
For the proposed amendment TO the
Constitution Of the State II Louisiana
providing for the funding ~ certain debts
~ the Clty ~ Shreveport"
ard the words
Against the proposed amendment ia
the Constitution ~ the state uf Louisiana
providing fer the funding 81 certain Debts
~ the CITY ef Shreveport"
And each eleetar shaii Indicate OFT the
ballet cast by him whether he votes fug
ur against the proposed amendment
FERNAND MOUTON,
lieut. tiov. and President ~ the senats
HEWITT HnuANCuAUp
apeaker Hf the House Of Representative
Approved julY 3, 1919
* q PLEASANT.
Governor Of the state IT Louisiana
A fgsEn