The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-09-09
ACT NO 10


zsH4fs 1914 Nu % iiy Leon u. Nhith,
JOINT RESOLUTION
Proposing au amendment to the tenStita
uua ~ the state Of Louisiana, pfovta
gnF fsr the funding Of certain debts Of
fh. Gll, al shFtt ppoft and Judgments
against the said city the issuance @!
serial bonds bg said city, providing
the purpose tUt and the manner Ia
UtIFh same mas be issued aud The
aufE,s 81 "a, cts Council Of the CITY
If Shreveport. with reference thereto
ami the ltsyiWg rs the city Council of
Shreveport uf certain taxes 10 retire
the lapdg ss issued herein, by said
city And providing for the suhinis-
s.ou af said amendment Ca the electors
III the state for their approval or
reflection,
Es ii enacted hy the General Assembly
II the state ol Louisiana, two thirds Of all
ia, members elected Go each branch
shrrrff soHeurring. that subject to The
ratification ard approval Of The electors
~ this state, tht Constitution Of the state
he amended hy incorporating therein. the
fUiluRing provisions go wit
seetiup The city II Shreveport by n
four ffihs vote Of all the members Of the
Cuy Council thereof. shall have power
and is hereby authorized TO issue $500. 600
~ l,onds. af So pueh thereof as may be
necessary, "a be styIed city OF Shreveport
Serial Gold gontls. and to bear such rate
~ Interest as the Cis Council may hs
fruen time te ttme IA each iHstalimsnt OF
the said bonds IL offered for sale az here
after provided. said rate OF interest at No
TIME To execsd per cent Per annun
payable semi annually.
Section 2 The proceeds Of said bonds
shall be- applied TO the payment and retire.
mtnt ~ al certificates ~ Indebtedness
ISSUED ly thc City oi Shreveport prior 10
Aay !. 1919 and "a the payment Of ali
judgments rendered against said city prior
to MAJ l. 1915
seeti0n All bonds issued under this
amendment shall be tn such form, terms
and denominations. and payable AZ such
times and places. within a period of not
exceeding forty years from the date there
~ a. the Ctty Council of Shreveport shall
determine Said bonds shall be issued In
serial form aud shall be payable In annual
irstallmenls, commencing not more than
enc year from their respective dates and
the tnstalimeut payable In each year shall
be so fixed. that when the annual interest
Is added thereto, the several annual total
amounts Of principal and interest 10 be
paid shHll he as nearly equal as praCti.
cable
Said bonds shall be signed by the MAYOR
ard the Secretary Treasurer Of the CITY
At Shreveport and countersgnea hy the
Commissioner If Accounts and Finances.
and the coupons shall have the facsimile
signatures # the Mayor and Secretary
Treasurer In case any such officer whose
signature or counter signature who ap-
pears 81 such bond or coupon. shall
cease go he such officer before delivery oi
said bond or coupon 10 the purchaser,
such signature nF counter signature stall
nevertheless be valid fof all purposes
seetion ! The principal and interest OF
ali l'UnAs authorized by this amendment
shall BE PAYABLE In gold coin If the United
states IT America ot It's equivalent. Of the
standard weight and anepess NJ the tiue
- tifr IssHanee thereof and shall be ex
empt ffHm an forms IT taxation
S"et.Hu The iuil faith and credit al
the CTS II Shreveport are pledged for the
payment IT principal ard interest Of hii
bonds Issued under this amendment The
principal and interest If all bonds au.
thuF aed and fo he issued under this
amendment shall be raid out ~ tax which
shall be levied annaaJly Is the city Coun
IT II shreveport, upon All taxable prop
sttv IN said e.rt sufficient to provide fog
tn payment 81 the principal and interest
- said bonds ms They respectively become
d8e The tax So levied ia sa be Ie excess
of the general aud special taxes provided
f'r elsewhere iB this constitution and ~
uet TO he affected ly nor go affect the
Limitations elsewhere contained Ia tbs
Constitution as "a the issuance II bonds
Hni TIE le. ms IT taxes hy municipalities
seetlpn The provisions hereof are
sfl' operative ana fhe city Council oI
Shreveport u1g IS ordinance carry them
INTO effect.
We II further enacted etc That the
amendment proposed rs this act shall bs
submitted 10 the electors ~ the State fpr
their approval or rejection nj the Con
Efss and election 30 be held on the tFRi
Tuesday HftsT the FIRST MONDAY In tho
month af November. 1916 ard there shall
D. FrWted en fhe cfiirln uftIlut 10 ue used
IN said election. the words.
For The proposed amendment e. the
Constitution 81 the State ~ Louisiana
providing fer the funding ~ certain debts
- The city II Shree eport."
and the words,
against the proposed amendment Ia
The Constitution of the State If Louisiana
providing for the funding 81 certain debts
~ The city Of Shreveport 4"
ard each eleelor shall Indicate on the
ballot east hy him whether ha votes fnr
or against the proposed amendment
FF.ASANn MOTION.
Lieut. tlov aHt President Of the Senate
HEWITT BotfANCHAUn
Speaker ~ the House ~ Representatives.
Approved fuit s ists
Fl. q PLEASANT,
Governor ~ the State of Louisiana
true copy.
JAMES = HALEY,