The Dawson news. (Dawson, Ga.) 1889-current, 1910-08-31

Providing a Presentation For City of
Augusta to Increase It's Indebted

Providing a Presentation For City of
Augusta to Increase It's Indebted
ness.
By his Excellency, Joseph M. Brown,
Governor.
Atlanta, Ca, August 8, 1910
Whereas, the General Assembly, at
it's session in 1909, proposed an
amendment to the Constitution of
this State as set forth in an Act APP
proved August 10th, 1909, to-wit:
An act to amend Paragraph one
of Section seven of Article seven of
the Constitution of this State, so as
to provide for allowing the City
Council of Augusta, which owns both.
power producing canal and water
works, to increase its bonded iHdebt-
edness beyond the amount now al
lowed under said phsounder
certain circumstances, for the pur-
pose of flood protection. -~s
Section /. Be it enacted by the
General Assembly of the State of
Georgia, and it is hereby enacted
by the authority of the same, That
paragraph one Of Section seven of
article seven of the Constitution of
this State is hereby amended by add
ing at the end of said paragraph the
following words: Except that the
City Council of Augusta, from time
to time as necessary, for the pur-
pose of protection against floods, may
incur bonded Indebtedness upon it's
power producing canal and municipal
waterworks, in addition to the debts
hereinbefore in this paragraph al
lowed to be incurred, to an amount
in the aggregate not exceeding fifty
percentum of the combined value of
such properties; the valuation of
such properties to be fixed as may be
prescribed by law, but said valua-
ton not to exceed a figure five per
cent, on which shall represent the
net revenue per annum produced by
the two such properties together at
the time of said valuation, and such
Indebtedness not to be incurred ex-
cept with the assent of tWo-thirds
of the qualified voters of such city.
at an election or elections for that
purpose, to be held as may be now,
or may hereafter, prescribed by law
for the mourning of the new debts
| by said the City Council of Augusta,
so that said paragraph when amend
ed shall read as follows:
Para graph /. The debt hereafter
incurred by any county, municipal
corporation of political division of
this State, except as in this Consti-
tuition provided for, shall not ex-
coed seven per centum of the as
sessed value of all the taxable prop
erty therein, and no such county,
municipality or division shall incur
! any new debt, except for a temporary
loan or loans to supply casual de-
ficiencies of revenue, not to exceed
one-fifth of one percentum of the
assessed value of taxable property
! therein, without the assent of two
thirds of the qualified voters there
of, at an election for that purpose.
to be held as may be prescribed by
law; but any city, the debt of which
does not exceed seven per centum
of the assessed value of the taxable
| property at the time of the adoption
of this Constitution, may be author
/ lied by law to increase, at any time,
! the amount of said debt, three per
COH'uH "pOh suCu assessed Fdlud-
ton; except that the City Council
of Augusta, from time to time, as
necessary, for the purpose of protec-
ton against foods may incur a
bonded Indebtedness upon it's power
producing canal and municipal wa
! terworks, in addition to the debts
hereinbefore in this paragraph al
| lowed to be incurred, to an amount
in the aggregate not exceeding fifty
! per centum of the combined value