The Dawson news. (Dawson, Ga.) 1889-current, 1910-10-05

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

Augusta to Increase It's Indebted
ness.
By his Excellency, Joseph NJ. Brown,
Governor.
Atlanta, Ga, August 8, 1910
Whereas, the General Assembly, at
its session in 1909, proposed an
amendment to the Constitution of
this State as set forth in an Act APP
proved August 18th, 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 it's bonded indebt-
| edness beyond the amount now al
| lowed under said paragraph, under
certain circumstances, for the pur-
| pose of flood protection
Section l. 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 its
power producing canal and municipal
WateTWQyks, in addition to the debts
hefeihbofore 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:
Paragraph l. 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
centum upon such assessed valua-
ton; except that the City Council
OF Augusta, from time to time, as
necessary, for the purpose of protec-
ton against foods, may incur
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
Of such properties, the valuation of
such properties to be fixed as may be
prescribed by law, but said valuation
not to exceed figure five per cent
on which shall represent the net rev.
enue per annum produced by the
two properties together at the time
of said valuation, and such indebt-
edness not to be incurred except with
the assent Of two-thirds of the quail
fed voters of such city, at an cleo
ton or elections for that purpose to
be held as may be now, or may be
hereafter, prescribed by law for the
mourning of new debts by said the
City Council of Augusta"
Sec. z. Be it further enacted by
the authority aforesaid. That when
ever the above proposed amendment
to the Constitution shall be agreed
to by two-thirds of the members
elected to each of the two houses of
the General Assembly, and the same
has been entered on their journals.
with the ayes and nays taken there
on, the Governor shall. and he is
hereby authorized and instructed to
cause said amendment to be pub
ilshed IN at least two newspapers in
each Congressional district in this
State for the period of two months
next preceding the time of holding
the next general election.
Sec. 3. Be it further enacted by
the authority aforesaid, That the
above proposed amendment shall be
submitted for ratification or reiec-
ton to the electors of this State at