Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1919-02-21
COUNCIL ASKS
SPECIAL LEVY
TOCLEAR DEBTS
CONTINUED From Page u

shall go into the sinking fund for the
payment of the bonded indebtedness
of the city.
Il think the plan, aside from the
larger aspects, would prove valuable
from this consideration also: Some of
the holders of the city's Indebtedness
want per cent on their money. We
all know that the city of Americas
ought not to have to pay per cent
interest, and this measure should en-
able us to get money at considerably
lower rate"
Following is the text of the resolu-
ton adopted by the council embodying
the plan in detail:
THE RESOLUTION.
Whereas, the City of Americas now
has a floating indebtedness of approx
imately One Hundred Thousand Dol
las, and, whereas. the present revenue
of the city will just about pay the nee
essary running expense, leaving no
surplus to pay off the floating debt,
BE 1t Therefore Resolved by the
Mayor and City Council of Americas
that it is the judgment of this body
that the charter of the city should be
amended so as to permit the levy of an
ad valorem tax of one-half of one per
centum for period of five years, the
amounts collected from this levy to be
kept separate and distinct from the
other funds of the city, and to be APP
piled only to the payment of the pres
ent outstanding floating in debtedness
of the city.
BE 1t Further Resolved, that our
present representatives, Hon. Stephen
Pace and Hon E. Zimmerman, be, and
they are hereby, respectfully requested
to introduce and to press to it's final
passage, during the 1919 session of
the General Assembly of Georgia an
act for the purposes aforesaid, and to
be as follows:
AN A ACI ENTITLED
"An Act to Amend the City Charter
of Americas so as to authorize and
empower the Mayor and City Council
of Americas to levy an ad valorem tax
for the years 1919 to 1923 inclusive, of
one half of one per centum in addition
to the tax already authorized and to
provide that the amounts raised by
said levy be kept separate and distinct
from the other funds of the city, and
to be applied only to the payment of
the present outstanding floating in
debtedness of the City of Americas; to
authorize the Mayor and City Council
of Americas to execute notes and sell
the same in anticipation of this tax
levy, and for other purposes.
SECTION /.
"Be it enacted by the General As
sembly of the State of Georgia, and it
is hereby enacted by the authority of
the same, that from and after the pas
sage of this act, that the Charter OF
the City of Americas be and the same
is hereby amended, and the Mayor and
City Council of Americas, in addition
to the power and authority they now
have, shall have full power and au-
thority, and shall prescribe by ordi-
nance for the assessment, levy and
collection of an ad valorem tax on real
and personal property within the cor
porate limits of the City of Americas
tax of one-half of one per centum
for the years 1919 to 1928 inclusive,
for the purpose of paying the present
outstanding floating Indebtedness of
the city.
SECTION 2.
BE it further enacted that all
moneys collected from this tax levy
shall be kept separate and distinct
from any other funds of the city and
shall be applied to the payment of the
present outstanding floating indebted
ness. Z
SECTION 3.
BE it further enacted that should
there remain any money in tie treas
airy of the city from this tax levy after
the present outstanding floating in