The Dawson news. (Dawson, Ga.) 1889-current, 1920-09-07
STATE OF GEORGIA.-Executiv'
Department.
A PROCLAMATION.

IA Section Z Article 7, of the constitu-
! ton of this state by adding thereto the
| following words Provided any In Odn
l-paiity having a population OF loC;VOO 20, OF
| more can issue and sell Street I'M
provement bonds, without the said as
sent of two-thirIs Of the aualtfied Vol.
ers at an election called thereon, ous
upon a two-thirds vote of the members
of its governing body, with these nlnl-.
tations; first, the terms OF such ponos
shall in no case exceed ten years. sec
limited to the amount assessed by such
municipality upon each Improvement
Third, these bonds shall be issued only
for the grading and paving or repavmg
of streets or portions of streets. Fourth,
the interest thereon shall not exceed
six per centum per annum. Firth, tnese
bonds can be issued without REGARD 70
the amount of other outstanding depts
or bonds of such municipality. sixth,
these bonds not to be issued except IN
case such pavement or requirement. has
been petitioned for in writing by the
owners of more than fifty per cent OF
the property abutting on the street or
portion of street paved or repaved." BY
HUGH M. DORSEY, Governor.
Whereas: The General Assembly at It's
session in lao proposed an amendment
to the constitution of this state. as set gel
forth in an act approved August H.
1920, to wit:
MUNICIPAL STREET IMPROVEMENT
BONDS. NO. S13.
An act to amend Paragraph l: sec.
ton Z, Article 7, of the constitution OF
the state by adding thereto the follow
ing words: Provided any municipality
having a population of 10000 or more
can issue and sell street improvement
bonds, without the said assent OF two
thirds of the qualified voters at an
election called thereon, but upon two
thirds vote of the members of its gov
erning body with these limitations:
First. the terms of such bonds SHAH IN
no case exceed ten years. Second, the
amount of each issue shall be limited to
the amount assessed by such municipal
ity upon each improvement. Third, these
bonds shall be issued only for the grad
ing and paving or repavlng OF Streets
or portions Of streets. Fourth: the in
terest thereon shall not exceed six per
centum per annum. Fifth, these bonds
can be issued without regard to the
amount of other outstanding debts or
bonds of such municipality. Sixth. these
bonds not to be issued except in case
such pavement or requirement. has been
petitioned for in writing by the owners
of more than fifty per cent OF the prop
erty abutting on the street or portion
of street paved or repaved;" and for
other purposes
bly, of the state of Georgia, and 1t is
hereby enacted by authority of the
same as follows:
Section l. That Paragraph 1. Section
Z Article z, of the constitution of this
following proviso:
Provided, any municipality having
population of 10000 or more can issue
and sell street Improvement bonds,
without the said assent of two-thirds of
the qualified voters at an election call
ed thereon, but upon tWo-thlrds vote
of the members of it's governing body.
with these limitations: First, the term OF
such bonds shall in no case exceed ten
years Second. the amount of each is
sue shall be limited to the amount as
sessed by such municipality upon eacn
improvement. Third, these bonds shall
be issued only for the grading and paw.
ing or repaving of streets or portions OF
streets. Fourth, the interest thereon
shall not exceed six per centum per an
num- Fifth these bonds can be issued
without regard to the amount OF other
outstanding debts or bonds OF said mu-
nicipality. Sixth, these bonds not TO pc
issued except in case such pavement or
requirement has been petitioned for In
writing by the owners of more than .f1f-
ty per cent of the property abutt1ng on
the street or portion of street paved OF
repaVed; so that said paragraph, when
so amended, shall read as follows: Para
graph l. The debt~hereafter incurred
by any county, municipal corporation or
political division of this state, except as
in the constitution provided for. shall
not exceed seven per centum or the as
sessed value Of all the taxable property
therein, and no such county, municipal
ty or division shall incur any new debt
except for a temporary loan or loans TO
supply casual deficiencies of revenue,
not exceeding one-fifth of one per cen
tum of the assessed value of the taxable
property therein, without the assent of
two-thirds of the qualified voters there
of voting at an election for that pur-
pose, to be held as prescribed by law:
provided said two-thirdS so voting shall
be a majority of the registered voters,
and provided further that all laws. char
ter provisions and ordinances hereto
fore passed be enacted providing special
roc ictr Of tha voters of the counties.
municipal corporations and other polltl-
cal divisions of this state to pass upon
the issuance of bonds of such counties,
municipal corporations and political d1Vl-
sions are hereby declared to be null and
void: and the General Assembly shall
hereafter have no power to pass or en-
act any law providing for such special
registration, but the validity of any and
all bond issues by such counties, NUM-
cipal corporations or other political d.
visions made prior to January. l, 1918,
shall not be affected hereby, 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 authorized by law to increase at any
time the amount of said debt three per
centum upon such assessed valuation
Provided, any municipality having
population of 10000 more can issue
and sell street improvement bonds"
without the said assent OF two-thtrds OF
the qualified voters at All election call
ed thereon, but upon 2 TWO Tn1ruS vote
of the members of it's governing body,
with these limitations: First, the term of
such bonds shall in no case exceed ten
years. Second. the amount of each issue
shall be limited to the amount assessed
by such municipality upon each improve
ment. Third, these bonds shall be issued
for the grading and paving or repaV1ng
of streets portions of streets. Fourth,
the interest thereon shall not exceed
six per centum per annum. Fifth, these
bonds can be issued without regard to
the amount of other outstanding debts
or bonds of said municipality. sixth,
these bonds not to be issued except in
case such pavement or repavemeat has
| been petitioned for in writing by the
owners of more than fifty per cent. of
the property abutting on the street or
portion of street paved or repaved."
Sec. 2. Be it further enacted by the
authority aforesaid, That whenever the
above proposed amendment to the con-
stitution shall have been agreed to by
two-thirds of the members elected to
the two houses of the General Assem-
bly,. and the same has been entered on
their Journals with the Ayes and Hayes
thereon the governor shall cause said
amendment to be published in at least
two newspapers in each congressional
district in this state for period of two
months next preceding the time of hold
ing the next general election.
Sec. 8. Be it further enacted by the
authority aforesaid. That the above pro-
posed amendment shall be submitted for
! a. - II. -