The Dawson news. (Dawson, Ga.) 1889-current, 1920-10-05
STATE OF GEORGIA.-Executi
Department.
A PROCLAMATION.

on at the general election to be hetS
in November, 1920, to amend paragraph
ton of this state by adding thereto the
following words: Provided any Ll adn
pality having a population OF loO:oV" %
! more can issue and sell Sueet III
I provement bonds, without the SAID as
sent of wo.thir5s of the quallfled Eot.
ers at an election called thereon, pdI
upon a two-thirds vote OF the nelnDet.
of it's governing body, with these llIIi n
tations; first, the terms OF such bonus
shall in no case exceed ten years. sec
ond, the amount of each issue shal De
limited to the amount assessed ny suCt
municipality upon each Improvements zen = :,
Third these bonds shall be issued only
for the grading and paving or repaVlns
of streets or portions of streets, fourtn;
the interest thereon shall not e& Ho
six per centum per annum. tllll' IneSo
bonds can be issued without regard 10
the amount of other outstanding depts
or bonds of such municipality. SlXtn,
these bonds not to be issued except III
case such pavement or repayement ne 1hs
owners of more than fifty per cent OF
the property AUDITING on the street OF
norton of street paved or repaved." BY
His Excellency. ,, c.,.o.or
Whereas: The General Assembly at It's
session in 1920 proposed an amehoIile en-
to the constitution OF this state, as
forth in an act approved August H.
MTTNICIPAL STREET IMPROVEMENT
BONDS. NO. 813.
An act to amend Paragraph l, Sec
ton 7, Article Z, of the constitution OF
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 a two
thirds vote of the members or It's gov
erning body, with these llmtatlohs:
First the terms of such bonds snalI IN
amount of each issue shall be limited to
the amount assessed by such munlclpaI-
ity upon each improvement. Third, these
bonds shall be issued only. for the grad
ing and paving or repaylng OF streets
or portions of streets. Fourth. the in
terest thereon shall mot exceed six per
centum per annum. Fifth, these bonds
can be issued without regard to the
amount of other outstanding DEBTS OF
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 or the prop
erty abutting on the street or portion
of street paved or repaved;" and for
other purposes.
Be it enacted by the General Assem-
bly, of the state of Georgia, and 1T Is
hereby enacted by authority of the
Section 1. That Paragraph l. Section
7, Article 7, of the constitution OF TINS
state be amended by adding thereto the
following provso:
Provided, any municipality having a
population of 10000 or more can issue
and sell street Improvement bonds, j..
without the said assent of tWo-thlrds OF
the qualified voters at an election cali
ed thereon. but upon a. two-thirds 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 eacn IS
sue shall be limited to the amount as
sessed by such municipality. upon each
Improvement. Third, these bonds shall
be issued only for the grading ana paw.
ing or repaving of streets or portions OF
shall not exceed six per centum per an,
mum, Fifth these bonds can be issued
without regard to the amount OF other
outstanding debts or bonds OF sald nlu-
nicpality 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 imam III
ty per cent of the property abuttlng 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, shaIi
not exceed seven per centum of the as
sessed value Of all the taxable property
therein, and no such county, mun1clpali-
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 or
two-thirds of the qualified voters there
of voting at an election for that pur-
pose, to be held as prescribed by raw;
provided said two-thirds so voting shall
flNn piC
and provided further that all laws, char
ter provisions and ordinances hereto
fore passed be enacted proVldng speclai
registration of the 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 dlVl,
sions are hereby declared to be nun aho
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 ana
all bond issues by such counties. NUM-
cipal corporations or other political d1-
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 1T 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 asse sscd valuation.
1IONluSu, amy lHuuiNApo'Ni'F A'e''
population of 10000 or more can issue
and sell street improvement bonds
without the said assent OF tWo-thirds or
the qualified voters at ali election call
ed thereon, but upon a two-thirds vote
of the members of its 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 repaving
of streets or 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 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
Sec g 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-thrds 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 Nayes
thereon the governor shall cause said
amendment to be published in at least
two newspapers in each congressional
district in this state for a period of two
months next preceding the time of hold
ing the next general election
Sec g. Be it further enacted by the
authority aforesaid. That the above pro-