The Dawson news. (Dawson, Ga.) 1889-current, 1920-08-31
STATE OF GEORGIA
EXECUTIVE DEPARTMENT.
A PROCLAMATION.

on at the general election to De heiu
in November, 1920, to amend onnst tn.
ton of this state by adding thereto ny ~
following words: Provided any ~ fi ndn ~
pality having a population OF lout'V0 ~ "a
more can issue and sell oueet IN IN
nroyement bonds, without the SAID as
sent of two thirds of the luallIled Tot
ers az an election called thereon, out
upon a two-thirds vote OF the mem le III
Of its governing body, with these lllni-
/ tations: first, the terms of such ponus
/ shall in no case exceed ten years. oGco
/ ond the amount of each issue shalI pe
! limited TO the amount assessed by Such
I ,1iinicipaIity upon each Improvement.
, Third these bonds shall be issued only
! for the grading and paving or rePdNliiis
/ of streets or portions OF stTeets; ro VI
! tha interest thereon shall not exceed
/ six per centum per annum. Fifth, these
( bonds can be issued without regard 10
I the amount of other outstanding depts
| or bonds of such municipality. SlHth'
| those bonds not to be issued except in
case such pavement or requirement. mas
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
| His EXcellency,
Whereas: The General Assembly at its
session in lAD proposed an amendment
to the constitution of this state, as set
forth in an act approved August II,
1920. to wit:
MUNICIPAL STREET. IMHfON
BONDS. NO. S13.
An act to amend Paragraph l, Sec
ton 7, Article Z, 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 put upon Two
thirds vote of the members of its gov
erning body with these limitations:
First, the terms 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 municipal
ity upon each improvement. Third, these
bonds shall be issued only for the grad
ing and paving or repaving 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.
Be it enacted by the General Assem-
bly, of the state of Georgia, and 1t IS
hereby enacted by authority OF the
same as follows:
Section l. That Paragraph l, Section
Z. Article Z, of the constitution of this
state be amended by adding thereto the
Provided, any municipality having a
population of 10000 or more can issue
| and sell street Improvement bonds, .
| without the said assent of tWo-thlrds OF
| the qualified voters at an election call
| ed thereon but upon two-thirds vote
| of the members of its governing BODY,
! with these limitations: First, the time 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 repavng of streets or portions OF
| streets. Fourth. the interest thereon
/ 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 said mu-
nicipality Sixth, these bonds not to be
! issued except in case such pavement OF
repavement has been petitioned for in
| writing by the owners of more than fiji
! ty per cent of the property abutting 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 of the as
sessed value of all the taxable properly
| therein, and no such county, municipal
|
! 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
nronertv 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 shail
he a majority of the registered voters
and provided further that all laws, char
ter provisions and ordinances hereto,
fore passed be enacted providing special
registration, but the validity of any and
i ties, corporations and other polltlcal Ill
visions of this state to pass upon the
issuance of bonds of such counties, mu-
nicipal corpora lions and political dlVls-
ions 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, /, 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 ma!
be authorized by law to increase at any
, time the amount of said debt three pei
centum upon such assessed valuation
Provided, any municipality having
: population of 10000 or more can ISSUE
and sell street improvement bonds
without the said assent OF two-thtlds o1
the qualified voters at All election call
| ed thereon. but upon two~thirde vote
of the members of it's governing body
with these limitations: First. the term OF
such bonds shall in no case exceed ter
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 repaVlns
2 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 tC
the amount of other outstanding debts
or bonds of said municipality. sixth
these bonds not to be issued except in
case such pavement or requirements has
been petitioned for in writing by the
r owners of more than fifty per cent. OF
the property abutting on the street OF
portion of street paved or repaved.'
= Sec 2. Be ii further enacted by the
q authority. aforesaid, That whenever the
above proposed amendment to the con-
stitution shall have been agreed to by
two-thirds of the members elected tc
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. 3. Be il further enacted by the
: authority aforesaid. That the above pro-