The Dawson news. (Dawson, Ga.) 1889-current, 1920-09-21
STATE OF OBSERVATION-DISCLOSURES
Department.
A PROCLAMATION.


/ Section Z. Article T. of the consutu-
ton of this state by adding thereto tne
following words: Provided any ~ Ii ~
pality having a population OF loboVV OF
more can issue and sell street IN
proyement bonds, without the said as
sent of two-thirds of the aualltled Vot-
ers at an election called thereon puI
upon a two-thirds vote OF the meinDers
of its governing body, with these llni-
fations: first, the terms of such bonds
shall in no case exceed ten years Sec
ond. the amount of each issue shall Ds
limited to the amount assessed Dy Such
municipality upon each Improvement.
Third these bonds shall be issued only
for the grading and paving or repaVlng
of streets or portions OF streets: FouItn s
the interest thereon shall not exceed
six per centum per annum. Firth, these
bonds can be issued without regard to
the amount of other outstanding deDtS
or bonds of such municipality, sixth,
these 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 or
the property abutting on the street or
portion of street paved or repaved.' by
MS HUGH M. DORSEY. Governor.
Whereas: The General Assembly at It's
session in 1920 proposed an amendment
to the constitution OF TINS state, as Sc
forth in an act approved August H.
MTNICIPAL STREET IMPROVEMENT
BONDS. NO. 813.
An act to amend Paragraph l: sec
ton T. Article z, of the constitution OF
the state by adding thereto the follow
ing words Provided any municipality
having a population of 15OOOO 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;
no case exceed ten years. Second, the
amount of each issue shall be limited 10
the amount assessed by such municipal
ity upon each improvement. Third, THESE
bonds shall be issued only Tor the graa-
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 Donds
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 mas peen
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; ana Tor
other purposes.
bly, of the state of Georgia, and it is
hereby enacted by authority of the
same as follows:
Section / That Paragraph l. Section
T. &,
state be amended by adding thereto the
following proviso:
Provided. any municipality having a
population of 100000 or more can issue
and sell street Improvement , 9odos,
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 its governing Dody,
with these limitations: First, the term .o 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 each
Improvement. Third, these bonds snail
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
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 or
writing by the owners of more than fiji
ty per cent of the property abuttng 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 tne as
sassed value of all the taxable property
therein, and no such county, munic1pal1-
ty or division shall incur any new DEBT
except for temporary loan or loans 10
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-
yiGiA nd
fore passed be enacted providing special
registration of the voters of the counties,
municipal corporations and other pollti-
cal divisions of this state to pass upon
the issuance of bonds of such counties,
municipal corporations and political diVl-
sionS are hereby declared to be null ana
void; and the General Assembly shall
hereafter have no power to pass or en-
registration, but the validity OF any ana
all bond issues by such counties, NUM-
cipaI corporations or other political dl-
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 ut 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.
Provided. any muniCipa dty having q
population of 100000 or more can issue
and sell street Improvement bonds
without the said assent OF two-thtrds OF
the qualified voters at an election call
ed thereon, but upon tWo-thirdN 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 repavin9
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 repavemeRt 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 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-
bol 10 submitted for