The Dawson news. (Dawson, Ga.) 1889-current, 1920-10-26
STATE OF OBSERVATION-DISCLOSURES
Department.
A PROCLAMATION.

the constitution OF Georgia TO ne fOtSo
on at the general election to be held
in November, 1920, to amend Paragraph
/, Section Z, Article Z, of the constitu-
ton of this state by adding thereto the
following words: Provided any munich
pality having population OF l56.0OO OF
more can issue and sell street i'm
proyement bonds, without the said as
sent of two thirds Of the qualified vot-
ers at an election called thereon, but
upon tWo-thirdS-vote of the members
of it's governing body, with these ltml-
tations; first, the terms of such bonds
shall in no case exceed ten years sec
ond, the amount of each issue shall De
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 snail not exceed
six per centum per- annum. Fifth, these
bonds can be issued without regard to
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
LID HUGH M DORSEY. Governor;
Whereas: The General Assembly at Its
session in 1920 proposed an amendment
to the constitution of this state, as set
forth in an act approved August IT,
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 population OF l5O;OOO or more
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 shall in
no case exceed ten years. Second, tne
amount of each issue shall be limited 70
the amount assessed by such municipal
ity upon each improvement. Third, these
bonds shall be issued only for the grad
ing and paving or repaYlng or stfeets
or portions of streets. Fourth, the IN
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; ana Ior
Be IT enacted by the General Assem-
bly, of the state of Georgia, and 1t is
hereby enacted by authority of the
Section /. That Paragraph 1, Section
7, Article T. of the constitution OF this
state be amended by adding thereto the
following proVfso
population of 100000 or more can issue
and sell "street improvement bonds .
without the said assent of two-thirds or
the qualified voters at an 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 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 or
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 be
issued except in case such pavement or
repavement has been petittoned for IN
writing by the owners of more than 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
craph l. The debt hereafter incurred
by any county municipal corporation or
political division of this state, except as
| in the constitution provided for, snail
! not exceed seven per centum OF the as
| therein, and no such county, municipal
| ty or division shall incur any new debt,
except for a 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 or
| 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
| registration of the voters of the counties,
municipal corporations and other pollu-
cal divisions of this state to pass upon
| the issuance of bonds of such counties,
municipal corporations and political divi-
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, 1913,
| 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 assessed valuation.
| Provided, any munlclpahty having
| Dopulation of 600 or more can issue
| and sell "street improvement bonds
| without the said assent o. two-thirds OF
| the qualified voters at an election call
| ed thereon. but upon t~o-thirdN VUte
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
J shall be limited to the amount assessed
/ by such municipality upon each improve
| nent 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