The Dawson news. (Dawson, Ga.) 1889-current, 1920-10-12
STATE OF OBSERVATION-DISCLOSURES
Department.
A PROCLAMATION.

A PROCLAMATION.
the constitution of Georgia to be voted
on at the general election to be held
in November, 1920, to amend Paragraph
l, Section 7, Article Z, of the constitu-
following words: Provided any munich
pality having a population of 10000 OF
more can issue and sell Street i'm
provement bonds, without the said as
sent of two thirds of the qualified vot-
ers at an election called thereon, but
upon a two-thirdS vote of the members
of it's governing body, with these lim1-
tations; first, the terms of such bonds
shall in no case exceed ten years. Sec
ond, the amount of each issue shall be
limited to the amount assessed by 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. 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 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 its
session in 1920 proposed an amendment
forth in an act approved August H.,
1920, to wit:
MUNICIPAL STREET IMPROVEMENT
BONDS. NO. 49,
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 100000 or more
INN 1eaflf
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
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
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
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
OIner purposes.
Be it enacted by the General Assem-
bly, of the state of Georgia. and it 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
following proviso:
Provided any municipality having
and sell street Improvement bonds, !"
without the said assent of two-thirds of
the qualified voters at an election cali
ed thereon, but upon two-thirds vote
of the members of its governing body:
with these limita tions: 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 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 be
issued except in case such pavement or
requirement. has been petitiOned for in
writing by the owners of more than ftf-
ty per cent of the property abutting on
the street or portion of street paved or
repaved; so that said paragraph, when
so amended. shall read as follows: Para
graph 1. 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
sossed value of all the taxable property
therein and no such county, municipali-
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
registration of the voters of the counties,
municipal corporations and other politi-
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, 1918,
shall not be affected hereby, but any
city the debt of which ioes 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 municipal uty having
population of 100000 or more can issue
and sell street impro cement bonds
without the said assent oe two-thrds of
the qualified voters at ali election call
ed thereon but upon \ 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
the interest thereon shall not exceed
six per centum per annum. Fifth. these