Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-07-15
TWO COMMITTEES LNDORSE
BILL FOR PORT TERMINAL

nal facilities consisting Of ware
houses, grain elevators, cold storage
warehouses, docks. wharves, tracks
and other terminal facilities on deep
water at Savannah, Ga.
Section 1. Be it enacted by the
general assembly of the state of
Georgia, and it is hereby enacted by
the authority of the same, That arti-
Gle seven 60, section twelve az, par.
agraph one ~ of the constitution Of
Georgia, shall be amended by adding
thereto and at the end thereof the
following words: or to provide for
the construction Of state-owned ter
minal facilities consisting of ware
houses, grain elevators, cold storage
warehouses, docks, wharves, tracks,
and other terminal facilities on deep
water at Savannah, Georgia. The
bonded debt to be incurred under
this authorization shall not exceed
SIS ,000,0 900, and should the state ever
dispose Of said terminal facilities the
proceeds arising therefrom shall be
applied first to the payment of prin-
cipal and interest of said bonds. The
interest on any issue of bond or
bonds authorized hereunder, &C.
cruing between the date of the is.
sue of the said bonds and the date
Of the completion Of the particular
project Of work for which the same
may be issued may be paid from
the funds derived from the sale of
the bonds So that said section
when amended shall read as follows:
Article seven (7), section twelve (12)
paragraph one ~. The bonded debt
of the state shall never be increased,
except to repel invasion, suppress in
surrection, or defend the state in
time of war, or to provide for the
construction of state-owned terminal
facilities consisting of warehouses.
grain elevators, cold storage ware
houses, docks, wharves, tracks and
other terminal facilities on deep wa
ter at Savannah, Georgia.
$15,0OO,OOO Bond Issue
The bonded debt to be incurred
under this authorization shall not
exceed $15,000,OOO, and should the
state ever dispose Of said terminal
facilities the proceeds arising there
from shall be applied to the payment
of principal and interest Of said
bonds. The interest on any issue
of bond or bonds authorized hereun-
der accruing between the date of
the issue of the said bonds and the
date of the completion of the par
ticqlar project or work for which the
same may be issued may be paid
from the funds derived from the sale
of the bonds
SEC. 2. Be it further enacted by
the authrity aforesaid, That when
said amendment shall be agreed to
by tWo-thirds vote of the members
elected to each house, it shall be en-
tered upon the journal Of each house,
with the ayes and nays thereon
and published in one or more news
papers in each congressional district
of this state for two months pre-.
vious to the time for holding next
general election, and shall at the
next general election be submitted to
the people for ratification. All per-
sons voting at said election in ia
Vor of adopting the said proposed
amendment to the constitution shall
nave written or printed on their bal
lots the words: For ratification of
amendment to article seven CD, Sec
ton twelve Q2), paragraph one a.
of the constitution, authorizing an
increase of the bonded debt of the
state for the construction Of state
owned terminal facilities at Savan.
nah,' and all persons opposed to the
adoption of said amendment shall
have written or printed on their bal
lots the words, Against ratification
Of amendment to article seven ca,
section twelve az, paragraph one
% of the constitution, authorizing an
increase of the bonded debt of the
state for the construction of state
owned terminal facilities at Savan
nah;' and if a majority of the elec-
tors qualified to vote for members
of the general assembly, voting there.
on, shall vote for ratification thereof
when the returns shall be consoli-
dated as now required by law in cleo
tons for members of the general as
sembly, then said amendment shall
become part of article seven a.
section twelve az. paragraph one
| o. of the constitution of this state
and the governor shall make procla-
nation thereof as provided by law 4"