The Dawson news. (Dawson, Ga.) 1889-current, 1924-10-21

and to authorize the issuance OF BONDS
for paving purposes. :,
By His Excellence, Clifford Walker,
Governor, State of Georgia, Executive
Department, August Il, 1874.
WHEREAS, The General Assem-
Div at its session in 1924 proposed an
amendment to the Constitution OF TINS
state as set forth in an act approved
August Is, 1924, to wit;
COASTAL HIGHWAY DISTRICT
COMPOSED OF COAST COUN-
TIES. CREATION OF, TO IS
SUE BONDS FOR HIGH
WAYS, ETC, NO. 496.
An Act to propose to the qualified vo-
ters of the State of Georgia an
amendment to the Constitution OF
the State OF Georgia, authorizing
the creation of The Coastal High
wav District" to be composed OF
Chatham, Bryan, Liberty, Mcintosh,
Glynn and Camden counties, as
political subdivision, body polite:
and corporate, for the purpose OF
aiding in the construction Of pub
lie highway through said counties,
TO provide that said Coastal High
wav District may issue bonds, and
to provide for a method OF retiring
said bonds and the payment OF IN
terest thereon, and for other pur-
poses. -,
Section /. Be it enacted by the
General Assembly Of the State OF
Georgia, and it is hereby enacted by
authority of the same, That the Con
stitution OF the State OF Georgia be
amended by adding the following sub.
paragraph to follow Paragraph l OF
Article 7, Section !, the same to be
known as Paragraph Id, to wit: The
Coastal Highway District is hereby
created as a political subdivision, body
Dolitic and corporate of this state, tor
the purpose of aiding in the construc-
ton and completion OF the Pubic
Highway known as the Dixie and
South Atlantic Coastal Highway, eX-
tending from the Savannah river to
the Florida line, with the right to sue
and be sued, to have seal, make con-
tracts and to do all things necessary
or proper to carry out the purpose OF
this amendment. The said district
shall be composed of the territory OF
the counties of Chatham, Bryan, Lib
ertv. Mcintosh, Glynn and Camden
counties. The said Coastal Highway
District shall have authority to issue
bonds not exceeding 5000, 100000 tor
the purposes aforesaid; the bonded m
debtedness Of said district shall be In
CURED and the expenditures OF funds
derived therefrom as well as all other
matters and transactions necessary TO
carry out the purposes of the Constr
tutional amendment shall be managed,
controlled and directed by ten com
missioners, to be selected, four from
Chatham, two from Glynn, and one
each from Bryan, Liberty, Mcintosh
and Camden counties The said com
missioners shall be selected and va
cancies filled by the officers IN charge
OF levying taxes in said counties re-
spectively, and shall hold office for
period of five years and until their sue
cessors are selected and qualified. The
bonds when issued shall be signed and
sealed by said commissioners and shall
be a lien upon the entire property OF
all of the counties composing said
district. and first lien to the extent
of the annual retirements and interest
payments thereon upon any sums pay
able annually hereafter by the State OF
Georgia to the said counties respective
" from amounts collected from gaso-
line and oil taxes until all bonds OF
said district are retired. At or before
the issuance of said bonds the COM
missioners Of said district shall assess
the counties composing said district an
amount sufficient to pay and retire the
bonds as they come due and pay the
interest on the same. The bonds, prln-
cipal and interest, shall Nbe retired
within 30 years from the date OF issu-
ance. The assessment against each
county shall be in proportion to the
taxable value of the real and personal
property (ncluding public utillties)
returned for taxation, as finally adopt
ed by the Comptroller General, and
the proper authorities of each county,
shall at or before the issuance OF said
bonds provide for the levying, assess
ment and collection annually OF a
sum sufficient in amount TO pay the
principal and interest of such county,
part of said indebtedness, as the same
becomes due, and the complete retire
ment of the Indebtedness within thirty
years from the date of mourning said
Indebtedness. Any excess Of such tax
es collected by any county over and
above the amount necessary to that
county's liability for that year, after
first using the amounts derived from
gasoline and oil taxes as hereinbefore
provided. shall be retained and the
tax levied for the succeeding year
shall be that much less. The bonded
indebtedness here provided for shall
be incurred only after it has been sub
,,,itted To The qualified voters of said