The Dawson news. (Dawson, Ga.) 1889-current, 1924-09-09

amendment to the Constitution OF
the State of Georgia, authorizing
the creation of The Coastal High
way District" to be composed of
Chatham, Bryan, Liberty, Mcintosh
Glynn and Camden counties, as a
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
way 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 7, the same to be
known as Paragraph Id, to wit; The
Coastal Highway District is hereby
created as a political subdivision, body
polite and corporate of this state, for
the purpose of aiding in the construc-
ton and completion OF the Public
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 a 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, OOO.OO Tor
the purposes aforesaid; the bonded in
debtedness of said district shall be in
CURED and the expenditures OF funds
! derived therefrom as we'll as all other
matters and transactions necessary to
carry out the purposes of the Constl-
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
/
cancies filled by the officers in charge
OF levying taxes in said counties re-
spectively and shall hold office for q
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 a 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
w 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 ar
amount sufficient to pay and retire the
bonds as they come due and pay the
interest on the same. The bonds, prin-
cipal and interest shall be retired
within 80 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 (including public ut1lltles)
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 S
Il ah+ ha
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
mitted to the qualified voters of said
district at an election to be called by
the said District COMMISSIONER and
held in the same manner as elections
for the mourning of a bonded indebt-
cdness by counties, municipalities and
divisions. In determining the result of
the election, the vote OF the entire dis
trict shall be consolidated and count
ed as unit, each county shall pay
the expenses OF the election in that
county. The vote shall be consolidated
and the result of the election declared
by the District Commissioners herein
provided for. The Superior Court OF
any county in said district shall have
jurisdiction to validate the said bonds,
in conformity with the law providing
for the valuation of county, munich
rality and division bonds; and the GER
LITIGATION by the clerk of the Superior
Court, taking jurisdiction of such vail
dation alone shall be sufficient certifi-
cation The proceedings for the vail
dation may be instituted by the Solic-
itor General of any Judicial Circuit
within which any of said counties lies,
but the proceedings shall be served
upon the authorities managing the ifs
cal affairs OF each OF said counties,
and they shall make answer thereto.