Newspaper Page Text
; PACE 1 WO
GRIFFIN
DAILY NEWS
Ql'tMmf ME1.TON
Fulfils her
^QPIMHV MKI.TON. JR.
Editor
Published dally except Simony ai 1
But Solomon Street. Griffin. O
entered it, the post ot fn as .« 'f
class matwf The Griffin Dally New
Will not be liable for an error P
advertising beyond (he e( „ o' tn
advernsenient
BIBLE THOUGHT
1*41. W* .000,000 poi.ud? Of
fesakt a ar* trsasn V) Industrial
jMosassas
IsEftAI. tint
UBITTION DOR AMI NOMKM
or CHARTER Ol m NHEK,
Mil I N, INCORPOILATEI)
REORGIA Spalding Com) . OF
ro THE 8t i’KRIOR COURT
SAII3 COUNTY
The pstitlon of DUNDEE MU.144
INCORPOR A TED, riwpactfullj
show* *o U» Court a> tuUuw
1
Petitioner* Ls n corpwa+ion en
g*ltfd *n the manofnrinrt and pi" ■
cessing of textile products, having
Its plant and prim !•»». . •the : n
Spalding. Coiiivly. Georgia., and _!••
operating under renewal .of-. Re
charter granted tn the aforesttbl
Court oh the 11th day of •lum
HM3. and an amendment uier«M :
granted by the snipe Court or
3Bt.h rifu of Align'd I‘M2 .ill lo-p
_ Re. returt
erly certified bv the <>•
State Reference is iniule t ■ < tie
aforesaid renewal -ind aim-nd'iieti
proceedings as the ■ appear n
apec' iveh in the Off let ( Cirri'
cf the Superior Court i .f Spaiilrnv
County, Georgia in Rr. r.rcl i
Charters Book 3 pages ft 1 j ft 1 . 1 ' un<
page* 85-66
i
Petitioner now desire P amen
ita charter so as to permit tt.< It'
durtion of Hie par vuluf t l
eoxnmon capital slock from orn
hundred fliionoi rt"! rs pdr xhnrt
fc- twentv-flvf iZfiOdi diillars per
retltioner also (W n r s to fur \
+r amend It.^ chartt \ by tnrrrn.^
Ing Ua nuthnri?r«l romnvnn rat ala
jitork from the pre rnl uithon t
maximum limit thro< millt*
F3 000,000 > dollfil'H tdf thi m:'Xin n
Hmit of fivr million (KKl.OOOi d 'I
ln?T
4
Prtitionfr shew* tint !
W!piJ«r nnnuHl mr-il! I
Afo'kholdprs !ie!fl 1 i fflrr r
Or'dl'pr 29 11)4*1 i'f w! h mer'
ln*r flu? and Irpal rmtirp VX A S civri'i
• mi *f which '3id tmoiinu !h»‘i ;
v,t> duly ond IcjuUv H/rr*.' *
per-on unci by prox IV th
(H'O-lhirdA of th O' t i t nn'din *
raj stork nf pet It loir tlH'ff*
nn-inlmouslv lutai <. NiF n ii
• u'hnrltv Ito the firt-.i •ri.it r ff
•r* of tht corprmti -n t lr tit
F.hr nprp.sAnn Ircftl i rocppdlnt?^ 1°
pr^pu*-e th> pforP^n' I dr imi p
jnrndrnpnt." AM flrhfii herp’.o. BHt'
m* r ke4 ' HXITT TUT A mvl FN
HTBTT B ’ ?vp rprUf’fi
iDAt«rl*l flliktrkrtk from tin* mu
UtA<* of Mid HopklloWfiA' im'i'Mn
phnwlng authorit) r. : till F‘
tion
vrHITPlTOTIR ],r Irtii6! prm
• f lh* Court tllAk r II
fnril , «T amenttor! s,i !.. to \H>nut
(D Tlir r*d!Kti -I o th* p. r
\alui of l's r.iiitnon CHtliI.il
ktock from (»n« lumdriMl
i ioo r»o dollar* ut • ;n»' e . to
Mwfntv flvr <JVIH (|..liars ivr
klisr? «nrt
< 21 Thf iticren-i
f.honri't! comnirtri raptta > f
- frrtm tI t? - prose i mnutmim
limit of Throe p' n
onoi dnllnn to ! inaMM
limit <)f fnp mi it
fWh dollar*
cr mm iNcr n’Mviv, a
C l T X1 Ml NO
Bv p rr CUM MI NO
Aitornrv f 1
Atto-ncy'x .uddrw
C.rifTin. Ororcm
CFRTint III or Ml HI 1 XHI
OK 111 Mill Mil Is
in< (iitroR mn
OfTOROIA. Srtali (
r. W VV Norm t *
nrNPKE INf'OlU’DU AT
Rv a rorpira;.; t [’rtiiu'
Cour-tv Ororsin ■b\
tha? at tlir t» i i: w.
G! thr To Id jv th*‘ if r*
‘-rkI r, ,rvMd aUvih 1v< a
r.eld Tn 'he i*f':• 1 \
en V A M *')
Tg fhrrr was i> — ‘tv.i n’Kl tvg
rrt bv fl voft* of m-'ir thjn twi
v dr t!f i l
k <if t * r f
low In f rr <’lu ! ip m
*r~ tn the* rn r<lrH nv 'I 1
WHFI7T’ AS )
pi-i *nr 1 V
KM 1
on to tlif*
A that thr
ihhari/G' 'Os
K
VuiaM'-n hr rt*ch: fr-’M' one
f 0T { AT
'-f3vr dt’H.'UT • i id
rh«* prPFf’nt f tannine • ■■ar.
. r • a pi tfll k 1 - r.PIH in
.
Mid lour i4* >hnr ot t hr* n.ir
• hifi. ivi gmmiH -fi r d ^ *lbTr^
bf 4 ism\ op in iUs1 ltu
r ^ ff’it e .“)• h i rcV ♦ hi t f'H
->1 v* that likv !■ tv 1
• ludr f nr c dJ.Ttti s
vock h.rld in flto H i MTV t>f
• ho rorpoi flt j t' ai f >t I hr*
t v\* thr < ffici r A t
prmn bo i
Mtlfo thr noros<fl:v 1 ,1 I )j-.»
(f'odinp^ to anion-! n ■hrutcr
is tn permit thr aboM »■
• mmonri^b ohnmrb • ft
«vp| * » v a v; Gif*
fV ot tl’f I t
• rrfulb < ■ jv j. o
4 l
• c!))>ru.'( :i c
■ f it nKsoxv'u.
the stocklioide^ ui Duauc
1
Mills, Inenrporstod. at tba
their rsgulsr snnuM meeting
on Goto bar 29, UK<5; alter due I
notice ot the above subject
matter to be considered, do
hereby -approve the Above rec- -|
onimentled change ot the per
value of the stock of the i
c or.t>ore ;.lon
dollars-' dQliftfr per 1 share to twentv
fivr pwr Minn* nfui
t; vrntii the .'.ubMltutlon <
i !.
lour 1 4 i thin i t. if t-hf Tif'W
f lock for each share of the aid
a. rccommendfd; and that. \$\c
atiproprtatc'officers .i if the <■<>: -
.
/portion 'be Institute authorl*pd the and here# di
rer led to
sary legal proceedings to amend
hs charier so as to permit tlih
approved change
Cti «n under m.y offlelal h»«'i
and sen!'on II i» the- 29th day a!
t>c toler, 1948
\V W NORMAN. Secretary.
Dundee Mills, Incorpjirated
(Corporate Beah
exhibit "A
( F.KTIKIt ATE * OF SI.< RETARV
or m Ni>F.r mii.i h.
INt'URPOKATtl)
OJCOROIA, .‘Spalding .County.
1. W W NORMAN, Svcretarv
of DVNDEE M!IJ<S. INCORPOR
ATKn „ porporetion of Spalding
c,., u nty; Georgia hereby cert if
j the rPi ,. u i ft f or.mml meet’- I
jn(i , „ r llif stoekholdeis , of the
„j, , r evnU1 torporallon duly SUM
pyidly eleven.'t.Vlo. heith in tin < ffirt* f
(|| It A M on Or! -her
o, () mtf;' ' there was »i f.vr-ntrd if
(lluwd , by (l { (lte 0 f hnui tliJi
twu-ttnrd- of the ou' t inning ei
j, nl s j 1M .g „ f the. corf."ration thf
j,,j| 0 \vinR rekoh'ttion m Inkmi Ver
linUm ;,„ m r ,., ( ,riled minute
( S1(W mw ti nK I
RESOLVED That tile a
tluirlmi fonimon (allUi! alork
i.f Dunrleo Mill. 1 ,. InctiriMtrftlf'd.
^auUnirtzpci la' IncrensKfi from fit* p'.Tseut
maximum limit ol
thrt'o irIIHthi rtf'-Hars to the
maximum limit of fit a mill!' 11
dollars; and that the npm'o I
prlate offices of the rpr)>ortt I
lion be itulhoiired end direeltil |
. to institute thf * n«* •• i j re.l I
.proceedings 1 n’iH ;)?l i cb.it t
ev so ns lo permit ,\'.1 -UH'T at
Given under mv -if f b l.t! I:
uui seal on (hit I In '.’nth day f 1
' vtober. 1!»4(!
W W NORM \ v t rtpary
nundoo Mills In rnonttf
♦ ('nrniT if*' Si* tl
KXII TBIT n
DRDF.it or 1 < m in j
AMFNIirNf. (ll.lRTI.lt «>l
IU Mil I Mil I >. )
I\( OKl’OK I I I I*
GEORG!\ Kim (
’N THE SUHERIOR coi irr oi
t*ai ding cOl’n rv riroRGT v
Thp f ireBdlru? P« n f i >
<’f* Mills tutor d i
in ' I SpalOmiT f, r t\ t
■ r ini'ndmrnt tnr tin
in i iK l t • i a
<• *n hirrort In * !.r t ’• ?■ } 1
.rut nnulp t.' a. :H\ir MiP (
»hnt tin* stfit’ivy 11
vvf* rgia u ruin V w
*r*rs TuiVi' hn li A i
y ith
] t ia ItPtrh ■re
» uT Tic -f ti .• D MI !
•rp< rated be amen Ic f
permit'
• 1 > Tin* miliMi ■ •
value t*f it5 r< inn ti
Ftook fmn if* I n i #
i IfnMKli <!«»! :u t
t w out v- ft'vt* ' 25 'MU I BV 'M
«vhh*f and
> nic a re.'i v
fl.oriyed t :nnmn r <'’>i
■f ' 111 thf* p: pso! mu XRirisr:
i nut f three » r
non i 11 «rs to !h mn A
limn «>r inp mil , 1
UTS
i lilt ht
t r.vii-i »
AT ('H AM BFI
■f o« h
Clips rTR \ RV \!
! j t tlo.Si (
? ■ t- A ('■ Hint V ( *’ i:tn
n<.vi 5::.7
NOTH K Ol ilTIII AriOV ID
(.1 AUDI %N tO S! I I %\|) If*
IN \ I >, 1
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A!.I.a
GRIFFIN (GEORGIA) NEWS
I
\
M* f
**
-.liflCOT
SteitoneMt (% ft X\eHt (? uicU<>,* 'putevu IfcrtwiUf Vck Poditio* V $***?
* 4 04
OBLIGATIONS- StotoAuthorizod "d\ Sept. 30, 1944
SEPTEMBER 30, 1944 Dae 31, 1940 Dae. 31, 1942 Dec. 31, 1943
t Highboy Obligations to Mature $ 8,386,214 61 $10,733,955.34 $ 8,103,378.28 $18,064,297.33
. . . • 103,3004)0
General State Bonds of 1838 3.320,022.17 3,203,202.17 937,202.17
. . • « • 5,325,000.00
Highway Refunding Bondi of 1939 5.300.000. 00 , 7.950.000. 00 7,950,000.00
. . .
$27,869441 63 County Refunding Certif. of 1931 13.333,954,73 8.000. 472.87 0 #
ji Slat* Peaiury . .......... 35,409,337 89 . 1931 . 4.880.000. 00 3.780.000. 00 2,182,000.00 1,773,00000 1
(kM>< and Cask Itenu <* t>°r*U of S'o** DepartmeM, W & a Rental Discount of 1931 ond 0
fc.Kuuolfomb 5 Govvmmenl 0" Bf ~buMnm.ni, 174)424.47 Hospital Authority Bonds of 1939 2,390,000 00 2,294,000 00 2,132,000 00
. , • 0
165.020,705 9 4 Tattnall Prison Debt 1.0 51,088.27 0
total Calk Aweti . ........... $38,541,27978 $35,961,430.38 $21,304,580 45 $25,265,797 38
Totol
♦an Coth;
Accumulated Operating Deficit . ()16,723,906 3!
EUMKkd Accumulated Operating Surplus 0 7,619,494 57 591,230 09 562,375.20
J0 .
PoyVbln $ 4.84T 665 Highway Contract Reserve 0 0 8,103,378 28 18,064,297.38
Actounti . . • 17 7,201,50000
Sinking Fund Reserves . • • 2,195,040 00 2,546,720 00 13,201,202
RESERVES . •
lot Commitm.nU OulVonding ......• ' .......... S j,937,406 06 Total...... » . , C)$!4,528.866 31 $10,146.214.57 521,895,810.54 $25,828,172.58
• . .
for Sinking Fund lo relir. Sane Bond* and Counfy CeU,fvc~i«5 (Sen nppowle Net Obligations—Stote of Georgia $53,170,144 09 $25,795,415 61
7.201,500 00 . . .
page) 3.549,736 51 Net General State Surplus ••****»•« s 591,230.09 S 562,37570
Rrger Bond Funds tor Ccm* nan . . . *
•b> Board of ts cosh deficit.
Highway Controtfs to Mature • 18,064,297 38 •Net
for Matching Federal Road Fundi accrued to S-.pt. 30, 1946 8,485,335 10 OBLIGATIONS—Regents Authorized
Far land Title Guarantee Fund........... 5,423.55 of Technology
hand 1,645,197 77 Georgia School Dormitory S S,T50,000 00
Fm Federal Funds on Revenue Bonds issued May 1, 1946 . . 3750,666
4,992,521 54 . $ 00
For Agency Funds on hand : . Total Regents authorized Obligation!
For Teacher Retirement Truit Fu^d i 4,027,523 53 lets Cash:
Unearned ' % 581,395 66 .00
for tntome ... 3,750.000.-Vi Sinking Fund Reserves
Fo> Rovolving Fund of Agencies i Net Obligations—Regents Authorized $ 3,730,000.00
For Motnfoming Aid t p Comm^SchooU . . 3,350.321 .‘9 . * • $ 3,18/624 80
Memorandum Operating t Allotments 01 Net Obligations—Stott and Agencies . . • $5?, 1/0,146 09 $25,795,415.81
Fcr . . .
Fcr Income Cguplijotion Reserve '0 Surplus—State ond Agencies % 591,230 09
. . , Net General
Total Re»t*rv«n 5 59.610 Ml 44
i $64,458,328 74 (1) —"Highway Obl.gation.--Th. amount of Slot. Fund, raguir.d to compl.tc oil tontroct. ouHtanding ond that, it a codt r«wrv«
Total Accounts Payable and Roj© *» which payable work
to liquidate this item is os progresses.
(2) -All "General State Bonds" outstanding are post due, but hove not been presented for rtdempt.on Cosh rosorv* of $103,500 00
is held in State Treasury to liquidate this obligation.
iURPcUl (Coth over Accevnt. PojOO e a d Be.r-ve. Applied On. Fixed debt, 3) . . > 562.375.20 <3)-0f the "Highway Refunding Bend." ouHtanding $25,000.00 in bond. at. po.t du« but have not boon prevented fot redemption,
$2,650,000 00 m bonds moture March 15, 1947 ond $2,650,000 00 mature March 15. 1948. Ca.h Sinking Fund 1. held in
☆ J v ☆ the State Treasury to liquidate this obligation in full.
(4)-Of the "W & A Rental Discount" warrants outstanding $18,000.00 in warrants ore past due but have not been presented fee
redemption, the remaining $1,755,000 00 mature $45,000.00 on the first day of month beginning October 1, 1946, and for
f| Nlghwoy Doportmont Conttocts to Mo»>7« Ac t. Suiperdod Totol each month thereafter through December 1, 1949. Ca.h Sinking Fund i. held in the State Treo.ury lo liquidate this obligation
f#tnl Confrocts........ $29,418,178.20 $ 568 085 59 $29,986,263 79 in full.
11,921,966.41 f5)-"Obligation. Regent. Authoriied." Payable from dormitory rental., maturing in part on eoch May 1, 1949 through 1978.
gegulor Federal Fund PartiopQhon . . . \ 11,898.447 39 23,51902 Bond, for the benefit ot 'he Geoigm
$18,044,297.38 The Regent, by exercising the power, of a corporate entity i..ued the Dormitory Revenue
Net State Obligation for Conroct. to M<e $17.519 730.81 f 544 566.57 specific of the Generol Auembly authorizing the ii.uance of these bond., nor wos the.ation .ob
School of Technology. There i. no act See Auditor', foe opinion Attorney
■■pfUg* of and Futu.e Motor- Debi Fo von. ject lo the approval of the Governor, Attorney Generol or the Budget Bureau of Georgia. notes •
3 for Summary Cutrpni g the legol of this obligation.
Zip SR©i 4 for AuditorNote, on Cron , a l .Condthor. Genera! as to status
Auditor's Notes
r : B. B. THliASHER. JR.. Stale Auditor
tOOUCTfO.N
fhi* roport of the fin < c.
> of Soptembor Ju. 1 has bi t J ill
ier to obtalti an , u iroin t y ) 6
i m to the lc<,i* 7 il I
wniod by the au.h .y D
. ,r*Uun tUJuwu >■. t‘.i- 1; i
ct Goorgla*. la U'.er , !.v tnu lugi
j
Barm# of iLla ooml n wh V ■V :1
fftiH 30. 1MB rtiurt at.a .t h
tgoy u*n*r»I I find it necessary to hum ;i> apol'igi/e to i
t j * <i of Georgia and to tin- idiii’i.i*. General As-.- Iv
niy avroaeuae yubtir kUluncut n. ide dcr date ol \ < b
ZH, 1U4A IB Which i *
o* a Hem* affect,. tin* i-n as i
la the ntw Couat l t
oposed ConatltuUou ■ d ! u ,
>»i’u ea that provided for tic t l!
latvouo Lu uaa future n row I W .5
•^er-*awioue at to tLa Imir.i ibinty c. i' >t tic
O o D j Ututloq.
■JI.WVNCUi. CONDITION
om ax 30. 197U, tho . * 1 Iris! ll-.il
**$k un Mttltol at t*n Gc *1 A mhi}, ti* over not ami
fXl. the H ifWl Ulcn^u, U# 1: nice• h (■*»'!> »
otpierobar Id « ie
$ftt< paxagraiHi m a:mo i ■
1>B UM M<WI ikii.ua Issued u
lB raaarvaa * e $8 5
ifttavirf _
to maua i . i i
m Uta SUto to B» i
•ORs.uaraUo» Ut« lu i
I • ot tb« year j 144
uiuMUraUoa x • (
t. u •y i
ot Mk i Bia
. u (Uao r d
A.ea pm ot i y 1 t
. the proce*.
t of the c* i.fr
noutut I a 1: \ r • 4
ot- e land itvj'
also in
P t A i
k 4? \ d
A j t
here n T
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,i.\ . V, i, l'.ONDS O i r i
IMiMSIIi MSII.M Ol t \
i
t.itc Aud i s Fvfquest for Le.jdl Op n
r
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Owerncr'i Request fcr Opt» on ot Aft ncy g. neu
U
1 ‘ c » 1 '*
y rr* r cd bv Mie S'atr Board or
r:' i e d Should they be listed
Suit© obligation t
A/e they iral obliy?: : .< cf r*v d of Rcgcuts?
I Are ii.ey authorized b; ie Gun^Litution and laws of Gccr
<■ p-yv er ot ,e V, to \r-6\ie seU-hqu’.datlng bonds
An*', thee reve cd or .e Regents ce* oblP
c tat t.e
hey c dsb’.s?
\r< 1(
Are the mem be: e Beard'of Regents public offi
{' ■ill ill 1 ai.iS iT&H'ictiuus of coiistitu
u Ic -V .ulio officers?
L i rd f P .ii *cr to a tion income
- the D;»m<! F :e«fs as ptuvided by law?
/V V i d verv UiMduouslv to pay the
'-J debt and w * out State obligations.
;i e •hat tt;9 dormitory bond hssue
H T qe jui-.itued up against the Sta^e govern-
1. ..reiiver, for bookk<'eping purposes, the
BAp-Cls tr. LeJ*- n should be definitely deter*
Attorney Genern! s Opinion
Under d; I'f" 18'! snd 24’h ! «4fl Attorney General
F L ; -.hc towing epu ion cm the questions
re»' F co: •nee ot the reade:. your State
* be p ed in BOFD TYPE the para
e opin s of ihe Attorney General on
•o QUfc i.
ot Or : ela on J iy 2R 1934. in the
"t of i Regents of the Iniversity System
. < a P ^10* ii v ;scd on qnPFtmns very similar
-UtRMl’ 1 ion rela’mg the laws govefn
\ h eg.fhts. In this c.i e t;.e Court held as
I Uie Ur.txf 7 ? of Georgia is a*
!.i P' j a i,d is governed by a Board of Re
T •f<t i ran exercise any power usually
>'<i t orations, nece ry to Us usefulness.
.i the CGnstltutlon and laws An obll
«- rpora • ion. or the Board of Regents
late, and evetore is not affected by
is upon S ate indebtedness.*'
*ei as made by the corporation and
1! fl v. .rii •he Federal Government under
jrd by the Rejents and purchased bv
purpose of p ding funds for stated
cIn to be paid e\- l ively-out of do
I. if. ve arri any illegal undertaking
d Reg ■ la within the pow
aftc. i a: d its Board of Regents by
1 tie court prope: refused to enjoin
« r agreement
to r■' * romplfie answer to your
f July 28. 1934. Our inquiry is theie
; , , , . , : , e jaws have been
uent to the da’e of that decision In
ie j mint rf Court Inopera*Ive
deterinlre his question. It becomes
subicque o July 28. 1934.
A- semb’v parsed ail Av * v tGft. L. 1235.
v .,!fi in part is follows;
i rea ed under section 45 of th® Act
a j f iiux oi ed in title 32. seition 32
rpj.v of 193.1 , and known as 'Regents
n> of CirorKia.’ is hereby declared to
.r v of tn® SiH*e of Georgia, and a.i
I rp^’ra'mn und r ‘.ild A t f August
.a-ti’lc .1? cf the Ode cf Georgia of
; to be the property of *he r»* ite of
»v alt *he Itnutaiior.s end restrictions
pn. i v ol iiie vS'u-e of Georgia by the
s S’i«te. Jhe members of the
•he Uniters n of Georgia £
r Act, are hereby declared to be pub
! l G*^or« \ and suhiec in all their
bn - at ions d re^trletiona !m
G <rn ar.d laws of thus Sta'e upon other
P
i- tes and pr reed f the sale
o* Ie, rti d .. :.d remitted •he Secre
r . • , ; .i r Regent • who sh • 11 trananiit
11 Ti-Msurer r*nd tie same are hereby
UJ r appropriation to the branch or
6! 1 l *v Gvsfero from which they orLJnafe,
’ .e Treasury upon a requisition Just as
d Ihe pr ceeriN from dormitory rental*,
r or* Is of nthletic contests, and other
-roam with the institution originate*
e and *h i be pa Id tr.to the Treasury under this
\ A r. ho‘ever shall be reported to the Sec
r 's 9 ud of Regents and shall be avail
C« tcv the Gcnei.tl As embly and to tha
r i ;\jl such revenue is declared ti be un
Board t RCkLpu' which control may
d through such a'*h!etic issoclations, or
Ay *dthorire, r- ,u ded. such avgoeiattona
tn a."a;» subject to the control of the
I c Fie
' ’ * clear’? chanttcd the 1 w as dealt wOh
State i*f Georgia %». Rnrents uf the Iniveraitj
‘ A >\ Georgia. » t il , »upn in this tfleci ee Ramsey
ll.imMtPii ,1*1 Li p 3(p, decided October 19. 1935, tn which
.d
f Ga l IKS p ht s*s* is e»r
er at v Bv stein cf Geotgia is declared
K0V ®' Agency of the «tat* ol Georgia, ar^
lirld bw the sms to be 1 a th# State
r® a t the said regents Is m effec* a auit
«' ^rsfa. and cannot be maintained wlth-
1
! n rv :** 4 e *he Cout tn deaMnff with
i* a intent on this quevlon. sta’ea
rrent hi.f-rv ibei lh* Act of JB.•> from
i® - . »rtop-d h* the ticker.) A - f mtrt-.
i A ■' i»*l 13 - iio'cruoi lor th* puri*iM of chengltif
etiti’i tt,- Ri-i.ine of th« DnlvcreiC'i
V iTD! ■an ,6 i , th* Ate'* unrtet the pievtou*
In decision of this four'. In stet*
. th. p»..esc of thet Ac' It t. ap
® \ i nn of Geo V
J e ®ft
V 4 4 V U V l hi*| 1**
* M b thr I vrrtitiTr
a governinentrt agency of the 8U*e in charge cf property
of which tha title ls in the State. ’
See also, State of Georgia vs. Davidson, 198 Ga
p. 27.
However, on lebruarv 1. 194f>. an Art wan approved which
repealed in its entiretv tho Act of 1'>J3 above referred to^ and
in addition thereto provided as follows:
• fhe status of the title to the property and the status and
of powers of the Regents of the I niversity /'stem of Geor
gia and of the Board of Regents are hercbr restored to the
full extent as If said Act had never been enacted ’*
1 It seems clear that the Legislature has manifested * posi
tive intent to restore the statu* of the Regents of the I Diver
sity System and of the Board of Regents to the same position
} they, ht-lil wlien the case of State of Georgia vs. Regents of
thp University System «f Georgia, supra was decided by the
Supreme Court of this State. In other word*, after the passage
ot the Act of Februaiy 1, ID4«. the Regents ot the Iniversity
System of Georgia again became a distinct corporate entity
1 governed by a Board of Regents. Thii would mean that an
obligation incurred by the corporation or the Board of Regents,
is not a debt of the State, and therefore is not affected by *
constitutional limitations upon State indebtedness
Ihcre Was anothe: change !n the law since *he decision in
S*ate of Georgia vs. Regents of the University System of Geor- l
gui, .supra, which must be considered in order to determine ;
V fie’her or not that decision should be operative under existing
law. On AuguM 494S, y.hen the Constitution of tins S’ute
W ! c-used. the following pA*rttncr.t provisions were inserted
'herein In relation to the Board of Regents, Tn Paragraph 1
Scv*. n \ of Article 8, Ihe following provisions aie btated
“There shall be a Board of Regents cf the Unlver v S.V5
tern of Georgia, and the government control end manage
ment-of the University'’•’S eiu of Georgia ard all of Its in
nt.itutions in sa-.d system rhali be vested in said Beard of Re
gents of the University S'- stern of Georgia. . . The said
B-ard nf Revents of the University S\ tern of Oenrgie shall
have'the power* end d les as provided by law existing at
r iie tune of the adoption of this Constitution together with
such further powers and duties as may be hereafter pro
vided by law.'
Two quest s arc .Immediately pc ed bv.*he abo'e pr i
of the Constitution First, dbc, the fact that the government,
control and management of the' University System and hs in
.ors are \ ert ;:i a Board of Recents necescar.lv prevent
t ud Board of Regents from operating this system through
th® Regent* of the Uni ver y System of Georgia as a dis'inct
S corporate entitv as was done ct the time of *he decision tn
1 S ate of Georgia vs. Regents cf the University System of Geor
gia, et al?
My answer tn this question fs that the constitutional pro
vision above referred to doe* not prevent the Regents from op
erating as a corporate entity as provided tor by statutory en
actment. The mere fact that the control and management of
the Iniversity System are vested In the Board of Regent* h*
the Constitution does not in rov opinion prevent or prohibit the
Regents from" operating a* a distinct corporate entity. This
poir.v of law was passed on in
State of Georgia vs. Reger,-* of the Univ. 8y&um of Geor
gia, supra.
where on p 139 of ihe opinion *he Co ir dc.a^t -pec.flcu’.’.v w.th
a statute v , h Is similar to the c< hs* jtsor.al provision now
under consldei at mn. I lie Court q joted Section 48 of the Act
of 1931. and held as lollops
‘*B.v Section 43. as In case of the former trustees. It was
provided tnat !.e government of the Univers.ty of Georgia
ar.d ail of j*‘s branches Is vested in a Board of Reget.ts.
. It ls ft ec- the Regent.* of the UdiversR? Sys
tern of Georgia is a d lnct corporate entity, though con
troi.ed by a Bo. rd of Regents which ts designated as % de
partment of the State Government.” I
F'rom the above derision of the Supreme Court, I am of
Gee opinion that Ihe constitutional provision cfoi* no more than
make the Board of Regenf* constitutional officer* of. thi* State,
a mi a* such, the Board of Recent* hecomei a department of
the Male government .However, in keeping with the decision
of the court, thl* floe* not mean that the corporate entity
I* a department of Slate It therefore follow* in my opinion
that the decision of the lourt Uearlv applte* to the constitu
tional provision do* under consideration, vlnee thi* prorUion
i* eery similar to the statute <Section 32-lit of the Code of
Georgia) ehieh the Court h-ad under consideration Smee this
i* true, ft must necessarily follow that the corporation is fully
authorired to enter into an* contract or issue revenue bonds
which, in its teasonahle discretion, mav he necessary for the
usefulness of the University System or any one of its institu
tions This liability incurred in the corporate name is not •
liability of Ute Mate, but rather a separate legal obligation
of the corporation.
The second Inquiry concerning Mie constltr.tinnal provision
which provides ’hat the ‘ Boh id of Regents ar.aii have the
powers and duties as provided by law existing »t the time of
the adoption of this Constitution, together with such other
powers ft ml duties i* may hereatter be provided by Jaw** does
not. in my opinion niCBii that the provisions contained in the
Act of 1335 are permanently retained as powers and duties of
the Board of P^centn. Tha framers of the Constitution were
larrful to provide that the Board of Regents should not only
L«i\e ’he power; and duties ex.sUne at the time of the adop
tion of the Constitution, but that the said Board was to have
such further powers and duties which rtuy be subsequently
provided by law. The Act of 1935 primarily deals with the
M»tu. of the RtjMls »ntf tho member, of th* Board ot Re,
Rente over S!ut. property. As .-.hoevn by th* c.ptlon of the Act.
another purpo.e of tm» le.-i.I.tion * 1 . "to limit and re.tnct
the p .ner* olUh# of the Itegem, of th* Universtiv Sy.tem *nd the
.nember, Bnrd of Regcnta" On th* other h»nd. It *.cms
that tltf Comtlturton d-jire to pro'ee! .11 power, *nd duties
.< -re Ttnerd uf Reject! end to be -ur. thet thi, eutl-.ortty le
not later take- eosy from the Board by eub.eguent legislation.
The Act of 13*6 ui repealing th* Act of 1835 does not euo- I
t xv ;»llv lake sm' a previcua authority which the Board
cf Fegn' s ms hsve had. but on th® cor.*rar>. this Uttar Act
t • repealing the Act of 193.4 with Its limit and rt«*rlcf!on on
M e power* of th® Board »r*uu. If anvthlng. to enlargt the
sco;v of the powers and riuMe* of th# Beard of Regenu This
I* c®*-a!nly in keeping w!th the Ut>r part of th# constitutional
provision wTh'^h *»u»horu®s th® L®8U’®Uire to grant turther
power* and duties to the Board of R®gen*s.
The above rop'trnction of th® Con"MHihon .seem® to be in
line with tn® weight ot authority on the aubtect.. In Am Jur.
at page t><*re ara numerous cases cited on the foliow
lirg proposition
*’H ts proper tn auum# tliat a GonstHuflon la fntandad lo
vert and l»t applied «<• new conditions and circumstance* as
mv w tl)® c ® cf progref* of tha ccmmunitv,
e c ■' ’ a d®t e i iv «0
ix pnbli ho#l K <vf ^ijblir irtFot rn ;
\ r»l Chr \ a 1 1 * nf (•''Ot Z ,:1 V
'"W?
TuesHay, November 12, 1946
$. e our »rit:rn consr.futions, by !nterpretst!««, such Ilex
.bi'.av a? ■aill bnnp tbrm into accord with what the courts
believe to Ue public ini**»-est *’
Applying the rule of thxJMlity to the stated provisions c
»}ie Constitution above, It seem® that wo should give grt
u .shi to the cpinjun ot the Legislature in reference to definun;
what -matters are bclieveq to be in the public interest. 1*
•#QuUt be a ratner harsu r..ie >o ng.dJy apply the Constltutlc
to : ich an extei.t lhal the Leg. .aiure would be puaeries* t .
pr. m ite public imeres-t by future legislation, uales^ of oour&s
such legislation was m canfiict with the CoustUuuuO.
| rom tlie above provisions of law, 1 am of the opioieu Uui
the Mate Boatd of ttegrnl* are cowstitutional olficers ot lUi*
Matt, and .is such as subject to ail Mate laws anu regulations
However, the Kcjjents of the l Diversity System of Georgia i»
a distinct corporate entity ami is subject to the control ol thr
board of Kegenls. The decision of the Supreme Court in Stale
• t Georgia rs. Kcgents of the L Diversity by stem, supra, la now
in full iurctt and eticcl under the laws existing at this time
It therefore tollows tnat the revenue bonds issued by the State
board ot Kegenls m its corporate capacity aie not obligation^
ot the slate, these bonds do not create a dtbt against the
Mate. On the contrary, the corporate entity had the authority
^ o enter into these contracts b> virtue of section d2-l«l ot the
, t ode of Georgia which granted to the Board ot Regents the
power "to exercise any authority usually grauted to such cor
poration. necessary to its useiulness. which is not in conflict
with the constitution and taw a of this Male.’
\ oil ask the further question of whether the power of the
Regents to issue sell-liquidating bonds is unlimited. The Court
in Mate of Gvurgia vs. Regents of the Loivcrsity bystem, supra,
xetns lo give a satisfactory answer to this inquiry. On page
.’lb of the , yyi pion the Court holds;
>o long as the board does not exercise its power caprtn
OU>i> urbitrariij* r so as to thwart the purpose of the
U*$3i*vwsfc ilk «>*vat»li>hiikg % system o\ universiVy education'
the Po4rd itseii must' dctcrmiim what is necessary for the
usefulness of the system, and thus will govern the Lniversity
of Georgia and its several brauebe*. 1 be powers grauted are
bro4ti ami cumpr* hensivc. and, subject to the exercise of »
wise and proper discretion, the regents are untrammelled •*
wpt b> such rvstiAints of law as arc directly exp;es»ed.
necessarily implied 1 be legislature does not pretend to §uv
cru ihe system, but nas mtiusted this responsibility to the
Board of Kcgents."
it is my definite qpinioo that tha member* ct tha Mate
Board ui Regents arc public otficials and are subject to all
limit.ttion* amt rcstmtioni ot law to the same exteut a* ottier
public otiiciais ol tin* Mate, ihe members of the Board of Re
gents arc comtitutiotial officers, isee Far. 1 of hectfon 4 at
Article A ot the Cunstitutioa.i *
Iht Legiftla - ute has i.kewi.e declared the Board of itegem*
‘ • c< ::sG ac a d'p : mei.t v: :.e Btute goyerntuent ul Georgia
ovc cuac oeciiuu -i-iUi./ To the same enect, see
©•ate of Georg V s. Regent of the L'ruirr.sity System of
Georgia, l.J Ga. p. 21U. a i>. hil8, wue.re t,h» Cudrl held.
1 tnus seen that the Regents of the University 8) itm
c h‘ d. Voidie entity, ihuugn cuiurouedi b.. *
^ Loe:u ut Rcgciiig \st.io.u u des»giia;ed m a. dep&rtnient c .
the £»tu;e Gw cu.uicui. '
V -4X ifeot.a inquiry Is whetber the B.-aid of Regents ms
tiansier to « cu rpora non income received uy the Bo«:d of Re
63 provmfco by law. You ala tnu tur* quesuoa is sup
p.emeut. 1 to thotve propounded in your leu er Of GCtooth' 10. 194 't,
hi. a i tf.L.tiujL . ’-I..,: our quesu lou g dueciiy related
:u iTie ,5*u.;nct o! rc.ei.ua .?■ ircuies by tn« Boara ui Regams
. . u.r uu. u* id (4)1: opcv.Gca *n. 7Uie aen.fcu liotu pauscHiat
p* ope* i,
id Mate of t.eorgu v*. Regents of Lnivt-rshj, supra, the
Couri. neia ihe me uctida do not couaum.© general ounga
irons, b are pa; at7ie cl peuai lunu ihe Cuuri
n tritt- case, cum cd uy nuiuuig Ural me as a cur
purauuu we*,e auUvorueo. lu pay s’.iv tv Uulais ouv ui Uit sUp'«*
.aiea iucume, uui mat . he payment ol any ol these uond*.
*ruiu tn® tricorne a- pk-ug- d fhuu.id by any cnance cause turn
.» uraru upon ;«e rosy am he aiiected iusiiiuuon that it
liiigikl ue .ir need ot mc.fi. u uppiupr rat runs ui. order to tunc
,.iiu piupei iy ai* wa till.. ■$ . ihe F au would j>tni ue
.'... .D . i. j t Ui. .> ;uu Lo j u\e ut .jviu, evta Uiwugh n might
uteiru a> tiu arid ac.uu. UU
t rum the re n,.,g o Cuurt adi ed in U.e aouv#
nuu li.vl t gc a aa ^ corpotaie er.my nas uae
ui cr uiu »i ea uhu a.surne *> h Laic uetp upeer
.grtaicu *ot he payment, ol thrae certificaies. il should b*
p- inieCi cuv in vhis connect u Ural tae supreme Court ueaiuqi
v a inis qutsuun placed certain liuiiiauuu* and reslricuons
c u U auiuunti -ui cut iiuaui. on pa^e .’lo uf the abov't opin
GJ. ne court ntlu.
U ■s iuiti.tr tiue that he corporation, by and through
the Buaru ot Regent ixiitoc any puwer usuaay grauted
to .me vorptiaucn.N. whan rs nece^ary tu the Uieiulneaa oi
u.c paiiituiir eulpurauun and i» uuv m tunllict with the
laws ol this Stale, so iuhg .»» the buaiil doc« nut exercae . ,
power* iup»ii.iuu 2 >*/ ur arbi rauly. or i»o a* to thwart the
pulp".-', < i tla *ign*.aurc ia i-j. ubiiahiug a system oi uni
veioity iducatiun. the bourd itaeli uru*t determine what u
i.tu' . <.r j lor tlie u.seiuinta^ ui the i.yatein. and thus will
» >cin me Uuiuisdy ot and ih several oraache*.
ihe powers granted u;e broad and coruprehen&ne, and, *ui>
Jc . to the txcrcise ol a wise and proper discretion, the re*
geiuo arc uiUiaUiiueled t \cipt by sucti restraints ot law as
are d.recilj exprcs^ui. or ntxeiaAruy wipUed. ihe legisla
ture aoes not pretend to govern the s:stem, but has entrusted
this responsibility to the Board ot Regents."
1 h * „ «»-'« * »« , » . "““"I «>“* . . »• -uthon.ed .. . .0 pled,.
»* ,,, » »»Pv»P' »>«6 “J ‘he l.e,„Uturc or t, ora , 00l e ether
i 0 “ r "- 0 l,H; P“'P”‘t *p««I'c»»7
*e.i*u.ted by lb* wrp»r»li»o iur ,ucb .urpu.e, u p.y *ny In
■'eftedne,. Al ' "p 11 * "el created direcl by y lh* collected i.eu.iire Uy eMhr.e the React, .e.cnue .» . eertltu.ic, eorpm.t.
* ,>u '* Be .object l* the u» preyleion, of too a, jo>
cm .U other .pproprl.tlon. made U. to* '.omU *..n«bly a it
«W>-psla»Mi* >”«“• *» O*. Oearral AeermPly ebeuld *. .-»A*
tn the Board of Regents who are constitutional and public of
ficials nf Ibis Mate, lbe Board of Bcgents ss such public o!G*
vials would not be authorized to transfer such appropriated
funds to the Rrgrnt# of the University System of Grorgu to
liquidate on; indebtedness resulting from the issuance of thr*«
revenue eortlflrstes. These eertiftratee or bond* are payable
only from the pledged income, and as staTed bv thr Supreme
i ourt on page £22 of its opmlcn In state of Georgia vs. **■
gents >f the University sjstrm. supra.
"Regardless of Ihe stipulations made, thr sutr ol Georgia
could never be railed upon to pay these bonds’’
I am therefor® of the opinion tn Keeping with the »hn«e
rirciston that the Board nf Urgent* would not be autlioriird tn
transfer In ptnr received bv the Hoard of Krcrntv to the rnr
peiation in n'»e®tt®n f»>r the puypos® of liqiudutD g the rev
« nut b o r d p- ev f«n>tv i*Ailed bv h.vt eprt>'»rati«v
tb # ' G not «*vn vt 4 t* t* t* ' "•'*! 1) p*|
I