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Resolution Act No. 204
House Resolution No. 428-907
A RESOLUTION
Proposing an amendment to the
Constitution so as to create the
Donalsonville and Seminole County
Industrial Building Authority; to
iprovide for powers, authority,
funds, purposes and procedure con
nected therewith; to provide for
the submission of this amendment
for ratification or rejection; and
for other plurposes.
BE IT RESOLVED 3Y THE
♦ general ASSEMBLY OF
GEORGIA:
SECTION 1
Article V, Section IX of the Con
stitution is hereby amended by add
ing at the end thereof a new para
graph which shall read as follows:
“A. There is hereby created a
body corporate and politic in Sem
inole County .to be known as the
Donalsonville and Seminole County
Industrial Building Authority,
which shall be an instrumentality
of Seminole County and the City
of Donalsonville, and a public cor
poration and which in this amend
ment is hereafter referred to as
the ‘Authority’;
“B. The Authority shall consist
of seven members. The President of
the Chamber of Commerce of Don
alsonville and Seminole County, the
Mayor of the City of Donalsonville,
and the Chairman of the Seminole
County Board of Commissioners
shall be ex-officio members of the
Authority. In addition the Board
of Commissioners of Roads and
Revenue of Seminole County and
the Mayor and Council of the City
of Donalsonville each shall appoint
two members who shall be eligible
for a term of five years and shall
be eligible of re-appointment. Va
cancies shall be filled for the unex
pired term by the said Board of
County Commissioners and the
Mayor and Council of the City of
Donalsonville as applicable. A ma
jority of the members shall consti
tute a quorum and majority may
act for the Authority in any mat
ter. No vacancy shall impair the
power of the Authority to act.
“C. The property, obligations
and the interest on the obligations
of the Authority shall have the
same immunity from taxation as
the property, obligations and inter
est on the obligations of Seminole
County or the City of Donalson
ville.
“D. The powers of the Authority
shall include, but not be limited to
the power:
“(1) To receive and administer
gifts, grants and donations and to
administer trusts;
“(2) To borrow money, to issue
notes, bonds and revenue certifi
cates, to execute trust agreements
or indentures, and to sell, convey,
mortgage, pledge and assign any
and all of its funds .property and
iiK-ome as security therefor;
“(3) To contract with political
subdivisions of the State of Geor
gia and with private persons and
corporations and to sue and be
su*»d in its corporate name;
“(4) To have and exercise usual
Dowers of private corporation ex
cept such as are inconsistent with
this amendment, including the pow
er to appoint and hire officers,
agents and employees and to pro
vide their compensation and duties,
which officers and agents may or
may not be members of the Autho
rity, and the power to adopt and
,'fnend a corporate seal and by
laws and regulations for the con
duct and management of the Au
thority;
“(5) To encourage and promote
the expansion and development of
industrial and commercial facilities
in Seminole County and in the City
of Donalsonville so as to relieve
insofar as possible unemployment
within its boundaries, and to that
end to acquire by purchase or gift
any building or structure within
the limits of Seminole County, suit
able for and intended for use as a
factory, mill, shop, processing
plant, assembly plant, or fabricat
ing plant, including all necessary
and appurtenant lands and appur
tenances thereto, and all necessary
or useful furnishings machinery
and equipment. Such acquisition
may be through the acquisition of
land and the construction thereon
of a building, including the demo
lition of existing structures, .or
through the acquisition of an exist
ing building and the remodeling,
renovating, reconstructing, furn
ishing and equipping of sPch build
ing;
“(6) No building acquired here
under shall be operated by the Au
thority but shall be leased or sold
to one or more persons, firms or
corporations. If sold, the purchase
price may be paid at one time or in
installments falling due in not
mere than thirty (30) years from
the date of transfer of possession.
The lessee or purchaser shall be
required to pay all costs of operat
ing and maintaining the building or
buildings and to pay rentals or in
stallments sufficient, together witn
other revenues which may be
pledged for the purpose, to. retire
all bonds, both principal and in
terest, and to pay all other ex
penses which the Authority may
have incurred in connection with
the undertaking.
“(7) To accumulate its funds
from year to year and to invest
accumulated funds in any manner
that public funds of the State of
Georgia or any of its political sub
divisions may be invested;
; “(8) To designate officers to
sign and act for the Authority gen
erally or in any specific matter;
I “(9) To do any and all acts and
.things necessary or convenient to
| accomplish the purpose and .powers
of the Authority as herein stated.
i “E”. The Authority shall not be
authorized to create in any manner
any debt, liability or obligation
against the State of Georgia or
Seminole County or the City of
Donalsonville.
“F” The members of the Author
ity shall receive no compensation
for their services to the Author
ity:
i “G. In order to finance any un
dertaking within the scope of its
power or to refund any bonds then
outstanding, the Authority is here
by authorized to issue bonds bear
, ing rate or rates of interest and
maturing at the years and amounts
! determined by the Authority and
the procedure of validation, issu
ance and delivery shall be in all
respects in accordance -with the
Rr ?nue Bond Law (Ga. Laws
11937, p. 761) as amended, Ga. Code
! Ann. Supp. Chapter 87-8, as if said
obligations had been originally au
thorized to be issued thereunder,
provided, however, that any prop
erty, real or personal, of the Au
thority may be pledged, mortgaged
conveyed, assigned, hypothecated
'or otherwise encumbered as securi
ty for any lawful debt of the Au
thority. The Authority may execute
any trust agreement or indenture
not in conflict with the provisions
of this amendment to provide secu
rity for any bonds issued as provid
er herein, and such trust agree
ment or indenture may provide for
(foreclosure or forced sale of any
property of the Authority upon de
fault on such bonds either in pay
ment of principal or interest or
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■tew,,..
Nova 4-Door Station Wajon
jestuw longer,mppier uves
VT.ut a new kick you’ll get out of going places m this
one ’ And what a solvent feeling you’ll get as the savings
on upkeep mount! There’s a full line of models, includ
ing three wagons. Basically, we’ve kept Chevy H’s
liveliness and roominess and easy loading ways. Kept
its crisp looks, too (with a bit of freshening here and
there). The changes we’ve made weren’t for change’s
sake, you see—but for yours. Just for a sample: the
brakes are self-adjusting. The new Delcotron generator
gives you more electrical reserve power and helps your
battery reach a vigorous old age. The Body by Fisher
See four entirely different kinds of cars at your Chevrolet dealer's... Chevrolet, Chevy 11, Corvair & Corvette.
SEMINOLE MOTOR COMPANY
PHONE JA 4-2317
| under any term or condition under
which such bonds are issued. Noth
ing herein contained shall be con
strued to create a right to compel
any exercise of the taxing power of
Seminole County or the City of
Donalsonville, to pay any such
bonds or the interest thereon nor
■to enforce payment thereof against
any property of Seminole County
or the City of Donalsonville.
“H. The Authority may author
ize additional bonds, for extensions
and permanent improvements to
any industrial building acquired
"hereunder, to be placed in escrow
and to 'be negotiated from time to
time as proceeds for that purpose
may become necessary. Bonds so
placed in escrow Shall, when sold
and delivered, have such standing
with the (bonds of the same issue as
may be provided in the authorizing
proceedings.
“I. No bo'nds except refunding
bonds shall be issued hereunder
unless the Authority shall have
found and declared that:
“1. The (undertaking for which
the bonds are to be issued will in
crease employment in Seminole
County or in the City of Donalson
ville.
“2. The lessee or purchaser of
the building or buildings involved
will not by virtue of establishing
operations in said county or in said
city, reduce the number of em
ployees employed by said lessee or
purchaser elsewhere in the State
of Georgia.
“J. No moneys derived by the
Authority from any source other
than gifts and contributions from
private individuals, firms or cor
porations shall at any time be used
for entertainment, or other promo
tional expenses.
“K. Should said Authority for
any reason be dissolved, title to all
property of every kind and nature,
real and personal, held by the Au
thority, at the time of sluch disso
lution shall revert to Seminole
County and the City of Donal
sonville subject to any mortgages,
liens, leases or other encumbrances
outstanding against or in respect
to said property at that time.
“L. This amendment is adopted
for the purpose of promoting and
°'nxnding for the public good and
104 WEST 3RD STREET
DONALSONVILLE (GA.) NEWS THURSDAY, OCTOBER 18, 19C2
welfare industry and trade within
Seminole County and reducing un
. employment to the greatest extent
I possible, and this amendment and
any law enacted with reference to
. the Authority shall be liberally
construed for the accomplishment
of these purposes.
“M. This amendment shall be ef
fective immediately upon proclam
ation of its ratification by the Gov
ernor and the first members of
the Authority shall be appointed
>.v3tihin thirty (30) days after such
proclamation.
“N. The General Assembly may
by law further define and prescribe
the powers and duties of the Au
thority and the exercise thereof,
and may enlarge and restrict the
same, and may likewise further
regulate the management and con
duct of the Authority. The Author
ity shall be an instrumentality of
Seminole County and the City of
Donalsonville and the scope of its
. operations shall be limited to the
territory embraced within said
county. The General Assembly
Shall not extend the jurisdiction of
the Authority nor the scope of its
operations beyond such limits.”
SECTION 2
When the above proposed amend
ment to the Constitution shall have
I been agreed to by two-thirds "of the
I members elected to each of the two
branches of the General Assembly,
and the same has been entered on
their journals with the “Ayes” and
“’Nays” taken thereon, such pro
posed amendment shall be pub
lished and submitted as provided in
Article XH'I, Section 1. Paragraph
I of the Constitution of Georgia of
1945, as amended.
The ballot submitting the above
proposed ameno’ment shall have
written or printed thereon the fol
lowing:
“For ratification of amendment
to the Constitution so as to create
the Donalsonvile and Seminole
County Industrial Building Author
ity.
“Against ratification of amend
ment to the Constitution so as to
create the Donalsonville and Semi
nole County Industrial Building
beauty lasts longer, too; air pushes rain and wash
water down through the rocker panels (where most
rust begins!) in a clever new flush-and-dry system. The
ride is smoother and quieter because of a large number
of small improvements we’ve made. And things are a
lot plushier inside. Now you’ve
read this far, haven’t you? Isn’t Wirw
that good evidence that Chevy " W
II is made for you? The clincher
will come when you take the
wheel at your Chevrolet dealer’s. the make mere people depend on
GET THE NEWS WHILE
IT’S STILL HOT!
* * *
Hear about it when it happens
BO McLEOD’S NEWSROOM
On Radio WOOF
Coming in strong on 5,000
Watts, ar 12:00 noon each
day, Monday thru Friday
Don’t be the last, be the first
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LEE’S Upholstery and Trim
Shop: new location at his
home, on Knox Avenue. Call
JA 4-5277 for bids, service.
Authority.”
All persons desiring to vote in
favor of adopting the proposed
amendment shall vote for ratifica
tion of the amendment and all per
sons desiring to vote against the
adoption of the proposed amend
ment shall vote against ratifica
tion.
If a majority of the electors
qualified to vote for members of
the General Assembly voting there
on in Seminole County shall vote
for ratification thereof, this a
mendment shall become a part of
the Constitution of this State. The
returns of the election shall be
made in like manner as returns for
election for members of the Gene
ral Assembly, and it shall be the
duty of the Secretary of State to
ascertain and certify the result to
the Governor ,who shall, if such a
mendment be ratified, issue his
proclamation thereon.
GEO. L. SMITH H
Speaker of the House
GLENN W. ELLARD
Clerk of the Ho'use
GARLAND T. BYRD
President of the Senate
GEORGE D. STEWART
Secretary of the Senate
DONALSONVILLE, GA.