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Newspaper
Butler Herald
Location
Butler, Georgia, United States of America
Date
May 22, 1941
Page
12
Georgia voters will decide on June 3 1941 whether Calhoun County may issue Funding Bonds to pay off existing warrant indebtedness and retire it while operating cash only. The proposal details fiscal authority powers checks taxes budgeting and bond validation with two thirds legislative approval before ratification.
The proposed amendment authorizes Oglethorpe County to issue Funding Bonds to refund warrant indebtedness and retire it within thirty years. After retirement the county would operate on a strict cash basis paying bills by checks drawn on county funds. A special election will determine if bonds are issued with tax levies to cover principal and interest.
Governor Talmadge proclaims a statewide referendum on an amendment to Article 7, Section 7, Paragraph 1 allowing Sparks Adel Consolidated School District of Cook County to issue refunding bonds up to 22000 dollars to retire past due and due through February 1, 1945. Ballots will read for or against ratification with certification to the Secretary of State.
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