§ 48. Improvement bonds.

Be it further enacted, that the mayor and council of the City of Riverdale are authorized and empowered to call elections by the qualified voters of the said city, in accordance with the provisions of the laws of Georgia at such time or times as said mayor and council may designate, to determine whether or not bonds shall be issued by said city for the purpose of providing funds to pay the expense of paving, repaving, improving or re-improving any or all of the sidewalks, streets, alleys, avenues, lanes or other public places or any portion thereof, in said city, for which said city would be liable under the provisions of this act, and for the purpose of providing funds for the paving or improving of street intersections and for the payment of the assessments against said city as provided for in this act for which the city would be liable by reason of being the owner of land abutting upon any of the streets or sidewalks paved or improved under the provisions of this act, and for the purpose of providing funds for any other expense for which the said city would be liable, either in whole or in part, by reason of such paving or improving. Said bonds are to be issued under the general laws of the State of Georgia with reference to the issuance of bonds by municipalities and said mayor and council are authorized, empowered and required to levy and collect a tax annually, in addition to all other taxes authorized by law, upon the taxable property of said city, a sufficient tax and sum to meet, pay off and retire any such bonded indebtedness that may be incurred under the terms of this act according to the manner of the issuance of said bonds; and according to the terms, stipulations and tenor of said bonds providing the sum raised for this purpose shall be used for no other purpose whatsoever.