I f ) 1 BONDED DEBT of the STATE of GEORGIA And Its Subdivisions As of D ecember J I, 1929 DEPARTMENT OF AUDITS, Tou WISDOM, State Auditor, State Capitol, Atlanta, Georgia. BONDED DEBT of the STATE of GEORGIA And Its Subdivisions As of Dec~mber 3I, I929 DEPARTMENT OF AUDITS, ToM WISDOM, State Auditor, State Capitol, Atlanta, Georgia. FOREWORD The total bonded debt of the State of Georgia and subdivisions as compiled frow reports of the county, city and town officials as at December 31, 19~9, is shown in the summary on page No. 3 of this report. The detail information relative to the county wide, School District, City and Town bonded debt giving the informa- tion by county is shown beginning with page No. 4. All ques- tionnaires sent to county officials have been answered and out of 58~ questionnaires sent to the cities and towns of Georgia, replies have been received from 31~ which includes the majority of the larger cities and towns. ' Information relative to the Bonded Debt of the State of Georgia and its subdivisions is being constantly requested and I am impressed with the fact that some central office in the State Capitol should be designated to record the information relative to State, County, School District, City and Town bond issues. The office of the Secretary of State would seem to be the logical place for the keeping of such records. Section ~~3o-31-3~-33, page 93~ Parks Code, Codified from the Acts of 1876, page 1~, is a law requiring this information to be furnished the Secretary of State and to be recorded by him, but the law is very vague in its meaning and it is suggested that the law be amended so as to require that this information be furnished the recording office designated. ToM WISDOM, State Auditor, Atlanta, Georgia, December ~0, 1930. SUMMARY BONDED DEBT OF THE STATE OF GEORGIA AND SUB-DIVISIONS AS REPORTED AT DECEMBER 31, 1929 -sTATE WIDE VALID DEBT-(State Treasurer's Report) Bonds issued under act of 1914, $138,000.00 due Jub' 1, 1935, $200,000.00 on July 1, each year thereafter until July 1, 1945, on which date $1,525,000.00 mature Interest rate 41%- ____________________________________ $ 3,463,000. 00 Fifty-Year obligations of State University Act 1881. Interest rate 7%-------------------------------------Fifty-Year obligations of State University Act 1898. Interest rate 31%-----------------------------------~Bonds issued -dnder Act 1889, beginning 1917 $100,000.00 per annum. Interest rate 31%----------------Bonds issued under Act 1921, due Jub' 1, 1945. Interest rate 41%--------------------------------------Bonds issued under Act 1925, due July 1, 1946. Interestrate4i%-----------------"--------------------Outstanding past due bonds________________________ _ Land Script Fund University of Georgia. DeClared Debt interest rate 7% per annum paid to University of Georgia----------------------~--------------------Constltutlonal Debt University of Georgia. Interest rate 8% per annum paid to the University of Georgia__ 282,500.00 9,000.00 533,000.00 173,000.00 226,000.00 3,500.00 90,202.00 I 100,000.00 $ 4 ,880 ,202 .00 COUNTY WIDE BO~ED DEBT- For Court Houses and Jafis __________ $ 1,987,200.00 For Roads and Bridges _______________ 22,312,989.99 For School Purposes __ --------------- 2,488,000.00 *For All Other Purposes_______________ 1,480,000.00 $28,268,189.99 LOCAL SCHOOL DISTRICT BONDED DEBT __________ 8,563,459.00 CITY AND TOWN BONDED DEBT (For All Purposes) 44,999,917.50 TOTAL BONDED DEBT OF THE STATE OF GEORGIA AND SUBDIVISIONS AT DECEMBER 31st, 1929_____ $86,711,768.49 *The item, for all other purposes $1,480,000.00, shown under county wide bonded debt in the above summary and also shown in the detail, includes a bond issue in the amount of $1,250,000.00 for a hydro-electric plant ln Crisp County. ./ County DETAIL OF BONDED DEBT OF GEORGIA COUNTIES, SCHOOL DISTRICTS, CITIES AND TOWNS AT DECEMBER 31ST, 1929 County Wide Bond Issues School District Bond Issue City or Town Bond Issue Court Bouse and Roads and School Jails Bridges Purposes Other Total County Wide Name of District Total Name of City Total Amount or Town Amount i Grand Total for County Appling_______ $ 21,000.00 $ 197,000.00 ------------ ------------ $ 218,000.00 Baxley________ $ S u r r e n c y _____ 71,000.00 None Reported 15,000.00 Atkinson______ .... 50,000.00 ------------ ------------ ------------ 50,000.00 WCilolanc.o_o__c_h_e_e__- KiCroknl.a_n_d__-____ 86,000.00 $ 304,000.00 25,000.00 Pearson_______ $ 31,000.00 14,000.00 Willacoochee___ 21,000.00 Bacon_________ 36,500.00 66,000.00 ------------ ------------ 92,500.00 Bacon High ___ RoHcikgihn_g_h_a_m____ Union High___ 39,000.00 8,000.00 Alma__________ 13,000.0C 6,000.0C 52,000.00 141,000.00 25,500.00 Baker _________ None B e t h a n y ______ ElmodeL ______ Jackson ______ Newton _______ Providence ____ Stevens _______ 27,000.00 5,100.00 3,200.00 2,200.00 None Reported. 1,600.00 5,700.00 2,100.00 25,500.00 145,000.00 Baldwin_______ None None 19,900.00 f 19,900.00 Milledgeville___ 75,800.00 75,800.00 Su - 0 .00 99,000.00 150,174.56 County County Wide Bond Issues Court House and Roads and School Jails Bridges Purposes Other Total County Wide School District Bond Issue City or Town Bond Issue Name of District Total Name of City Total Amount or Town Amount Grand Total for County I Chatham______ ------------ $2,587,844.10 $ 340,000.00 ------------ $2,927,844.1( None Savannah_____ Tybee _________ $4,790,500.~ 128,000.00 4,918,500.00 $7,846,344.10 Chattahoochee None Chattooga_____ $ 1,800.00 ------------ ------------ ------------ None 1,800.00 Lyerly_________ $ Subllgna ______ No Report. 4,350.00 None Reported 6,000.0C 10,350.00 12,150.00 00 Cherokee______ 140,000.00 ------------ ------------ ------------ 140,000.00 Ball Ground___ 15,000.00 Canton________ 187,500.0C 342,500.00 Clarke_________ 149,000.00 404,000.00 43,000.00 $ 230,000.00 826,000.00 None Athens ________ 866,000.00 1,692,000.00 Clay ___________ None Fort Gaines ___ 60,000.00 Fort Gaines ___ 26,000.00 86,000.00 O l a n o n _______ None JoCnoesnbs.o_r_o_-____ Mountain View 36,000.0~ Jonesboro_____ 2,000.00 17,500.00 Clinch ________ None Dupont____ c __ Homerville _____ 38,000.00 21,000.00 Homerville_____ 48,000.00 17,500.00 36,000.00 55,500.00 Cobb _________ .. - None Austell ________ Blackwells _____ Elizabeth ______ Locust Grove__ Mableton ______ Mt. View_----Olive Springs__ 69,000.00 23,000.00 7,000.0(] 23,000.00 AustelL ______ Marietta _______ Roswell ________ 11,000.()(] 10,000:~ 13,000. 18,000.00 36,000.00 24,000.00 249,000.00 22,000.00 105,000.00 - Coffee _________ None PoSwpdreinr gs _____ Riverside ______ VSminyinrgnsa___-_-_-_-_-_- Ambrose_______ West Greene___ 10,000:~ 6,500. 38,000:~ 2,500. 162,000 .oc 2200,,500000.:~ Douglas _______ Nichols ________ 295,000 .oc 143,000.0( 5,000.00 I 457,000.00 40,500.()( 148,000.()( 188,500.00 Colquitt_______ ------------ 370,000.00 ------------ ------------ 370,000.00 Berlin________ Center Hill____ Culbertson____ Crosland. _____ Ellenton_______ Funston. _____ ONkoarmpialcnoP__a_r_k_._. Rose HilL ____ Ty Ty_________ 27,,050000.:0~0 Doerun________ Moultrie _______ 184,,050000:.()( 9,000.00 1166,,000000..o0c0 35,500:g? 3,400. 15,000.00 26,000.00 288,000 .0< co 126,900.00 314,000.()( 810,900.00 Columbia ______ None Evans-Cons. __ 27,000.()( Harlem________ 10,000.00 37,000.00 Cook__________ ------------ 207,000.00 ------------ ------------ 207,000.00 BCercuislh__y__C_r_e_e__k_. 6,500:~ AdeL_________ 42,500.00 Lenox_________ 350,,o0o0o0:.oc Lone Star_____ MSpidawrkasy-_A__d_e__L___ 7,000:~ 9,200:oc I Spring Hill.___ 10,000:()( 5,500. Coweta________ ------------ 400,000.00 ------------ ------------ 400,000.0< Grantville _____ Moreland. _____ Starr__________ 73,200.00 11,000.0< 4,000:~ Grantville _____ Senoia ________ 5,000. 42,500.()( 420,,050000.:~ 322,700.00 Crawford. _____ None Zenith Cons. 20,000.00 14,500.0( Roberta_______ 42,500.()( 5,000.0( 462,500.00 19,500.00 County County Wide Bond Issues Court House and Roads and School Jails Bridges Purposes Other School District Bond Issue City or Town Bond Issue Total County Wide Name of District Total Name of City Total Amount or Town Amount Grand Total for County I Crisp__________ $ 23,000.00 ------------ ------------ $1,250,000.00 $1,273,000.0C None Cordele________ $ 185,000.00 $1,458,000.00 _Dade__________ ------------ s 114,000.00 s 15,000.00 ------------ 129' 000. 0( North End____ $ Trenton _______ 12 ' 000 . Q( 15,000.00 None Reported Dawson _______ - ------------ Decatur______ . ------------ 38,000.00 ------------ _-_-_-_-_--..-_-_-_-_-_-_ 140,000.00 ------------ 38,000.0( None 140'000. Q( A t t a p u l g u s ____ Bell-Dixon _____ Bethany_______ Brinson_______ Climax ________ Faceville_______ ~ Fowlstown ____ PMitn. ePHleialls_a_n__t_..__ Recovery ______ WbesrtidBgaei_n_-_____ 27 '000. 00 None Reported 27,500.00 8,000.00 Bainbridge____ Climax ________ 10,000.00 31,000.00 23' 000. 00 23,000.00 1103,,050000.:0~0 17,000. 1,000.0C 262' 000. od4ge _________ ------------ 50,000.00 ------------ ------------ 50,000.00 Antioch_______ Chauncey_____ Ohester _______ 6,000.00 5,000.()0 Milan__________ 15,000.00 2,000.00 OEmropsisreR_o__a_d_s______ 6,000.00 5,000.()( G i d d e n s _______ JayBird ______ 6,000.0( 5,000.00 ! 1,;, P l a i n f i e l d _____ R h i n e _________ 7 ,OOO.Q(] 15,000.00 Sand Grove ___ 1,000.00 I>ooley_________ ------------ 129,000.00 ------------ ------------ 129,000.00 I>ooling_______ 71,000.00 7,500.0( Byromville_____ Pinehurst _____ Unadilla_______ Vienna________ 2,000.00 12,400.0C 5,500.00 21,000.00 55,000.00 123,000.00 I>ougherty_____ 6,000.00 300,000.00 80,000.00 ------------ 386,000.00 .None .......... I>ouglas_______ ------------ 120,000.00 ------------ ------------ 120,000.00 I>ouglasville___ Early__________ None Oalonrokee. ___ I>amascus _____ J a k i n _________ Liberty HilL . New Hope_____ Rock HilL.___ Rowena _______ Springfield____ Union---~---- Albany________ 29,000.00 None Reported 13,700.0C Blackley_______ 20,000.00 5, 700.()( 11,500.()( 11,500.00 27,000.00 17,500.0( 8,800.()( 25,000.00 93,900.00 230,400.00 750,100.00 1,136,100.00 149,000.00 93,745.00 I Echols._______ Effingham. ___ -None None None 01yo ___________ Egypt _________ Rincon ________ Springfield____ 140,700.00 None Reported 12,000.00 Springfield____ 10,000.00 9,000.00 7,000.00 93,745.00 234,445.00 2,000.00 ------- 38,000.00 2,000.00 40,000.00 ---- j u ,~ .; , :~~ i Fannin________ ------------ 95,000.00 ------------ ------------ 95,000.00 M o r g a n t o n ____ Fry, Ind. ______ 6,000.()() 500.00 Blue Ridge____ McCaysville____ 16,000.(_)C? 4,000.00 i: 't~ Fayette________ None Aberdeen______ B r o o k s ________ Fayetteville____ Tyrone________ Woolsey _______ 6,500.00 1,200.00 Fayettevtlle____ 10,000.00 22,000.00 12,000.00 9,666.00 20,000.()( 29,000.00 12~,600.00 !. I. II Floyd__________ ------------ 670,000.00 ------------ ------------ 670,000.00 Cave Spring___ Spring Creek.. 54,866.00 64,000.0C 4,500.00 RCoavmeeS__p_r_i_n__g_s____ 29,000.00 11,000.()() 702,000.00 83,866.00 68,600.00 713,000.00 1,451,600.00 ForSYth _______ None Cumming. ____ 20,000.00 None Reported 20,000.00 Franklin______ t) -~ None ,500.00 White _________ ------------ 57,000.00 ------------ ------------ 57,000.00 Cleveland_____ 55,600.0C 25,000.00 9,400.00 None Reported 80,600.00 66,400.00 Whitfield______ ------------ 185,000.00 ------------ ------------ 185,000.00 Cohutta_______ Dawnville _____ Wilcox _________ 36,500.00 95,000.00 ------------ ------------ 131,500.00 Abbeville ______ Bush. _________ Center ________ POiwttesn_s_b_o__ro_________ Pope City_____ Powers ________ Rochelle _______ Seville _________ 15,000.00 Dalton. _______ 14,000.00 29,000.00 45,000.00 6,000.~ 7,000.00 12,000.00 Pineville_______ Pitts __________ Rochelle _______ Abbeville ______ 30,000.~ 7,000.0( 1,250.0( 60,000.~ 5,000.00 159,000.00 159,000.0( 10,000.00 12,000.00 6,000.00 16,611.13 ' l. 373,000.00 ! 1,;1 Wilkes _________ Wilkinson. ____ ~ 8,000.00 242,000.00 ------------ ------------ None 250,000.00 Danburg______ Matasville _____ IGrworidnotonn.___-_-_-_-_Mcintyre ______ Toomsboro ____ 173,250.00 10,000.00 TignalL ______ 9,500.00 Washington ___ 19,500.()( 19,000.00 13,500.00 None Reported 13,000.00 22,000.00 44,611.13 1,000.00 179,000.00 180,000.00 349,361.13 449,500.00 Worth_________ ------------ 345,000.00 ------------ ------------ 345,000.00 Bridgeboro ____ Poulan________ RSuedmRneorc_k_._._.___. Sylvester.~---- 67,500.00 16,000.00 Poulan________ 15,000.00 Sylvester______ 21,500.00 26,000.Q