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Session Laws, 1953
Volume 606, Page 1329   View pdf image (33K)
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THEODORE R. MCKELDIN, GOVERNOR 1329

OF BONDS THAT MAY BE ISSUED DURING THE
SECOND FOUR YEAR PERIOD NEXT SUCCEEDING
THE EFFECTIVE DATE OF THIS ACT; PROVIDED,
HOWEVER, IF AFTER LEGISLATIVE REVIEW AS
AFORESAID, THE GENERAL ASSEMBLY SHALL FAIL
TO PROHIBIT OR RESTRICT THE AMOUNT OF BONDS
THAT MAY BE ISSUED TO ACCOMPLISH THE CON-
STRUCTION AND RECONSTRUCTIONS CONTEM-
PLATED DURING THE SECOND FOUR YEAR PERIOD,
ABOVE REFERRED TO, THEN THE BONDS NECES-
SARY TO SUPPLEMENT CONSTRUCTION FUNDS
AVAILABLE TO FINANCE THE PROPOSED CON-
STRUCTION AND RECONSTRUCTION DURING THAT
PERIOD AS SET FORTH IN THE DOCUMENT EN-
TITLED "ROAD CONSTRUCTION AND RECONSTRUC-
TION IN THE PROPOSED TWELVE YEAR PRO-
GRAM", MAY BE ISSUED. PRIOR TO THE END OF
THE SECOND FOUR YEAR PERIOD NEXT SUCCEED-
ING THE EFFECTIVE DATE OF THIS ACT, I. E. ON OR
BEFORE THE 31ST DAY OF JANUARY, DURING THE
1961 SESSION OF THE GENERAL ASSEMBLY, THE
COMMISSION SHALL AGAIN PRESENT TO THE GOV-
ERNOR AND THE GENERAL ASSEMBLY THE SAME
TYPE OF REPORT AS SHALL BE SUBMITTED PRIOR
TO THE END OF THE FIRST FOUR YEAR PERIOD,
AND THE GENERAL ASSEMBLY SHALL HAVE THE
AUTHORITY TO AGAIN REVIEW THE PROGRAM AND
THE FURTHER AUTHORITY TO PROHIBIT OR RE-
STRICT THE AMOUNT OF BONDS THAT MAY BE IS-
SUED TO SUPPLEMENT CONSTRUCTION FUNDS
AVAILABLE TO FINANCE THE PROPOSED CON-
STRUCTION AND RECONSTRUCTION DURING THE
THIRD FOUR PROGRAM YEAR PERIOD AS SAID
PROPOSED CONSTRUCTION AND RECONSTRUCTION
IS SET FORTH IN THE ABOVE-MENTIONED DOCU-
MENT.

SECTION 8C. AND BE IT FURTHER ENACTED,
THAT THE COMMISSION SHALL, FROM THE FUNDS
APPROPRIATED BY THIS ACT, CONSTRUCT AND/OR
IMPROVE IN THE SEVERAL COUNTIES OF THE
STATE, THE TOTAL MILES OF ROAD, BOTH PRI-
MARY AND SECONDARY, AND THE SAID TOTAL
MILEAGE OF CONSTRUCTION AND IMPROVEMENT
SHALL BE WITHIN FIVE PERCENT (5%), AS SAID
TOTAL ROAD MILEAGE IS SET FORTH FOR CON-
STRUCTION AND/OR IMPROVEMENT IN THE DOCU-


 

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Session Laws, 1953
Volume 606, Page 1329   View pdf image (33K)
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