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This paper is concerned with the problem of developing an advanced strategy to reduce the conservatism in stability analysis and control synthesis of continuous-time Takagi-Sugeno (T-S) fuzzy systems. A novel augmented multi-indexed matrix approach is proposed to implement new right-hand-side slack variables technique for the homogenous polynomial setting. Combining with the Finsler lemma with homogenous-matrix Lagrange multipliers, convergent linear-matrix-inequality (LMI) relaxations for stability analysis are proposed by using the generalization of the Polya theorem for the case of positive polynomials with matrix-valued coefficients. A new type of state-feedback controller, namely, the homogeneous polynomially nonquadratic control law (HPNQCL), is developed to conceive less-conservative stabilization conditions. The obtained stability and stabilization conditions are further relaxed by using the proposed right-hand-side slack variables technique. Moreover, the advantages over the existing control schemes are certificated in theory. Three numerical examples are also provided to illustrate the effectiveness of the proposed methods.