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Call Now: 904-383-7448such proceeds may be invested in direct obligations of, or obligations the principal of which and the interest on which are unconditionally guaranteed by, the United States which shall mature or which shall be subject to redemption by their holders at the option of such holders, not later than the respective dates when the proceeds, together with the interest accruing thereon, will be required for the purposes intended.
(Ga. L. 1969, p. 683, § 22; Code 1933, § 32-3737, enacted by Ga. L. 1980, p. 835, § 3.)
- Pursuant to Code Section 28-9-5, in 1991, a comma was added to precede "the United States" near the end of subsection (b).
- 64 Am. Jur. 2d, Public Securities and Obligations, § 236 et seq.
- 81A C.J.S., States, §§ 275, 276, 280.
- Power of municipal corporation to refund special assessment bonds, 102 A.L.R. 202.
Power of municipality or other governmental body to issue refunding bonds to retire obligation in respect of which the creation and maintenance of a sinking fund by taxation is required by constitutional or statutory provision, 157 A.L.R. 794.
Power of governmental unit to issue bonds as implying power to refund them, 1 A.L.R.2d 134.
No results found for Georgia Code 20-3-351.