O.C.G.A.

O.C.G.A. § 36-37-10 (2019)

Disposition of public utility plants or properties - Proposed disposition determined by two-thirds vote

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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If two-thirds of those voting in the election vote in favor of such sale, lease, or disposition, the proper officers of the municipal corporation may proceed to sell, lease, or dispose of such plant in accordance with the terms and conditions set out in the notice of proposed intention to sell, lease, or dispose of such plant. If such election is determined against the sale, lease, or disposition of the plant, the plant shall not be sold, leased, or disposed of but shall remain the property of the municipality.

History

Ga. L. 1925, p. 177, § 4; Code 1933, § 91-904.

Annotations

RESEARCH REFERENCES ALR. - Sufficiency of compliance with condition of sale or lease by municipality of public utility plants, 52 A.L.R. 1052.

CHAPTER 38 BONDS Article 1

Article 2 Compromise of Bonded Debt

General Provisions Sec.

Investment of funds acquired by tax levied to pay bonded indebtedness generally. Sale of municipal bonds and use of proceeds for retirement of earlier bonds. Registration of bonds in which municipal funds invested in name of municipal corporation. Registration of bonds in name of owner.

Sec.