O.C.G.A.

O.C.G.A. § 36-38-20 (2019)

Authority to compromise bonded debt; rights of dissenting creditors not prejudiced

✓ 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.

Find cases: SyfertCases citing this section GA-LEGlegis.ga.gov (official) JustiaJustia CornellLII Search CasesGoogle Scholar

The authorities of any municipal corporation of this state are authorized to compromise their bonded debt, in accordance with this article, provided that this article shall not be construed to prejudice the rights of such creditors as may refuse to assent to the compromise.

History

Ga. L. 1878-79, p. 85, § 1; Code 1882, § 508m(2); Civil Code 1895,

§ 758; Civil Code 1910, § 905; Code 1933, § 87-501.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. - 56 Am. Jur. 2d, Municipal Corporations, Counties, and Other Political Subdivisions, §§ 707, 708. C.J.S. - 64A C.J.S., Municipal Corporations, § 2528 et seq. ALR. - Estoppel to deny validity of

municipal bonds issued under an unconstitutional statute, 37 A.L.R. 1310. Negotiability of municipal bonds as affected by reference to fund from which they are to be paid, 42 A.L.R. 1027.