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2018 Georgia Code 36-82-24 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)
O.C.G.A. 36-82-24 Case Law from Google Scholar Amendments to OCGA 36-82-24

TITLE 36 LOCAL GOVERNMENT

Chapter 82 information not found

ARTICLE 2 VALIDATION OF BONDS

36-82-24. Effect of judgment of validation.

In the event that no appeal is filed within the time prescribed by law or, if an appeal is filed, that the judgment is affirmed on appeal, the judgment of the superior court confirming and validating the issuance of the bonds shall be forever conclusive upon the validity of the bonds against the county, municipality, or political subdivision.

(Ga. L. 1897, p. 82, § 4; Civil Code 1910, § 448; Code 1933, § 87-305; Ga. L. 1966, p. 76, § 3.)

JUDICIAL DECISIONS

Illegal use of funds does not relieve liability.

- Fact that funds derived from sale of school bonds may have been improperly used by trustees does not relieve taxpayers from liability to innocent bondholders. Page v. Sansom, 184 Ga. 623, 192 S.E. 203 (1937).

When bonds had been duly validated, and he defendants failed to intervene in proceeding to validate bonds, the defendant's could not be heard to attack the validity of act under which bonds were issued on the ground that the act was unconstitutional. Gowran v. Wood, 171 Ga. 433, 156 S.E. 21 (1930).

Cited in Rountree v. Rentz, 119 Ga. 885, 47 S.E. 328 (1904); Baker v. City of Cartersville, 127 Ga. 221, 56 S.E. 249 (1906); Edwards v. Town of Guyton, 140 Ga. 553, 79 S.E. 195 (1913); Whiddon v. Fletcher, 150 Ga. 39, 102 S.E. 350 (1920); Dumas v. Rigdon, 151 Ga. 267, 106 S.E. 261 (1921); Towns v. Workmore Pub. Sch. Dist., 166 Ga. 393, 142 S.E. 877 (1928); Gibbs v. City of Social Circle, 191 Ga. 422, 12 S.E.2d 335 (1940).

RESEARCH REFERENCES

Am. Jur. 2d.

- 64 Am. Jur. 2d, Public Securities and Obligations, § 373 et seq.

C.J.S.

- 64A C.J.S., Municipal Corporations, § 2173.

ALR.

- Estoppel to deny validity of municipal bonds issued under an unconstitutional statute, 37 A.L.R. 1310.

Rescission of vote authorizing school district or other municipal bond issue, expenditure, or tax, 68 A.L.R.2d 1041.

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