GEORGIA CODE (Last Updated: August 20, 2013) |
Title 36. LOCAL GOVERNMENT |
Provisions PROVISIONS APPLICABLE TO MUNICIPAL CORPORATIONS ONLY |
Chapter 38. BONDS |
Article 2. COMPROMISE OF BONDED DEBT |
Section 36-38-20. Authority to compromise bonded debt; rights of dissenting creditors not prejudiced
Latest version.
- 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.
Ga. L. 1878-79, p. 85, § 1; Code 1882, § 508m(2); Civil Code 1895, § 758; Civil Code 1910, § 905; Code 1933, § 87-501.