Official Code of Georgia Annotated

Title 36. LOCAL GOVERNMENT · Chapter 38. BONDS · Article 2. COMPROMISE OF BONDED DEBT

36-38-20. Authority to compromise bonded debt; rights of dissenting creditors not prejudiced.

Active

Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

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.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Ga. L. 1878-79, p. 85, § 1; Code 1882, § 508m(2); Civil Code 1895, § 758; Civil Code 1910, § 905; Code 1933, § 87-501.

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Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

Text read from t35-t36-ch1-59-(v27)-2025-pdf.pdf, Volume V27, 2025 edition, pages 818 to 819; merge action: bound only; file SHA-256 6c7b6bcea397.