---
title: O.C.G.A. § 36-39-26. Sale of bonds; delivery to contractors.
collection: code
id: 36-39-26
cite_as: O.C.G.A. § 36-39-26 (2025)
canonical_url: https://georgiacommons.org/code/36-39-26
md_url: https://georgiacommons.org/code/36-39-26.md
text_url: https://georgiacommons.org/code/36-39-26/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t35-t36-ch1-59-(v27)-2025-pdf.pdf?sfvrsn=66569db4_0#page=844
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/36-39.md
previous: https://georgiacommons.org/code/36-39-25.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: LOCAL GOVERNMENT / Provisions Applicable to Municipal Corporations Only / STREET IMPROVEMENTS
extraction_warnings:
  - dehyphenation_unverified:alterna-tively
---

# O.C.G.A. § 36-39-26. Sale of bonds; delivery to contractors.

The bonds shall be sold by the governing body at not less than par and the proceeds thereof shall be applied to the payment of the contract price and other expenses incurred pursuant to this chapter. Alterna-tively, such bonds in the amount that is necessary for the purpose may be turned over and delivered to the contractor at par value in payment of the amount due him on his contract, and the portion thereof which is necessary to pay other expenses incident to and incurred in providing for the improvements shall be sold or otherwise disposed of as the governing body directs.

## History

Ga. L. 1927, p. 321, § 10; Code 1933, § 69-418.