Georgia CommonsTitle 36. LOCAL GOVERNMENT · Chapter 82. BONDS · Article 1. GENERAL PROVISIONS
36-82-5. Destruction of unsold bonds authorized.
Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.
When any county, municipality, or political subdivision of this state has issued bonds under the authority of Article IX, Section V, Paragraph I, II, or III of the Constitution of Georgia and laws passed in pursuance thereof and when, after the bond issue is authorized and the bonds are printed, any of the bonds authorized and printed are not sold for any reason, the governing authorities of the county, municipality, or political subdivision may destroy the unsold bonds in the manner and under the conditions set out in Code Section 36-82-6.
History
Ga. L. 1941, p. 426, § 1; Ga. L. 1983, p. 3, § 57; Ga. L. 1984, p. 1362, § 3.
Editor's notes
Ga. L. 1984, p. 1362, § 8, not codified by the General Assembly, provides: “The provisions of this Act [which amended this Code section] shall be liberally construed to effect the purposes hereof, and insofar as the provisions of this Act may be inconsistent with the provisions of the Georgia Constitution under circumstances where the General Assembly has been granted the power by law to enlarge or restrict such provisions of the Constitution or the provisions of any law, including any general, local, or special Act of the General Assembly creating or activating any municipality, this Act shall control.”
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Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.
Text read from t36-ch60-92-(v27a)-2025-pdf.pdf, Volume V27A, 2025 edition, pages 463 to 464; merge action: bound only; file SHA-256 5150ee8c60f7.
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