In the event that two-thirds of the votes cast at such election shall be in favor of refunding “outstanding schoolhouse bonds” and such two-thirds are also a majority of all the voters qualified to vote in such election, then the refunding schoolhouse bonds shall, after validation, as provided in Code Section 20-2-470 be issued, sold, or exchanged under all of the regulations now provided for the sale of county bonds under Code Section 20-2-430 or provided in this subpart for the sale or exchange of such refunding bonds.
History. Ga. L. 1937, p. 869, § 4.
Structure Georgia Code
Chapter 2 - Elementary and Secondary Education
Article 9 - Local Public School Finances
§ 20-2-450. Subpart to Govern Refunding, Retiring, or Refinancing Outstanding District Bonds
§ 20-2-457. District Bonds — Tax Levy to Provide Sinking Fund to Retire Bonds
§ 20-2-458. Local or Consolidated School District Bonds — Sale or Exchange
§ 20-2-459. Independent School District Bonds — Sale or Exchange
§ 20-2-462. County-Wide Bonds — Powers of Counties as to Refunding, Refinancing, or Retiring
§ 20-2-464. County-Wide Bond Elections — Notice
§ 20-2-465. County-Wide Bond Elections — Eligible Voters; Conduct of Election; Declaration of Result
§ 20-2-466. County-Wide Bonds — Vote Required to Approve; Issuance, Sale, or Exchange
§ 20-2-467. County-Wide Bonds — Handling and Use of Proceeds
§ 20-2-468. County-Wide Bonds — Tax Levy to Provide Sinking Fund to Retire Bonds
§ 20-2-470. Validation of Bonds
§ 20-2-471. Exchange or Sale of Bonds; Use of Proceeds
§ 20-2-472. Establishment of Sinking Fund for Unsurrendered Bonds
§ 20-2-473. Limitations on Issue and Use of Bonds and Proceeds
§ 20-2-474. Powers and Duties of Officials as to Bonds, Taxes, and Sinking Funds
§ 20-2-476. When SubPart Applicable to Independent School Districts
§ 20-2-477. Construction of SubPart Against Impairment of Outstanding Bonds