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. Alternatively, 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.
Structure Georgia Code
Chapter 39 - Street Improvements
§ 36-39-2. Adoption of Chapter; Election; Effect of Adoption of Chapter Generally
§ 36-39-5. Improvements When County Owns Abutting Property
§ 36-39-6. Paving by Railroad Having Tracks in Street
§ 36-39-10. Publication and Contents of Notice of Contract Proposals
§ 36-39-11. Examination of Bids and Award of Contract; Readvertisement for Bids
§ 36-39-12. Appointment of Board of Appraisers to Appraise and Apportion Cost
§ 36-39-13. Filing of Board of Appraisers’ Report
§ 36-39-15. Time and Manner of Payment of Assessments Generally
§ 36-39-16. Payment of Assessment in Installments
§ 36-39-17. Assessments Where Portion of Costs Paid by Municipal Corporation
§ 36-39-18. Additional Assessments
§ 36-39-20. Lien for Assessment and Interest
§ 36-39-21. Execution, Levy, and Sale on Unpaid Assessments or Interest Generally
§ 36-39-22. Affidavit Contesting Amount of Execution; Trial by Superior Court; Penalties for Delay
§ 36-39-23. Collection and Use of Assessments Generally; Special Fund; Treasurer’s Bond
§ 36-39-24. Limitation Period for Contesting or Enjoining Assessments
§ 36-39-25. Issuance of Bonds; Payment; Interest; Terms; Form
§ 36-39-26. Sale of Bonds; Delivery to Contractors
§ 36-39-27. Disposition of Proceeds From Bonds Remaining After Payment
§ 36-39-28. Petition for Validation of Ordinance Establishing Assessments; Time; Contents
§ 36-39-29. Order to Show Cause on Petition; Time and Notice of Hearing
§ 36-39-30. Conduct of Hearing; Issuance of Order by Court
§ 36-39-31. Appeal From Judgment of Court
§ 36-39-32. Conclusiveness of Superior Court’s Final Judgment
§ 36-39-33. Entry of Reference to Judgment on Bonds Following Validation; Use of Entry as Evidence