The governing body of each municipal corporation of this state is given the authority to issue, refund, and liquidate financial obligations, including bonds, incurred to finance any facilities or services which such municipal corporation undertakes to provide under authority of this chapter, subject to the provisions of the Constitution of this state and the general laws applicable to such bonds or other financial obligations.
(Ga. L. 1962, p. 140, § 7.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 56 Am. Jur. 2d, Municipal Corporations, Counties, and Other Political Subdivisions, §§ 511, 512.
C.J.S.- 64A C.J.S., Municipal Corporations, §§ 2118 et seq., 2188 et seq.
ALR.
- Change in law as to municipal bonds as affecting bonds previously authorized or voted, but not issued, 19 A.L.R. 1055.
Assignment and transfer of government bonds, 22 A.L.R. 775.
Sale of municipal or other public bonds at less than par or face value, 91 A.L.R. 7; 162 A.L.R. 396.
Validity of municipal bond issue for purpose of paying employees, 96 A.L.R. 1204.
Funding or refunding obligations as subject to conditions respecting limitation of indebtedness or approval by voters, 97 A.L.R. 442.
Priority or preference as between different issues of bonds of municipalities or political subdivisions, absent express provisions in that regard, 108 A.L.R. 1018.
Requirement of prior appropriation by municipal authorities as condition of making a contract or incurring expense as applicable to local improvements, or bond issue payable only out of special funds and not constituting an obligation of the municipality, 124 A.L.R. 1467.
Kind or type of contractual obligation within general terms, "contracts," "obligations," etc., or specific terms, "bonds," "notes," etc., in statute validating or legalizing obligations of municipalities or other public bodies, 128 A.L.R. 1411.
Estoppel by recitals in municipal bonds as to lawfulness of issue, 158 A.L.R. 938.