Disposition of Public Utility Plants or Properties - Proposed Disposition Determined by Two-Thirds Vote

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  2. Georgia Code
  3. Local Government
  4. Acquisition and Disposition of Real and Personal Property Generally
  5. Disposition of Public Utility Plants or Properties - Proposed Disposition Determined by Two-Thirds Vote

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If two-thirds of those voting in the election vote in favor of such sale, lease, or disposition, the proper officers of the municipal corporation may proceed to sell, lease, or dispose of such plant in accordance with the terms and conditions set out in the notice of proposed intention to sell, lease, or dispose of such plant. If such election is determined against the sale, lease, or disposition of the plant, the plant shall not be sold, leased, or disposed of but shall remain the property of the municipality.

(Ga. L. 1925, p. 177, § 4; Code 1933, § 91-904.)

RESEARCH REFERENCES

ALR.

- Sufficiency of compliance with condition of sale or lease by municipality of public utility plants, 52 A.L.R. 1052.

CHAPTER 38 BONDS Article 1 General Provisions.
  • 36-38-1. Investment of funds acquired by tax levied to pay bonded indebtedness generally.
  • 36-38-2. Sale of municipal bonds and use of proceeds for retirement of earlier bonds.
  • 36-38-3. Registration of bonds in which municipal funds invested in name of municipal corporation.
  • 36-38-4. Registration of bonds in name of owner.
Article 2 Compromise of Bonded Debt.
  • 36-38-20. Authority to compromise bonded debt; rights of dissenting creditors not prejudiced.
  • 36-38-21. Issuance of new bonds for outstanding bonds.
  • 36-38-22. Issuance and exchange of bonds; contractual effect of ordinance.
  • 36-38-23. Sinking funds for redemption of new bonds; appointment of commission to manage fund; contractual effect of ordinance.
ARTICLE 1 GENERAL PROVISIONS


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