In the event that no appeal is filed within the time prescribed by law or, if an appeal is filed, that the judgment is affirmed on appeal, the judgment of the superior court confirming and validating the issuance of the bonds shall be forever conclusive upon the validity of the bonds against the county, municipality, or political subdivision.
(Ga. L. 1897, p. 82, § 4; Civil Code 1910, § 448; Code 1933, § 87-305; Ga. L. 1966, p. 76, § 3.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 64 Am. Jur. 2d, Public Securities and Obligations, § 373 et seq.
C.J.S.- 64A C.J.S., Municipal Corporations, § 2173.
ALR.
- Estoppel to deny validity of municipal bonds issued under an unconstitutional statute, 37 A.L.R. 1310.
Rescission of vote authorizing school district or other municipal bond issue, expenditure, or tax, 68 A.L.R.2d 1041.