When the bonds become due, the owners thereof, if necessary, may enforce their collection by action in the proper court.
(Ga. L. 1878-79, p. 40, § 5; Code 1882, § 508m; Civil Code 1895, § 381; Civil Code 1910, § 444; Code 1933, § 87-205.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 64 Am. Jur. 2d, Public Securities and Obligations, §§ 309, 382, 394.
C.J.S.- 64A C.J.S., Municipal Corporations, § 2203 et seq.
ALR.
- Negotiability of municipal bonds as affected by reference to fund from which they are to be paid, 42 A.L.R. 1027.
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.
When limitations begin to run against actions on public securities or obligations to be paid out of special or particular fund, 50 A.L.R.2d 271.