Issuance of Bonds, Notes, or Other Indebtedness by Consolidated Corporation; Pledge of Security

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  2. Georgia Code
  3. Public Utilities and Public Transportation
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  6. Issuance of Bonds, Notes, or Other Indebtedness by Consolidated Corporation; Pledge of Security

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The consolidated corporation formed pursuant to Code Sections 46-8-334 through 46-8-336 shall have authority to issue its bonds, notes, and other evidences of indebtedness and to secure the same by mortgage or deed of trust, or otherwise, upon all its property or franchises, for any corporate purpose, within the limitations and in the manner prescribed by the laws of this state.

(Ga. L. 1909, p. 163, § 4; Civil Code 1910, § 2610; Code 1933, § 94-1017.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 19 Am. Jur. 2d, Corporations, §§ 2629, 2630.

C.J.S.

- 19 C.J.S., Corporations, § 809.


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