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2018 Georgia Code
Title 36 - Local Government
Provisions Applicable to Municipal Corporations Only
Chapter 38 - Bonds
Article 1 - General Provisions
§ 36-38-2. Sale of municipal bonds and use of proceeds for retirement of earlier bonds
Universal Citation: GA Code § 36-38-2 (2018)
Whenever a municipal corporation invests its sinking fund in bonds issued by itself, if such bonds mature at a date beyond the maturity of other bonds of such municipal corporation such later bonds may be sold by the municipal corporation or the sinking fund commission and the funds therefrom used to retire earlier municipal bonds as they mature.
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