In the event that two-thirds of the votes cast at an election held as provided in Code Sections 20-2-451 through 20-2-455 are in favor of refunding "outstanding schoolhouse bonds" and such two-thirds are also a majority of all the voters qualified to vote in the election, then the officials as named in Code Sections 20-2-451 through 20-2-455 shall so declare the result; and such officials shall have the power and authority, after validation as provided in Code Section 20-2-470, to issue such refunding schoolhouse bonds for sale or exchange for the purpose of retiring the outstanding schoolhouse bonds in the district under all of the regulations now provided by law for school district bonds.
Section: Previous 20-2-450 20-2-451 20-2-452 20-2-453 20-2-454 20-2-455 20-2-456 20-2-457 20-2-458 20-2-459 20-2-460 20-2-461 20-2-462 20-2-463 20-2-464 NextLast modified: October 14, 2016