Georgia § 20-2-472 - Establishment of sinking fund for unsurrendered bonds.
Full text of Georgia Official Code of Georgia Annotated § 20-2-472 — Establishment of sinking fund for unsurrendered bonds., with citation guidance and answers to common questions.
§ 20-2-472. Establishment of sinking fund for unsurrendered bonds.
Should the holder of any outstanding schoolhouse bonds be unwilling to surrender them for retirement, either in exchange for refunding bonds in a principal amount equal to the principal and interest accrued on the bonds under the authority of this subpart or upon tender to him of the par value of the bond or bonds held by him, plus accrued interest thereon, then and in that event, when any of the refunding schoolhouse bonds are sold, a sufficient amount of the proceeds derived from the sale of the refunding bonds shall be set aside and shall constitute a sinking fund for the eventual retirement of any such bond or bonds and the payment of interest thereon in accordance with the provisions of such bonds when they mature or are surrendered for retirement. (Ga. L. 1937, p. 869, § 9.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 20-2-472
What does Official Code of Georgia Annotated § 20-2-472 cover?
Section 20-2-472 ("Establishment of sinking fund for unsurrendered bonds.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 20-2-472?
A common citation format is "Official Code of Georgia Annotated § 20-2-472" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 20-2-472 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.