Georgia § 36-38-21 - Issuance of new bonds for outstanding bonds.
Full text of Georgia Official Code of Georgia Annotated § 36-38-21 — Issuance of new bonds for outstanding bonds., with citation guidance and answers to common questions.
§ 36-38-21. Issuance of new bonds for outstanding bonds.
Where there are outstanding bonds and coupons of any municipal corporation of this state, whether such bonds or coupons are due or to become due, the authorities may issue new bonds with coupons attached, to be exchanged and to stand in the place of such outstanding bonds and coupons, provided that the new bonds so issued shall not exceed in amount the previously existing total bonded debt, with interest thereon, of such municipal corporation. (Ga. L. 1878-79, p. 85, § 2; Code 1882, § 508m(3); Civil Code 1895, § 759; Civil Code 1910, § 906; Code 1933, § 87-502.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 36-38-21
What does Official Code of Georgia Annotated § 36-38-21 cover?
Section 36-38-21 ("Issuance of new bonds for outstanding 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 § 36-38-21?
A common citation format is "Official Code of Georgia Annotated § 36-38-21" (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 § 36-38-21 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.