As Amended
SEC. 31-15-15. Invalid bonds.
In the event that any of the refunding bonds authorized to be issued under sections 31-15-1 to 31-15-19 should
be declared by any court of competent jurisdiction to be invalid, the holder or holders thereof shall be subrogated
to all of the rights, remedies, and privileges had and possessed by the holder or holders of the bonds or interest
coupons refunded thereby.
SOURCES: Codes, 1942, Sec. 4364; Laws, 1934, ch. 143.