As Amended
SEC. 31-17-49. Local bonds; purchase of bonds sold below par.
Where the bonds so purchased of said county, municipality, or other taxing districts were sold for less than par
and accrued interest, then the said board of supervisors, mayor and board of aldermen, or other governing
authority of such taxing district, as the case may be, shall not pay a greater price than the price for which the
bonds were sold.
SOURCES: Codes, 1942, Sec. 4374; Laws, 1934, ch. 334.