144 Ga. 219 | Ga. | 1915
The solicitor-general of the Cherokee Circuit, in behalf of the State of Georgia, filed a petition for the validation of a series of bonds, alleged to have been authorized by the City of Cartersville by virtue of an election held for that purpose. J. A. Shinall, a taxpayer of the municipality, filed an intervention objecting to the validation of the bonds. His intervention was stricken on demurrer, and a judgment of validation entered.
The power to issue municipal securities is derived from the constitution and the statutes enacted to carry into effect the constitutional provision. The constitution declares that no county, municipality, or division shall incur any new debt (except-for a
Judgment reversed.