§ 18-42. Use of proceeds of county bonds.

If, at the time the Fulton County Fire Department is discontinued as contemplated by this article, there shall remain in the possession of the county authorities any of the proceeds of bonds issued to finance the purchase of real or personal property, or the construction of fire stations or other improvements on real property, for such fire prevention systems, the board of commissioners, or other proper county authorities shall use such funds either:

(1)

To carry out the purposes for which such bonds were issued as far as the same may be done within the authority of this article; or

(2)

To retire such bonds, pay interest thereon, or otherwise reduce such bonded indebtedness.

(1951 Ga. Laws (Act No. 357), page 3068, § 7)