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CITY OF BREMEN v. REGIONS BANK

No. S01A1732.

559 S.E.2d 440 (2002)

274 Ga. 733

CITY OF BREMEN et al. v. REGIONS BANK et al.

Supreme Court of Georgia.

February 4, 2002.

Attorney(s) appearing for the Case

Cook & Connelly, Bobby Lee Cook, Summerville, Mullins, Whalen & Westbury, Andrew J. Whalen, III, Griffin, for appellant.

Shaw, Maddox, Graham, Monk & Boling, Michael D. McRae, Robert T. Monroe, Cedartown, for appellees.

Powell, Goldstein, Frazer & Murphy, C. Scott Greene, Heather E. Harper, Atlanta, amici curiae.

SEARS, Presiding Justice.

The City of Bremen, Georgia ("City"), appeals the trial court's grant of summary judgment in favor of Regions Bank of Cedartown, Georgia, holding the City liable for the payment of a $1 million loan issued by Regions Bank, plus interest, penalties and attorney fees. Having reviewed the record and considered the parties' arguments, we conclude that the loan was a valid exercise of the City's temporary borrowing power under the Georgia Constitution...

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