Atlanta'schief financial officer and the president of the Atlanta Development Authority in a joint statement said Fulton County tax commissioner Arthur E. Ferdinand is obligated to comply with a Fulton County Superior Court restraining order instructing him to turn over school property taxes for tax allocation districts in the city while his appeal of the order is being resolved by the Georgia Supreme Court.

CFO Janice Davis and authority president Peggy McCormick said in the statement thatif Ferdinand chooses not to comply with the restraining order, the city will take action to have him held in contempt of the Superior Court's order.

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