Section 45-25-250.13 – Dissolution of Authority.
Section 45-25-250.13 Dissolution of authority. At any time when no bonds or obligations theretofore assumed by the authority are outstanding, the board may adopt a resolution, which shall be duly entered upon its minutes, declaring that the authority shall be dissolved. Upon the filing for record of a certified copy of the resolution in the […]
Section 45-25-250 – Definitions.
Section 45-25-250 Definitions. When used in this article, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise. (1) AUTHORITY. The DeKalb County Water Authority, a public corporation organized pursuant to this article. (2) BOARD. The Board of Directors of the DeKalb County Water Authority. (3) BONDS. Bonds, […]
Section 45-25-250.01 – Legislative Intent.
Section 45-25-250.01 Legislative intent. This article is intended to aid the state and county in the execution of its duties by providing an appropriate and independent instrumentality of the state and of the county with full and adequate powers to fulfill its functions. It is the further legislative intent that the DeKalb County Water Authority […]
Section 45-25-250.02 – Amendment of Certificate of Incorporation.
Section 45-25-250.02 Amendment of certificate of incorporation. (a) The certificate of incorporation of the authority incorporated under this article may at any time and from time to time be amended in the manner provided in this section. (b)(l) The board of directors of the authority shall first adopt a resolution proposing an amendment to the […]
Section 45-25-250.03 – Board of Directors.
Section 45-25-250.03 Board of directors. The board of directors shall consist of seven directors that shall be appointed by the members of the state Legislature that represent all or any portion of DeKalb County for terms of four years. Provided, however, that initial appointments, as designated by the appointing authority, shall be made so that […]
Section 45-25-250.04 – Powers of Authority.
Section 45-25-250.04 Powers of authority. (a) The authority shall have the following powers, together with all powers incidental thereto or necessary to the discharge thereof in corporate form: (1) To have succession by its corporate name for the duration of time specified in its certificate of incorporation. (2) To sue and be sued in its […]
Section 45-25-250.05 – Additional Powers and Rights.
Section 45-25-250.05 Additional powers and rights. (a) The authority organized or operating pursuant to this article shall, in addition to all other powers now or hereafter granted by law, have the following powers and rights: (1) To borrow money for use for any of its corporate purposes. (2) To sell, transfer, convey, grant options to […]
Section 45-25-250.06 – Contracts of the Authority.
Section 45-25-250.06 Contracts of the authority. As security for payment of the principal of and interest on bonds or obligations assumed by it, the authority may enter into a contract or contracts binding itself for the proper application of the proceeds of bonds and other funds, for the continued operation and maintenance of any water, […]