§ 32-10-96. Issuance of Interim Receipts, Interim Certificates, and Temporary Bonds
Prior to the preparation of definitive bonds, the authority may, under like restrictions, issue interim receipts, interim certificates, or temporary bonds, with or without coupons exchangeable for definitive bonds upon the issuance of the latter. History. Ga. L. 1953, Jan.-Feb. Sess., p. 302, § 18; Code 1933, § 95A-1255, enacted by Ga. L. 1973, p. […]
§ 32-10-97. Replacement of Lost or Mutilated Bonds
The authority may also provide for the replacement of any bond which becomes mutilated or which is destroyed or lost. History. Ga. L. 1953, Jan.-Feb. Sess., p. 302, § 19; Code 1933, § 95A-1256, enacted by Ga. L. 1973, p. 947, § 1.
§ 32-10-98. Resolutions for Bond Issuance; Issuance of Bonds of a Single Issue
Resolutions for the issuance of revenue bonds may be adopted without any other proceedings or the happening of any other conditions or things than those proceedings, conditions, and things which are specified or required by this article. In the discretion of the authority, revenue bonds of a single issue may be issued for the purpose […]
§ 32-10-99. Credit of State Not Pledged
Revenue bonds issued under this article shall not be deemed to constitute a debt of the State of Georgia or a pledge of the faith and credit of the state, but such bonds shall be payable from the revenues and funds of the authority as provided for in the resolutions or trust indentures authorizing or […]
§ 32-10-100. Trust Indenture as Security for Bonds
In the discretion of the authority, any issue of such revenue bonds may be secured by a trust indenture by and between the authority and a corporate trustee, which may be any trust company or bank having the powers of a trust company, inside or outside of the state. Such trust indenture may pledge or […]
§ 32-10-73. Designation of Moneys Received Pursuant to Article as Trust Funds
All moneys received pursuant to the authority of this article, whether as proceeds from the sale of revenue bonds or as revenues, tolls, and earnings, shall be deemed to be trust funds to be held and applied solely as provided in this article. The bondholders paying or entitled to receive the benefits of such bonds […]
§ 32-10-61. Continuation of State Tollway Authority as State Road and Tollway Authority
The State Tollway Authority shall continue to be a body corporate and politic and an instrumentality and public corporation of the state known as the “State Road and Tollway Authority.” It shall have perpetual existence. In said name it may contract and be contracted with, sue and be sued, implead and be impleaded, and complain […]
§ 32-10-74. Effect of Article
This article shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby and shall be regarded as supplemental and additional to powers conferred by other laws and shall not be regarded as in derogation of any powers now existing. History. Ga. L. 1953, Jan.-Feb. Sess., p. 302, […]
§ 32-10-62. Membership; Compensation; Officers; Bylaws; Quorum; Record of Proceedings
The members of the authority shall be ex officio the Governor, the commissioner of transportation, the director of the Office of Planning and Budget, one member to be appointed by the Lieutenant Governor and to serve during the term of office of the Lieutenant Governor and until a successor is duly appointed and qualified, and […]
§ 32-10-75. Construction of Article
This article, being for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes of this article. History. Ga. L. 1953, Jan.-Feb. Sess., p. 302, § 35; Code 1933, § 95A-1272, enacted by Ga. L. 1973, p. 947, § 1; Ga. L. 1991, p. 94, § 32.