§ 46-3-154. Supplemental Nature of Powers Conferred by Article
The provisions of this article shall be regarded as supplementary and additional to and cumulative of powers conferred by other laws and shall not be regarded as being in derogation of any powers conferred by any other law. History. Ga. L. 1975, p. 107, § 29.
§ 46-3-155. Construction of Article
This article, being for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes hereof. History. Ga. L. 1975, p. 107, § 28.
§ 46-3-140. Cancellation of Evidences of Indebtedness and Interest Coupons
Unless otherwise directed by the authority, every evidence of indebtedness and interest coupon paid or otherwise retired shall forthwith be marked “canceled” and shall be delivered by the paying agent making payment thereof to the authority, whereupon the evidence of indebtedness or interest coupon shall be destroyed and a certificate of destruction shall be filed […]
§ 46-3-141. Records of Evidences of Indebtedness Issued
The fiscal officer of the authority or his agent shall maintain records containing a full and correct description of each evidence of indebtedness issued, identifying it and showing its date, issue, amount, interest rate, payment dates, payments made, registration, cancellation, destruction, and every other relevant transaction. History. Ga. L. 1975, p. 107, § 11.
§ 46-3-142. Paying Agents for Bonds
The authority may appoint one or more paying agents for each issue or series or installment of bonds. Every such paying agent shall be an incorporated bank or trust company authorized by the laws of the United States or of the state in which it is located to do a banking or trust business. The […]
§ 46-3-143. Bond Anticipation Notes
The authority shall have the power and is authorized, whenever revenue bonds of the authority have been validated as provided in Code Section 46-3-131, to issue from time to time its negotiable notes in anticipation of the issuance of such bonds as validated and to renew from time to time any such notes by the […]
§ 46-3-144. Negotiability of Bonds, Notes, and Other Evidences of Debt
Notwithstanding any other law to the contrary, every evidence of indebtedness issued under this article shall have all the rights and incidences of negotiable instruments, subject to provisions for registration. History. Ga. L. 1975, p. 107, § 15.
§ 46-3-145. Liability of Members of Authority on Bonds and Notes; Obligations of State and Political Subdivisions in Regard to Issued Bonds or Notes; Requirement as to Recital on Face of Bonds and Notes
Neither the members of the authority nor any person executing bonds or notes on behalf of the authority shall be personally liable thereon by reason of the issuance thereof. Neither the revenue bonds or notes issued under this chapter nor the instruments evidencing the obligations which constitute the security therefor shall constitute a debt of, […]
§ 46-3-146. Preservation of Interests and Rights of Owners of Bonds and Notes
While any of the bonds or notes issued by the authority remain outstanding, the powers, duties, or existence of the authority or of its officers, employees, or agents shall not be diminished, impaired, or affected in any manner which will affect adversely the interest and rights of the owners of such bonds or notes; and […]
§ 46-3-147. Appointment of Receiver for Authority for Default on Bonds; Duties of Receiver; Termination of Receivership; Jurisdiction of Court Over Receiver
If the authority defaults on the payment of the principal or interest on any of the revenue bonds after the same become due, whether at maturity or upon call for redemption, and such default continues for a period of 30 days, or if the authority or its officers, agents, or employees fail or refuse to […]