§ 46-9-320. Short Title
This article shall be known and may be cited as the “Southwest Georgia Railroad Excursion Authority Law.” History. Code 1981, § 46-9-320 , enacted by Ga. L. 2000, p. 1117, § 1.
§ 46-9-321. Creation; Administrative Assignment
There is created a body corporate and politic to be known as the Southwest Georgia Railroad Excursion Authority, which shall be deemed to be an instrumentality of the state and a public corporation, for the purposes of construction, financing, operation, and development of rail passenger excursion projects utilizing any state owned railway in Crisp and […]
§ 46-9-322. Definitions
As used in this article, the term: “Authority” means the public body corporate and politic created pursuant to this article. “Cost of the project” or “cost of any project” means and shall include: All costs of acquisition, by purchase or otherwise, construction, assembly, installation, modification, renovation, or rehabilitation incurred in connection with any project or […]
§ 46-9-272. Definitions
As used in this article, the term: “Authority” means the public body corporate and politic created pursuant to this article. “Cost of the project” or “cost of any project” means and shall include: All costs of acquisition, by purchase or otherwise, construction, assembly, installation, modification, renovation, or rehabilitation incurred in connection with any project or […]
§ 46-9-273. Powers of Authority Generally
The authority shall have all of the powers necessary, proper, or convenient to carry out and effectuate the purposes and provisions of this article. The powers enumerated in this Code section are cumulative of and in addition to each other and other powers granted elsewhere in this article; and no such power limits or restricts […]
§ 46-9-274. Membership of Authority; Filling of Vacancies; Disclosure of Pecuniary Interests; Election of Officers; Expense Allowance and Travel Costs
The authority shall be composed of members appointed by the Governor. One member shall be appointed from and shall be a resident of each of the congressional districts and two members shall be appointed from the state at large. All members shall be appointed for terms of four years and until their successors are appointed […]
§ 46-9-275. Issuance of Revenue Bonds, Notes, or Other Obligations; Refunding Bonds
Revenue bonds, notes, or other obligations issued by an authority shall be paid solely from the property, including, but not limited to, real property, fixtures, personal property, revenues, or other funds pledged, mortgaged, conveyed, assigned, hypothecated, or otherwise encumbered to secure or to pay such bonds, notes, or other obligations. All revenue bonds, notes, and […]
§ 46-9-276. Authority to Execute Agreements or Instruments; Use of Proceeds From Sale of Bonds and Other Obligations; Issuance of Subsequent Obligations; Bond Anticipation Notes; Validation and Form of Bonds
Subject to the limitations and procedures provided by this Code section, the agreements or instruments executed by the authority may contain such provisions not inconsistent with law as shall be determined by the members of the authority. The proceeds derived from the sale of all bonds, notes, and other obligations issued by an authority shall […]
§ 46-9-277. Public Purpose of Article
The implementation of rail passenger service and public transportation projects within the State of Georgia develops and promotes, for the public good and general welfare, trade, commerce, tourism, industry, and employment opportunities and promotes the general welfare of the state by creating a climate favorable to the location of new industry, trade, and commerce and […]
§ 46-9-278. Liberal Construction to Effect Stated Purpose
The provisions of this article shall be liberally construed to effect its stated purpose. The offer, sale, or issuance of bonds, notes, or other obligations by the authority shall not be subject to regulation under the Georgia laws regulating the sale of securities, as heretofore and hereafter amended. No notice, proceeding, or publication except those […]