§ 8-3-79. Additional Remedies Conferrable on Obligee by an Authority
An authority shall have power by its resolution, trust indenture, mortgage, lease, or other contract to confer upon any obligee holding or representing a specified amount in bonds, or holding a lease, the right, in addition to all rights that may otherwise be conferred, upon the happening of an event of default as defined in […]
§ 8-3-35. Legislative Findings; Additional Powers of Authority; Effect of Financing With Bond Proceeds; Issuance, Sale, Confirmation, and Validation of Bonds; Venue of Actions
It is found and declared that from time to time there has existed and at the present time there exists an inadequate supply of funds at interest rates sufficiently low to enable the financing of safe and sanitary single and multifamily dwelling units for citizens of the state with low and moderate income; that the […]
§ 8-3-80. Exemption of Property of Authorities From Execution Sale; Charges or Liens on Property of Authorities; Enforcement of Mortgages, Pledges, or Liens by Obligees of Authorities
All real property of an authority shall be exempt from levy and sale by virtue of an execution; and no execution or other judicial process shall issue against the same nor shall any judgment against an authority be a charge or lien upon its real property, provided that this Code section shall not apply to […]
§ 8-3-36. Prohibition of Nonresidents Suspected of Criminal Acts
Any housing authority created pursuant to this article, acting through its director or his or her designee, is authorized to prohibit, without breaching the peace, any person who is reasonably suspected of committing a criminal act on the premises of a housing project and who is not a resident of said project from entering, loitering, […]
§ 8-3-81. Bonds and Other Obligations of Authorities as Legal Investments
Notwithstanding any restrictions on investments contained in any laws of this state, the state and all public officers, municipal corporations, political subdivisions, and public bodies; all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business; all insurance companies, […]
§ 8-3-50. Appointment, Qualifications, and Tenure of Commissioners; Reimbursement for Expenses
When the governing body of a city adopts a resolution as provided in Code Section 8-3-5, it shall promptly notify the mayor of such adoption. Upon receiving such notice, the mayor shall appoint five persons as commissioners of the authority created for such city. In the event the mayor fails or refuses to submit appointments […]
§ 8-3-100. Procedure for Creating an Authority
If the governing body of each of two or more contiguous counties by resolution declares that there is a need for one housing authority to be created for all of such counties to exercise in such counties powers and other functions prescribed for a regional housing authority, a public body corporate and politic to be […]
§ 8-3-51. Commissioners Authority; Quorum; Voting by Commissioners; Chairman; Vice-Chairman; Employment of Personnel; Obtaining Legal Services; Delegation of Powers or Duties
The powers of each authority shall be vested in the commissioners thereof in office from time to time. Three commissioners shall constitute a quorum of the authority for the purpose of conducting its business and exercising its powers and for all other purposes. Action may be taken by the authority upon a vote of a […]
§ 8-3-52. Disclosure and Abstention Requirements for Interested Commissioners and Employees
No commissioner or employee of the authority shall voluntarily acquire any interest, direct or indirect, in any project or in any property included or planned to be included in any project, or in any contract or proposed contract in connection with any project. Where the acquisition is not voluntary, such commissioner or employee shall immediately […]
§ 8-3-53. Removal of Commissioners
For inefficiency or neglect of duty or misconduct in office, a commissioner of an authority may be removed by the mayor or, in the case of an authority for a county, by the governing body of said county, provided that a commissioner shall be removed only after he shall have been given a copy of […]