§ 52-2-1. Short Title
This chapter may be cited as the “Georgia Ports Authority Act.” History. Ga. L. 1945, p. 464, § 1.
§ 52-2-10. Applicability of Traffic Laws; Enforcement by Peace Officers; Traffic Citations; Issuance of Bench Warrant Upon Failure of Offender to Appear; Enforcement of Dock Related City Ordinances; Venue
The motor vehicle traffic laws for this state shall apply to all roads within the jurisdiction of the Georgia Ports Authority; provided, however, that the authority may determine and declare reasonable, safe, and lawful speed limits on all roads within its jurisdiction. Those regular employees of the Georgia Ports Authority designated as peace officers shall […]
§ 52-2-11. Power of Authority to Borrow Money, to Execute Evidences of Indebtedness, and to Secure Such Indebtedness; Sale and Other Disposition of Property; Utilization of Proceeds of Sale
The Georgia Ports Authority shall have and may exercise the following powers: The authority may borrow money for its corporate purposes and may execute and deliver long-term and short-term notes, commercial paper, bond anticipation notes, and other obligations or evidences of indebtedness therefor and may secure such indebtedness in such manner as the authority may […]
§ 52-2-12. Funds for Acquisition of Land and Construction of Port Facilities
The Governor may make available to the Georgia Ports Authority for the purpose of acquiring necessary lands, including improvements thereon, as well as for constructing buildings, terminals, and other port facilities, any funds appropriated for the construction of port facilities. Any land so acquired shall be conveyed to the Georgia Ports Authority. History. Ga. L. […]
§ 52-2-13. Approval and Consent of State Properties Commission for Acquisition of Real Property by Authority
Notwithstanding any other provisions of this chapter, the authority shall not purchase any real property without the approval and consent of the State Properties Commission. History. Ga. L. 1958, p. 714, § 2A. Cross references. Acquisition of real property by state agencies generally, § 50-16-30 et seq.
§ 52-2-14. Conveyance of Medical Depot Site to Authority; Power to Sell Conveyed Surplus Lands and Improvements; Power to Borrow and to Issue Revenue Anticipation Certificates
The Governor of this state is authorized to convey, for and in behalf of the state, title to lands and improvements known as the Medical Depot site in Chatham County, Georgia, adjacent to the Savannah River. For a more particular description, reference is made to the deed conveying the site from the State of Georgia […]
§ 52-2-15. Revenue Bonds — Issuance; Payment of Principal and Interest From Special Fund; Dating of Bonds; Determination of Rate of Interest; Time of Maturity; Redemption Before Maturity
The authority shall have the power and is authorized at one time or from time to time to provide by resolution for the issuance of negotiable revenue bonds of the authority for the purpose of paying all or any part of the cost as defined in this chapter of any one or more projects. The […]
§ 52-2-16. Revenue Bonds — Form of Bonds; Denominations; Place of Payment of Principal and Interest
The authority shall determine the form of the bonds, including any interest coupons to be attached thereto, and shall fix the denomination or denominations of the bonds and the place or places for payment of principal and interest thereof, which may be at any bank or trust company within or outside the state. History. Ga. […]
§ 52-2-17. Revenue Bonds — Signatures; Seal
In case any officer whose signature appears on any bonds or whose facsimile signature appears on any coupons ceases to be such officer before the delivery of the bonds, such signature shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until the delivery. All such bonds […]
§ 52-2-18. Revenue Bonds — Status of Bonds as Negotiable Instruments; Tax Exemption for Bonds and for Income Therefrom
All revenue bonds issued under this chapter shall have and are declared to have all the qualities and incidents of negotiable instruments under the negotiable instruments laws of the state. Such bonds and the income therefrom shall be exempt from all taxation within the state. History. Ga. L. 1945, p. 464, § 5.
§ 52-2-19. Revenue Bonds — Issuance in Coupon, Registered, or Book-Entry Form
The bonds may be issued in coupon, registered, or book-entry form, as the authority may determine, and provision may be made for the registration of any coupon bond as to principal alone and also as to both principal and interest. History. Ga. L. 1945, p. 464, § 5; Ga. L. 2010, p. 897, § 5/HB […]
§ 52-2-2. Definitions
As used in this chapter, the term: “Authority” means the Georgia Ports Authority created by Code Section 52-2-4. “Bonds” or “revenue bonds” means any bonds issued by the authority under this chapter, including refunding bonds. “Cost of the project” means the cost of acquisition and construction, the cost of all lands, properties, rights, easements, and […]
§ 52-2-20. Revenue Bonds — Determination of Price; Use and Manner of Disbursement of Proceeds; Procedure Where Proceeds Are Less Than or Greater Than Cost of Projects
The authority may sell such bonds in such manner and for such price as it may determine to be for the best interests of the authority. The proceeds of the bonds shall be used solely for the payment of the costs of the project or projects and shall be disbursed upon requisition or order of […]
§ 52-2-21. Revenue Bonds — Issuance of Interim Receipts, Interim Certificates, and Temporary Bonds; Replacement of Mutilated, Destroyed, or Lost 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. The authority may also provide for the replacement of any bond which shall become mutilated or be destroyed or lost. […]
§ 52-2-22. Revenue Bonds — Conditions Precedent to Issuance; Application of Bonds of a Single Issue to Payment of One or More Projects; Effective Date of Resolutions Providing for Issuance; Passage of Resolutions
Such revenue bonds may be issued 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 chapter. In the discretion of the authority, revenue bonds in a single issue may be issued for the purpose of paying the costs […]
§ 52-2-23. Revenue Bonds — Aid by Georgia State Financing and Investment Commission
Whenever the authority determines to issue its bonds or other obligations, it shall obtain the approval of the Georgia State Financing and Investment Commission and otherwise comply with the provisions of Article 2 of Chapter 17 of Title 50, the “Georgia State Financing and Investment Commission Act.” History. Ga. L. 1967, p. 874, § 1; […]
§ 52-2-24. Revenue Bonds — Status of Bonds as a Debt of State or a Pledge of Faith and Credit of State; Issuance as Obligating State to Levy Tax or Make Appropriation; Obligation to Pay Principal and Interest on Bonds; Recitals on Face of Bonds
Revenue bonds issued under this chapter 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 solely from the fund provided in this chapter therefor from earnings. The issuance of such revenue bonds shall not […]
§ 52-2-25. Revenue Bonds — Securing of Bonds by Trust Indenture
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 within or outside of the state. Such trust indenture may pledge or […]
§ 52-2-26. Revenue Bonds — Remedies of Bondholders and Trustee
Any holder of revenue bonds issued under this chapter or any of the coupons appertaining thereto and the trustee under the trust indenture, if any, except to the extent the rights given in this chapter may be restricted by resolution passed before the issuance of the bonds or by the trust indenture, may, either at […]
§ 52-2-27. Revenue Bonds — Protection of Rights of Bondholders
While any of the bonds 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 or impaired in any manner that will affect adversely the interest and rights of the holders of such bonds; and no other entity, department, agency, […]