2010 Georgia Code
TITLE 12 - CONSERVATION AND NATURAL RESOURCES
CHAPTER 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION
ARTICLE 6 - MEMORIALS
PART 4 - STONE MOUNTAIN MEMORIAL ASSOCIATION
§ 12-3-200 - Revenue bonds -- Power of association to adopt resolutions providing for and to issue bonds
O.C.G.A.
12-3-200 (2010)
12-3-200. Revenue bonds -- Power of association to adopt resolutions providing for and to issue bonds
The association, or any association, authority, or body which has succeeded or which may in the future succeed to the powers, duties, and liabilities vested in the association, shall have power and is authorized at one time, or from time to time, to issue negotiable bonds in a sum not to exceed $15 million in principal amount outstanding at any one time, for the purpose of paying all or any part of the cost of the project, including the acquisition of the property authorized by paragraph (2) of Code Section
12-3-194 to be acquired by the association, in the event funds for such acquisition do not become available under Code Section
12-3-197. The association shall also have the power to adopt all necessary and appropriate resolutions to provide for the issuance of such negotiable bonds.
Graham Syfert - Jacksonville Lawyer