Title 10, Chapter 9, Section 53
( 10-9-53)
The authority may, in the resolution providing for the issuance of
revenue bonds or in the trust indenture, provide for the payment of
the proceeds of the sale of the bonds to any officer or person who
shall act as trustee or any agency, bank, or trust company or to the
Georgia State Financing and Investment Commission acting under
contract with the authority which officer, person, bank, trust
company, or agency shall act as trustee of such funds and shall hold
and apply the same to the purposes set forth in or through this
article, subject to such regulations as this article and Article 1
of this chapter, or as the resolution or trust indenture, may
provide. |