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Georgia State Code
Title      12
Chapter       3  
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Title 12, Chapter 3, Section 375 (12-3-375)

Except to the extent the rights given in this Code section may be restricted by a resolution passed before the issuance of the bonds or by the trust indenture, any holder of revenue bonds issued under this part, any holder of any of the coupons appertaining to such bonds, and the trustee under any trust indenture may either at law or in equity, by action, mandamus, or other proceedings, protect and enforce any and all rights under the laws of the State of Georgia which are granted by this part or under such resolution or trust indenture and may enforce and compel performance of all duties required by this part or by such resolution or trust indenture to be performed by the authority or any officer thereof, including the fixing, charging, and collection of revenues, rents, and other charges for the use of the project or projects. Notwithstanding any other provision of this Code section, no holder of such bonds shall have the right to compel any exercise of the taxing power of the state to pay any such bond or the interest thereon or to enforce the payment thereof against the property of the state, nor shall any such bond constitute a charge, lien, or encumbrance, legal or equitable, upon any property of the state.

Tuesday December 2 21:23 CST


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