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. |