lawskills
Google
search the Web search LawSkills.com
Did you know you can download our entire database for free?


Resources
[more] 

Georgia Caselaw:
Browse
Greatest Hits

Georgia Code: Browse

(external) Findlaw Georgia Law Resources


This site exists because of donors like you.

Thanks!


Georgia State Code
Title      42
Chapter       3  
Section Navigation     1 ... 10           11 ... 20    
    21 ... 30         31 ... 32      
Section<<< 11 12 13 14 15 16 17 18 19 20 >>>  
Title 42, Chapter 3, Section 19 (42-3-19)

Any holder of revenue bonds or interest coupons issued under this chapter, any receiver for such holders, or any indenture trustee, except to the extent the rights given in this Code section may be restricted by resolution passed before the issuance of the bonds or by the trust indenture, by action, mandamus, or other proceedings, may protect and enforce any and all rights under the laws of this state or granted under this chapter or under the resolution or trust indenture and may enforce and compel performance of all duties required by this chapter or by resolution or trust indenture to be performed by the authority or any officer thereof, including the fixing, charging, and collecting of revenues, rents, and other charges for the use of the project or projects. In the event of default of the authority upon the principal and interest obligations of any revenue bond issue, such bondholder, receiver, or indenture trustee shall be subrogated to each and every right, specifically including the contract rights of collecting rental, which the authority may possess against the Department of Corrections or other contracting or leasing department, agency, or institution of the state and in the pursuit of its remedies as subrogee, may proceed by action, mandamus, or other proceedings to collect any sums due and owing to the authority and pledged or partially pledged directly or indirectly to the benefit of the revenue bond issue of which the bondholder, receiver, or trustee is representative. No holder of any bond of the authority or receiver or indenture trustee thereof shall have the right to compel any exercise of the taxing power of the state to pay any bond or the interest thereon or to enforce the payment thereof against any property of the state; nor shall any bond of the authority constitute a charge, lien, or encumbrance, legal or equitable, upon the property of the state; provided, however, that any provision of this or any other chapter to the contrary notwithstanding, any such bondholder or receiver or indenture trustee shall have the right by appropriate legal or equitable proceedings including, without being limited to, mandamus to enforce compliance by the appropriate public officials with Article VII, Section IV of the Constitution of this state; and permission is given for the institution of any such proceedings to compel the payment of lease obligations.

Monday October 6 16:49 CDT


This site exists because of donors like you.

Thanks!


Valid HTML 4.0!

Valid CSS!





Home - Tour - Disclaimer - Privacy - Contact Us
Copyright © 2000,2002,2004 Lawskills.com