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Georgia State Code
Title      42
Chapter       3  
Section Navigation     1 ... 10         11 ... 20    
      21 ... 30         31 ... 32      
Section<<< 21 22 23 24 25 26 27 28 29 30 >>>  
Title 42, Chapter 3, Section 23 (42-3-23)

Bonds of the authority shall be confirmed and validated in accordance with the procedure of Article 3 of Chapter 82 of Title 36. The petition for validation shall also make any authority, subdivision, instrumentality, or agency of this state which has contracted with the authority for the use of any building, structure, or facilities for which bonds have been issued and sought to be validated a party defendant to the action. Such authority, subdivision, instrumentality, or agency shall be required to show cause, if any, why the contract or contracts and the terms and conditions thereof should not be inquired into by the court, the validity of the terms thereof determined, and the contract adjudicated as security for the payment of any bonds of the authority. The bonds, when validated, and the judgment of validation shall be final and conclusive with respect to the bonds and against the authority issuing the same, as well as against any authority, subdivision, instrumentality, or agency contracting with the authority.

Tuesday October 7 08:41 CDT


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