The association shall, in the resolution providing for issuance of 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, or any agency, bank, or trust company which, shall act as trustee of such funds and shall hold and apply the same to the purposes expressed in this part, subject to such regulations as this part and such resolution or trust indenture may provide.
History. Ga. L. 1958, p. 61, § 21.
Structure Georgia Code
Title 12 - Conservation and Natural Resources
Chapter 3 - Parks, Historic Areas, Memorials, and Recreation
Part 4 - Stone Mountain Memorial Association
§ 12-3-192. Creation of Association
§ 12-3-192.1. Purposes of Association
§ 12-3-194. Powers of Association Generally
§ 12-3-197. Transfer of Funds to Association
§ 12-3-203. Revenue Bonds — Signatures; Seal
§ 12-3-206. Revenue Bonds — Issuance of Interim Receipts, Interim Certificates, and Temporary Bonds
§ 12-3-207. Revenue Bonds — Replacement of Mutilated, Destroyed, or Lost Bonds
§ 12-3-210. Revenue Bonds — Securing Bonds by Trust Indenture
§ 12-3-211. Revenue Bonds — Designation of Recipient of Bond Proceeds
§ 12-3-213. Revenue Bonds — Revenue Refunding Bonds
§ 12-3-214. Revenue Bonds — Remedies of Bondholders, Coupon Holders, and Trustee
§ 12-3-215. Revenue Bonds — Status as Legal Investment and as Securities for Deposits
§ 12-3-217. Revenue Bonds — Validation
§ 12-3-218. Moneys Received by Association as Constituting Trust Funds; Bondholders’ Lien on Funds