The leasing of the property shall be for not more than 50 years under stringent restrictive limitations as to use, the style and character of the structures allowable thereon, and such other limitations as the authority may deem wise; and all such restrictions shall be incorporated in the leases as covenants providing for forfeiture upon breach. No sublease by any tenant of the authority shall be legal without the approval of the authority.
History. Ga. L. 1962, p. 736, § 8.
Structure Georgia Code
Title 12 - Conservation and Natural Resources
Chapter 3 - Parks, Historic Areas, Memorials, and Recreation
Article 7 - Public Authorities
Part 3 - Lake Lanier Islands Development Authority
§ 12-3-314. Powers of Authority Generally
§ 12-3-315. Exercise of Police Powers by Authority; Delegation of Powers
§ 12-3-317. Lease Payments by Authority as Constituting Good, Valuable, and Sufficient Consideration
§ 12-3-320. Power of Authority to Survey, Subdivide, Improve, and Lease Island Property
§ 12-3-321. Restrictions Under Lease; Restrictions on Subleasing
§ 12-3-322. Leasing of Property by Competitive Bidding
§ 12-3-325. Revenue Bonds — Signatures; Seal
§ 12-3-328. Revenue Bonds — Issuance of Interim Receipts, Interim Certificates, and Temporary Bonds
§ 12-3-329. Revenue Bonds — Replacement of Mutilated, Destroyed, or Lost Bonds
§ 12-3-332. Revenue Bonds — Securing by Trust Indenture
§ 12-3-333. Revenue Bonds — Designation of Recipient of Bond Proceeds
§ 12-3-335. Revenue Bonds — Remedies of Bondholders, Coupon Holders, and Trustees
§ 12-3-336. Revenue Bonds — Revenue Refunding Bonds
§ 12-3-338. Revenue Bonds — Validation
§ 12-3-339. Authority Property, Activities, Income, and Bonds Exempt From Taxation and Assessment