Only after notice is published once a week for four weeks in the official organs of all the counties bordering Lake Lanier and in the official organ of Fulton County, the property described in this part shall be leased as deemed appropriate by the authority at public auction or by sealed competitive bids. The authority shall have the privilege of setting minimum prices below which no bid for lease shall be accepted. When in the opinion of the authority the public welfare demands it, the authority may conclude any authorized lease by private negotiation after first giving notice to the Attorney General of the particulars.
History. Ga. L. 1962, p. 736, § 9.
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