Certificates of an authority shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates; mature at such time or times; bear interest at such rate or rates not exceeding 9 percent per annum; be in such denomination or denominations; be in such form, either coupon or registered; carry such conversion or registration privileges; have such rank or priority; be executed in such manner; be payable in such medium of payment, at such place or places; and be subject to such terms of redemption, with or without premium, as such resolution, its trust indenture, or mortgage may provide. In the event that any of the members or officers of the authority whose signatures appear on any certificates or coupons shall cease to be such members or officers before the delivery of such certificates, such signatures shall nevertheless be valid and sufficient for all purposes.
History. Ga. L. 1941, p. 241, § 8; Ga. L. 1957, p. 485, § 1; Code 1933, § 88-1809, enacted by Ga. L. 1964, p. 499, § 1; Ga. L. 1968, p. 1097, § 1; Ga. L. 1970, p. 144, § 1.
Cross references.
Repeal of interest rate limitations, § 36-82-123 .
Structure Georgia Code
Chapter 7 - Regulation and Construction of Hospitals and Other Health Care Facilities
Article 4 - County and Municipal Hospital Authorities
§ 31-7-72. Creation of Hospital Authority in Each County and Municipality
§ 31-7-72.1. Merger of Hospital Authorities
§ 31-7-73. Creation of Additional Hospital Authority in Counties With Large Populations
§ 31-7-74. Residency Requirement; Officers; Compensation; Rules and Regulations
§ 31-7-74.2. Oath to Be Taken by Members of Hospital Authority
§ 31-7-74.4. Board Members Deemed Directors Upon Sale or Lease of Hospital
§ 31-7-75. Functions and Powers
§ 31-7-75.1. Proceeds of Sale of Hospital Held in Trust to Fund Indigent Health Care
§ 31-7-78. Issuance and Sale of Negotiable Revenue Anticipation Certificates
§ 31-7-79. Liability on Revenue Certificates; Tax Exemption
§ 31-7-80. Form and Contents of Revenue Certificates; Validity of Signatures Thereon
§ 31-7-81. Confirmation and Validation of Revenue Certificates
§ 31-7-82. Enforcement of Rights of Revenue Certificate Holders; Procedure in Event of Default
§ 31-7-83. Investment of Surplus Moneys and Moneys Received Through Issuance of Revenue Certificates
§ 31-7-85. Contracts With Political Subdivisions
§ 31-7-86. Manner of Operating Property Conveyed or Leased to Authority
§ 31-7-87. Hypothecation or Mortgaging of Purchased Hospital Facilities
§ 31-7-88. Payment of General Obligations
§ 31-7-89. Procedure for Dissolution; Disposition of Property
§ 31-7-90. Annual Report; Budget
§ 31-7-91. Required Annual Audit
§ 31-7-93. Failure to Provide for Audit
§ 31-7-94. Grants to Hospital Authorities and Rural Hospital Organizations