All revenue bonds issued under this article shall have and are declared to have all the qualities and incidents of negotiable instruments under the negotiable instruments law of the state. Such bonds, their transfer, and the income therefrom shall be exempt from all taxation in this state.
History. Ga. L. 1953, Jan.-Feb. Sess., p. 302, § 16; Code 1933, § 95A-1253, enacted by Ga. L. 1973, p. 947, § 1.
Structure Georgia Code
Title 32 - Highways, Bridges, and Ferries
Chapter 10 - Public Authorities
Article 2 - State Road and Tollway Authority
§ 32-10-90. Form and Issuance of Bonds; Pledging of Tolls and Other Project Revenues
§ 32-10-90.1. Garvee Bond Provisions
§ 32-10-91. Obtaining of Loans and Issuance and Sale of Notes and Bonds; Sale of Obligations
§ 32-10-92. Bonds Authorized by Resolution; Specification of Terms; Public or Private Sale
§ 32-10-93. Execution, Seal, and Signing of Bonds
§ 32-10-94. Bonds as Negotiable Instruments; Tax Exemption
§ 32-10-96. Issuance of Interim Receipts, Interim Certificates, and Temporary Bonds
§ 32-10-97. Replacement of Lost or Mutilated Bonds
§ 32-10-98. Resolutions for Bond Issuance; Issuance of Bonds of a Single Issue
§ 32-10-99. Credit of State Not Pledged
§ 32-10-100. Trust Indenture as Security for Bonds
§ 32-10-101. Payment of Bond Proceeds to Trustee
§ 32-10-102. Pledges of Revenues, Tolls, and Earnings; Creation and Disposition of Sinking Funds
§ 32-10-103. Rights and Remedies of Holders of Bonds or Interest Coupons and of Indenture Trustees
§ 32-10-105. Investment of Funds in Bonds; Deposit of Bonds as Securities
§ 32-10-106. Protection of Interests and Rights of Bondholders
§ 32-10-107. Confirmation and Validation of Bonds
§ 32-10-108. Transfer of Projects to State Highway System Free From Tolls
§ 32-10-109. Covenant With Holders as to Tax-Exempt Status of Authority Property and Bonds