In all cases where the authority has adopted a resolution for the issuance of revenue bonds, and where notice has been duly served upon the district attorney for the purpose of securing a judicial validation of such bonds and the security therefor, and where, in such case, there has been a failure on the part of such district attorney or other officer to proceed within the time prescribed by this article, it shall be competent for the authority to represent such facts in writing to the court and to represent further that such failure has been without fault on the part of the authority. In such case, the Superior Court of Fulton County shall have power and authority to inquire into the facts; and, upon being satisfied that such failure has not arisen from any fault or neglect on the part of the authority, it shall be the duty of the court to pass an order directing such district attorney to proceed within ten days to file a complaint as authorized by this article. Thereafter, the proceedings shall be held in the same manner as would have been followed had such petition been duly and promptly filed in the first instance.
History. Ga. L. 1975, p. 107, § 10.
Structure Georgia Code
Title 46 - Public Utilities and Public Transportation
Chapter 3 - Electrical Service
Article 3 - Municipal Electric Authority of Georgia
§ 46-3-110. Declaration of Necessity
§ 46-3-118. Vacancies on Authority
§ 46-3-119. Officers of Authority
§ 46-3-123. Removal of Authority Members From Office
§ 46-3-124. Books and Records Generally
§ 46-3-125. Purpose of Authority
§ 46-3-126. Powers of Authority Generally
§ 46-3-130. Eligibility of Political Subdivisions to Contract With Authority
§ 46-3-131. Issuance of Revenue Bonds and Bond Anticipation Notes in General
§ 46-3-132. Validation of Contracts for Payments Pledged as Security for Bonds
§ 46-3-133. Failure of District Attorney to Pursue Judicial Validation of Bonds
§ 46-3-134. Bonds as Legal Investments; Depositing Bonds With Public Officers and Bodies of State
§ 46-3-136. Securing of Bonds by Trust Agreement or Indenture
§ 46-3-138. Mutilated, Lost, Stolen, or Destroyed Bonds and Coupons
§ 46-3-140. Cancellation of Evidences of Indebtedness and Interest Coupons
§ 46-3-141. Records of Evidences of Indebtedness Issued
§ 46-3-142. Paying Agents for Bonds
§ 46-3-143. Bond Anticipation Notes
§ 46-3-144. Negotiability of Bonds, Notes, and Other Evidences of Debt
§ 46-3-146. Preservation of Interests and Rights of Owners of Bonds and Notes
§ 46-3-150. Audits of Authority and of Funds Established in Connection With Its Debt
§ 46-3-152. Jurisdiction of Commission Over Rates, Services, and Practices of Authority
§ 46-3-153. Applicability of Other Laws to Meetings and Records of Authority
§ 46-3-154. Supplemental Nature of Powers Conferred by Article