Georgia Code
Article 4 - Municipal Gas Authority of Georgia
§ 46-4-104. Bonds as Legal Investments

The bonds authorized by this article shall be securities in which:
may properly and legally invest funds, including capital in their control or belonging to them. Such bonds shall also be securities which may be deposited with and shall be received by all public officers and bodies of this state and its political subdivisions for any purpose for which deposit of the bonds or other obligations of this state is authorized.
History. Code 1981, § 46-4-104 , enacted by Ga. L. 1987, p. 745, § 1.

Structure Georgia Code

Georgia Code

Title 46 - Public Utilities and Public Transportation

Chapter 4 - Distribution, Storage, and Sale of Gas

Article 4 - Municipal Gas Authority of Georgia

§ 46-4-80. Legislative Findings; Declaration of Need

§ 46-4-81. Definitions

§ 46-4-82. Creation of Authority; Principal Office; Legal Situs

§ 46-4-83. Membership Election Committee; Election of Members of the Authority

§ 46-4-84. Authority Members — Representation of Political Subdivisions; Eligibility of Election Committee Members; Successive Terms

§ 46-4-85. Authority Members — Terms of Office

§ 46-4-86. Election Committee Members

§ 46-4-87. Weighted Vote of Election Committee Members; Quorum for Election Committee

§ 46-4-88. Vacancies in Membership of Authority

§ 46-4-89. Officers

§ 46-4-90. Quorum; Majority Vote

§ 46-4-91. Annual and Special Meetings

§ 46-4-92. Compensation; Expenses; Personnel

§ 46-4-93. Removal of Authority Members From Office

§ 46-4-94. Records Required

§ 46-4-95. Purpose

§ 46-4-96. Powers

§ 46-4-97. Not for Profit Operation

§ 46-4-98. Public Purpose; Tax Exemption; Payments in Lieu of Taxes

§ 46-4-99. Contracts With Political Subdivisions

§ 46-4-100. Applicability of Article to Entities With Gas Distribution Systems

§ 46-4-101. Enabling Resolution; Issuance of Revenue Bonds; Petition for Judicial Validation; Fees; Federal Tax Implications

§ 46-4-102. Necessary Parties to Revenue Bonds Validation Petition; Intervention by Citizens; Adjudication

§ 46-4-103. Failure of District Attorney to File Revenue Bonds Validation Petition

§ 46-4-104. Bonds as Legal Investments

§ 46-4-105. Pledge of Revenue to Retire Bonds

§ 46-4-106. Trust Agreement or Indenture to Secure Bonds

§ 46-4-107. Proceeds of Bonds

§ 46-4-108. Lost, Stolen, or Mutilated Bond Certificates

§ 46-4-109. Interest on Bonds After Due Date

§ 46-4-110. Cancellation or Destruction of Retired Bonds

§ 46-4-111. Records of Bond and Note Transactions Required

§ 46-4-112. Paying Agents

§ 46-4-113. Bond Anticipation Notes

§ 46-4-114. Negotiability of Bonds

§ 46-4-115. Liability of Authority Members, Political Subdivisions, and State

§ 46-4-116. Impairment of Contracts

§ 46-4-117. Appointment of Receiver Upon Default

§ 46-4-118. Charges for Use of Facilities or Services

§ 46-4-119. Revenues Held in Trust for Bondholders

§ 46-4-120. Annual Audit

§ 46-4-121. Jurisdiction for Rights Protection or Enforcement Actions

§ 46-4-122. Exemption From Regulation by Public Service Commission

§ 46-4-123. Conduct of Meetings; Records

§ 46-4-124. Effect of Other Laws

§ 46-4-125. Liberal Construction