The authority may appoint one or more paying agents for each issue or series or installment of bonds. Every such paying agent shall be an incorporated bank or trust company authorized by the laws of the United States or of the state in which it is located to do a banking or trust business. The authority may make such provisions respecting paying agents as it deems necessary or useful and may enter into a contract with any paying agents containing such terms, including its compensation, and such conditions in regard to the paying agents as the authority deems necessary or useful.
History. Code 1981, § 46-4-112 , enacted by Ga. L. 1987, p. 745, § 1.
Structure 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
§ 46-4-82. Creation of Authority; Principal Office; Legal Situs
§ 46-4-83. Membership Election Committee; Election of Members of the Authority
§ 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
§ 46-4-90. 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
§ 46-4-97. 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
§ 46-4-103. 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
§ 46-4-108. 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
§ 46-4-113. 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
§ 46-4-121. Jurisdiction for Rights Protection or Enforcement Actions
§ 46-4-122. Exemption From Regulation by Public Service Commission
§ 46-4-123. Conduct of Meetings; Records