The authority shall, in the resolution providing for issuance of revenue bonds or in the trust indenture, provide for the payment of the proceeds of the sale of the bonds to any officer or person who or any agency, bank, or trust company which shall act as trustee of such funds and shall hold and apply the same to the purposes hereof, subject to such regulations as this article and Article 1 of this chapter and the resolution or trust indenture may provide.
History. Ga. L. 1951, p. 699, § 16.
Structure Georgia Code
Chapter 9 - Georgia Building Authority
§ 50-9-30. Issuance Authorized; Amount; Interest; Redemption
§ 50-9-31. Form, Denomination, Place of Payment, Registration
§ 50-9-32. Valid Signatures, Seal, Attestation
§ 50-9-33. Negotiable Instruments; Exempt From Taxation
§ 50-9-34. Manner and Price of Sale
§ 50-9-36. Interim Certificates and Temporary Bonds Authorized
§ 50-9-37. Replacement of Mutilated or Lost Bonds
§ 50-9-39. Not Debt or Pledge of Credit of State; Bonds to Contain Recital of Provisions
§ 50-9-40. Trust Indentures as Security; Provisions
§ 50-9-41. Authority to Provide for Payment of Proceeds to Person or Agency as Trustee
§ 50-9-42. Sinking Fund; Pledge and Allocation of Funds to Pay Principal and Interest
§ 50-9-43. Rights and Remedies of Bondholders
§ 50-9-45. Authorized Investment and Deposit Securities
§ 50-9-46. Validation; Parties Defendant to Action; Judgment Final and Conclusive