The authority is authorized, subject to any prior resolution or trust indenture, to provide by resolution for the issuance of revenue refunding bonds of the authority for the purpose of refunding any revenue bonds issued under this article and then outstanding, together with accrued interest thereon. The issuance of such revenue refunding bonds, the maturities and all other details thereof, the rights of the holders thereof, and the duties of the authority in respect to the same shall be governed by this article insofar as the same may be applicable.
(Ga. L. 1953, Jan.-Feb. Sess., p. 302, § 26; Code 1933, § 95A-1263, enacted by Ga. L. 1973, p. 947, § 1.)
RESEARCH REFERENCES
ALR.
- Power of municipal corporation to refund special assessment bonds, 102 A.L.R. 202.
Power of municipality or other governmental body to issue refunding bonds to retire obligation in respect of which the creation and maintenance of a sinking fund by taxation is required by constitutional or statutory provision, 157 A.L.R. 794.
Power of governmental unit to issue bonds as implying power to refund them, 1 A.L.R.2d 134.