Authority to Provide for Payment of Proceeds to Person or Agency as Trustee

  1. Law
  2. Georgia Code
  3. State Government
  4. Georgia Building Authority
  5. Revenue Bonds
  6. Authority to Provide for Payment of Proceeds to Person or Agency as Trustee

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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.

(Ga. L. 1951, p. 699, § 16.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 64 Am. Jur. 2d, Public Securities and Obligations, § 159.

C.J.S.

- 81A C.J.S., States, §§ 437, 443 et seq.


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