The association, or any association, authority, or body which has succeeded or which may in the future succeed to the powers, duties, and liabilities vested in the association, shall have power and is authorized at one time, or from time to time, to issue negotiable bonds in a sum not to exceed $15 million in principal amount outstanding at any one time, for the purpose of paying all or any part of the cost of the project, including the acquisition of the property authorized by paragraph (2) of Code Section 12-3-194 to be acquired by the association, in the event funds for such acquisition do not become available under Code Section 12-3-197. The association shall also have the power to adopt all necessary and appropriate resolutions to provide for the issuance of such negotiable bonds.
Section: Previous 12-3-194.1 12-3-194.2 12-3-195 12-3-196 12-3-197 12-3-198 12-3-199 12-3-200 12-3-201 12-3-202 12-3-203 12-3-204 12-3-205 12-3-206 12-3-207 NextLast modified: October 14, 2016