• § 12-3-190 - Short Title
  This part may be cited as the "Stone Mountain Memorial Association Act."
• § 12-3-191 - Definitions
  As used in this part, the term: (1) "Association" means the Stone Mountain Memorial Association created by this part or any authority or body...
• § 12-3-192 - Creation of Association
  (a) There is created a body corporate and politic and instrumentality and public corporation of this state to be known as the Stone Mountain...
• § 12-3-192.1 - Purposes of Association
  The purposes of the Stone Mountain Memorial Association shall include: (1) To preserve the natural areas situated within the Stone Mountain Park area; (2)...
• § 12-3-193 - Members of Association; Terms; Vacancies; Officers; Bylaws; Quorum; Reimbursement for Expenses; Compensation of Employees; Books and Records
  (a) The association shall be composed of the commissioner of natural resources or his or her designee and eight members to be appointed by...
• § 12-3-194 - Powers of Association Generally
  The association shall have, in addition to any other powers conferred in this part, the following powers: (1) To have a seal and alter...
• § 12-3-194.1 - Police and Legislative Powers of Association; Appointment of Peace Officers; Jurisdiction and Venue of Park Offenses; Sale of Confederate Memorabilia
  (a) (1) The association is empowered to exercise such of the police powers of the state as may be necessary to maintain peace and...
• § 12-3-194.2 - Adherence to Master Plan; Survey Required; Amendment of Plan; Uses to Which Natural District May Be Put
  (a) The association, in the exercise of its authority to develop, manage, preserve, and protect Stone Mountain, shall be guided by and shall adhere...
• § 12-3-195 - Obligations of State Under Lease Contracts With Association; Failure or Refusal of Lessee to Perform; Assignment of Rentals Due
  (a) The rentals contracted to be paid by the state or any department, agency, or institution of the state to the association under leases...
• § 12-3-196 - Condemnation of Property for Developing Stone Mountain; Conveyance of Property and Rights of Way to Association; Facilities, Equipment, and Services
  (a) In the event any portion of Stone Mountain proper or of the area surrounding the mountain, which portion or area may be necessary...
• § 12-3-197 - Transfer of Funds to Association
  The Governor is authorized and directed to transfer to the association, for use in acquiring Stone Mountain and the surrounding area, any available funds...
• § 12-3-198 - Location, Construction, Improvement, and Maintenance of Highways, Roads, Streets, and Rights of Way
  (a) The State Transportation Board is authorized to make such studies and estimates in connection with the location and relocation of highways, roads, streets,...
• § 12-3-199 - Association Fund
  (a) All revenues in excess of all obligations of the association of every nature which are not otherwise pledged or restricted as to disposition...
• § 12-3-200 - Revenue Bonds -- Power of Association to Adopt Resolutions Providing for and to Issue Bonds
  The association, or any association, authority, or body which has succeeded or which may in the future succeed to the powers, duties, and liabilities...
• § 12-3-201 - Revenue Bonds -- Sale by Public Competitive Bidding; Determination of Price and Rate of Interest; Dating of Bonds; Payment of Principal and Interest; Time of Maturity
  (a) All bonds of the association shall be sold at public competitive bidding at a price of not less than par plus accrued interest...
• § 12-3-202 - Revenue Bonds -- Form; Denominations; Place of Payment of Principal and Interest; Issuance in Coupon or Registered Form
  The association shall determine the form of the bonds, including any interest coupons to be attached thereto, and shall fix the denomination or denominations...
• § 12-3-203 - Revenue Bonds -- Signatures; Seal
  All bonds shall be signed by the chairman of the association, shall be attested by the secretary thereof, and shall bear the official seal...
• § 12-3-204 - Revenue Bonds -- Status As Negotiable Instruments; Tax Exemption for Bonds and Income Therefrom
  All bonds issued under this part shall have and are declared to have all the qualities and incidents of negotiable instruments under the negotiable...
• § 12-3-205 - Revenue Bonds -- Use and Manner of Disbursement of Proceeds; Procedure Where Proceeds are Less Than or Greater Than Cost of Projects
  The proceeds of bonds shall be used solely for the payment of the cost of the project and shall be disbursed upon requisition or...
• § 12-3-206 - Revenue Bonds -- Issuance of Interim Receipts, Interim Certificates, and Temporary Bonds
  Prior to the preparation of definitive bonds, the association may, under like restrictions, issue interim receipts, interim certificates, or temporary bonds, with or without...
• § 12-3-207 - Revenue Bonds -- Replacement of Mutilated, Destroyed, or Lost Bonds
  The association may provide for the replacement of any bond which becomes mutilated or is destroyed or lost.
• § 12-3-208 - Revenue Bonds -- Immediate Effectiveness of Resolutions Providing for Issuance of Bonds; Time and Manner of Passage of Resolutions
  Resolutions for the issuance of bonds may be adopted without any other proceedings or the happening of any other conditions or things than those...
• § 12-3-209 - Revenue Bonds -- Status As Constituting Debt or Pledge of Credit of State; Effect of Issuance of Bonds on Obligation of State to Tax or Make Appropriations; Recitals on Face of Bonds
  Bonds issued under this part shall not be deemed to constitute a debt of the State of Georgia or a pledge of the credit...
• § 12-3-210 - Revenue Bonds -- Securing Bonds by Trust Indenture
  (a) In the discretion of the association, any issue of bonds may be secured by a trust indenture by and between the association and...
• § 12-3-211 - Revenue Bonds -- Designation of Recipient of Bond Proceeds
  The association shall, in the resolution providing for issuance of bonds or in the trust indenture, provide for the payment of the proceeds of...
• § 12-3-212 - Revenue Bonds -- Establishment of Sinking Funds for Payment of Principal, Interest, and Other Costs
  (a) The revenues, rents, and earnings derived from the project may be pledged by the association to the payment of principal and interest on...
• § 12-3-213 - Revenue Bonds -- Revenue Refunding Bonds
  The association is authorized, subject to the provisions of any prior resolution or trust indenture, to provide by resolution for the issuance of refunding...
• § 12-3-214 - Revenue Bonds -- Remedies of Bondholders, Coupon Holders, and Trustee
  Except to the extent the rights given in this Code section may be restricted by resolution passed before the issuance of bonds or by...
• § 12-3-215 - Revenue Bonds -- Status As Legal Investment and As Securities for Deposits
  The bonds authorized by this part shall be securities in which all public officers and bodies of the state; all municipalities and all municipal...
• § 12-3-216 - Revenue Bonds -- Protection of Bondholders; Part As Constituting a Contract With Bondholders
  While any of the bonds issued by the association remain outstanding, the powers, duties, or existence of the association or of its officers, employees,...
• § 12-3-217 - Revenue Bonds -- Validation
  Bonds of the association shall be confirmed and validated in accordance with the procedure of Article 3 of Chapter 82 of Title 36.
• § 12-3-218 - Moneys Received by Association As Constituting Trust Funds; Bondholders' Lien on Funds
  All moneys received pursuant to the authority of this part, whether as proceeds from the sale of bonds or as revenues, tolls, and earnings,...
• § 12-3-219 - Association Property, Activities, Income, and Bonds Exempt From Taxation and Assessment; Facilities, Services, and Charges Subject to Certain Taxes
  (a) It is found, determined, and declared that the creation of the association and the carrying out of its corporate purposes are in all...
• § 12-3-220 - Venue and Jurisdiction for Actions Under Part
  Any action to declare, protect, or enforce any rights or duties under this part, brought in the courts of the state, shall be brought...

Last modified: October 14, 2016