Georgia Code, Title 46, Chapter 4, Article 4 - Municipal Gas Authority of Georgia

• § 46-4-80 - Legislative Findings; Declaration of Need
  The General Assembly finds that certain political subdivisions of this state now own and operate gas distribution systems to serve their citizens, inhabitants, and...
• § 46-4-81 - Definitions
  As used in this article, the term: (1) "Authority" means the Municipal Gas Authority of Georgia and any successor thereto. Any change in name...
• § 46-4-82 - Creation of Authority; Principal Office; Legal Situs
  (a) There is created a public body corporate and politic to be known as the Municipal Gas Authority of Georgia, which shall be a...
• § 46-4-83 - Membership Election Committee; Election of Members of the Authority
  (a) The authority shall consist of nine members. The first nine members shall be elected as provided in this Code section.(b) On or before...
• § 46-4-84 - Authority Members -- Representation of Political Subdivisions; Eligibility of Election Committee Members; Successive Terms
  Each member of the authority shall be a resident of one of the political subdivisions represented on the election committee; provided, however, that an...
• § 46-4-85 - Authority Members -- Terms of Office
  Upon the expiration of the terms of the first members of the authority, members shall be elected for three-year terms, provided that in the...
• § 46-4-86 - Election Committee Members
  (a) Each political subdivision contracting with the authority for all or a substantial portion of its gas supply (other than short-term purchases) following the...
• § 46-4-87 - Weighted Vote of Election Committee Members; Quorum for Election Committee
  (a) In elections held by the election committee to elect members to the authority, each political subdivision entitled to representation on the election committee...
• § 46-4-88 - Vacancies in Membership of Authority
  Any vacancy in the membership of the authority shall be filled by a new member who shall be elected by the remaining members of...
• § 46-4-89 - Officers
  The authority shall elect from among its membership a chairman, a vice chairman, a secretary-treasurer, and an assistant secretary-treasurer. Such officers shall serve for...
• § 46-4-90 - Quorum; Majority Vote
  At all meetings of the authority, the presence in person of a majority of the members in office shall be necessary for the transaction...
• § 46-4-91 - Annual and Special Meetings
  (a) The annual meeting of the authority shall be held on the anniversary date of the first meeting of the authority unless the date,...
• § 46-4-92 - Compensation; Expenses; Personnel
  The members of the authority shall not be entitled to compensation for their services, but may be reimbursed by the authority for their actual...
• § 46-4-93 - Removal of Authority Members From Office
  The election committee shall have the power to remove from office any member of the authority for cause after written notice and public hearing.
• § 46-4-94 - Records Required
  The authority shall keep suitable books and records of all its obligations, contracts, transactions, and undertakings; of all income and receipts of every nature;...
• § 46-4-95 - Purpose
  The purpose of the authority shall be: (1) to acquire or construct, or to acquire and construct, and to operate and maintain, or to...
• § 46-4-96 - Powers
  (a) The authority shall have all powers necessary or convenient to carry out and effectuate the purpose and provisions of this article including, but...
• § 46-4-97 - Not for Profit Operation
  The authority shall not operate or construct any project for profit, except insofar as any such profit will inure to the benefit of the...
• § 46-4-98 - Public Purpose; Tax Exemption; Payments in Lieu of Taxes
  (a) It is found, determined, and declared that the creation of the authority and the carrying out of its corporate purposes are in all...
• § 46-4-99 - Contracts With Political Subdivisions
  (a) The authority may contract with any political subdivision of this state which is authorized by Code Section 46-4-100 to make such contracts for...
• § 46-4-100 - Applicability of Article to Entities With Gas Distribution Systems
  The political subdivisions with which the authority shall be authorized to contract to provide a gas supply pursuant to this article shall be those...
• § 46-4-101 - Enabling Resolution; Issuance of Revenue Bonds; Petition for Judicial Validation; Fees; Federal Tax Implications
  (a) When the authority desires to issue revenue bonds as permitted by this article, the authority shall, prior to the adoption of a resolution...
• § 46-4-102 - Necessary Parties to Revenue Bonds Validation Petition; Intervention by Citizens; Adjudication
  (a) When payments which are made by political subdivisions pursuant to contracts entered into under subsection (a) of Code Section 46-4-99 are pledged as...
• § 46-4-103 - Failure of District Attorney to File Revenue Bonds Validation Petition
  In all cases where the authority has adopted a resolution for the issuance of revenue bonds, and where notice has been duly served upon...
• § 46-4-104 - Bonds As Legal Investments
  The bonds authorized by this article shall be securities in which: (1) All public officers and bodies of this state; (2) All political subdivisions...
• § 46-4-105 - Pledge of Revenue to Retire Bonds
  (a) All or any part of the gross or net revenues and earnings derived from any particular project or system and any and all...
• § 46-4-106 - Trust Agreement or Indenture to Secure Bonds
  (a) In the discretion of the authority, any issue of revenue bonds may be secured by a trust agreement or indenture made by the...
• § 46-4-107 - Proceeds of Bonds
  (a) Proceeds of the bonds issued under authority of this article shall be used solely for the purpose of financing corporate purposes of the...
• § 46-4-108 - Lost, Stolen, or Mutilated Bond Certificates
  (a) If any bond becomes mutilated or is lost, stolen, or destroyed, the authority may execute and deliver, and the trustee may authenticate, a...
• § 46-4-109 - Interest on Bonds After Due Date
  Interest shall cease to accrue on any bond on the date that such bond becomes due for payment if said payment is made or...
• § 46-4-110 - Cancellation or Destruction of Retired Bonds
  Unless otherwise directed by the authority, every evidence of indebtedness and interest coupon paid or otherwise retired shall forthwith be marked "canceled" and shall...
• § 46-4-111 - Records of Bond and Note Transactions Required
  The fiscal officer of the authority or his agent shall maintain records containing a full and correct description of each evidence of indebtedness issued,...
• § 46-4-112 - Paying Agents
  The authority may appoint one or more paying agents for each issue or series or installment of bonds. Every such paying agent shall be...
• § 46-4-113 - Bond Anticipation Notes
  (a) The authority shall have the power and is authorized, whenever revenue bonds of the authority have been validated as provided in Code Section...
• § 46-4-114 - Negotiability of Bonds
  Notwithstanding any other law to the contrary, every evidence of indebtedness issued under this article shall have all the rights and incidences of negotiable...
• § 46-4-115 - Liability of Authority Members, Political Subdivisions, and State
  (a) Neither the members of the authority nor any person executing bonds or notes on behalf of the authority shall be personally liable thereon...
• § 46-4-116 - Impairment of Contracts
  While any of the bonds or notes issued by the authority remain outstanding, the powers, duties, or existence of the authority or of its...
• § 46-4-117 - Appointment of Receiver Upon Default
  (a) If the authority defaults on the payment of the principal or interest on any of the revenue bonds after the same become due,...
• § 46-4-118 - Charges for Use of Facilities or Services
  (a) For the purpose of earning sufficient revenue to make possible the financing with revenue bonds of the construction of the projects of the...
• § 46-4-119 - Revenues Held in Trust for Bondholders
  All funds received pursuant to authority of this article, whether as proceeds from the sale of revenue bonds or as revenues, fees, tolls, charges,...
• § 46-4-120 - Annual Audit
  The authority, together with all funds established in connection with its debt, shall be audited no less frequently than annually by an independent certified...
• § 46-4-121 - Jurisdiction for Rights Protection or Enforcement Actions
  (a) Except as provided in subsection (b) of this Code section, any action to protect or enforce any rights under this article brought in...
• § 46-4-122 - Exemption From Regulation by Public Service Commission
  (a) The rates, services, and practices relating to the exploration, manufacture, development, storage, production, transmission, and sale by the authority of gas as authorized...
• § 46-4-123 - Conduct of Meetings; Records
  Meetings of the authority shall be subject to Chapter 14 of Title 50. All records of the authority shall be subject to Article 4...
• § 46-4-124 - Effect of Other Laws
  The provisions of this article shall be regarded as supplementary and additional to and cumulative of powers conferred by other laws and shall not...
• § 46-4-125 - Liberal Construction
  This article, being for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes hereof.

Last modified: October 14, 2016