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. History. — Ga. L. 1958, p. 61, § 17. 135 12-3-208 CONSERVATION & NATURAL RES. 12-3-210 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 proceedings, conditions, and things which are specified or required by this part. Any resolution providing for the issuance of bonds under this part shall become effective immediately upon its passage and need not be published or posted. Any such resolution may be passed at any regular, special, or adjourned meeting of the association by a majority of its members. History. — Ga. L. 1958, p. 61, § 18. 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 of the state. Such bonds shall be payable solely from the fund provided for in Code Section 12-3-212; and the issuance of such bonds shall not directly, indirectly, or contingently obligate the state to levy or to pledge any form of taxation whatsoever therefor or to make any appropriation for their payment. All such bonds shall contain recitals on their face covering substantially the foregoing provisions of this Code section. History. — Ga. L. 1958, p. 61, § 19. 12-3-210. Revenue bonds — Securing bonds by trust indenture.