Replacement of lost or mutilated bonds

The authority may also provide for the replacement of any bond which becomes mutilated or which is destroyed or lost. History. — Ga. L. 1953, Jan.-Feb. Sess., p. 626, § 21; Ga. L. 1955, p. 124, § 22; Ga. L. 1967, p. 385, § 21; Code 1933, § 95A-1221, enacted by Ga. L. 1973, p. 947, § 1. 32-10-38. Resolutions for bond issuance; issuance of bonds of a single issue. 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 article. In the discretion of the authority, bonds of a single issue may be issued for the purpose of paying the cost of any one or more, including a combination of, projects at any one location or any number of locations. Any resolution providing for the issuance of bonds under this article shall become effective immediately upon its passage and need not be published or posted, and any such resolution may be passed at any regular or special or adjourned meeting of the authority by a majority of its members. History. — Ga. L. 1953, Jan.-Feb. Sess., p. 626, § 22; Ga. L. 1955, p. 124, § 23; Ga. L. 1967, p. 385, § 22; Code 1933, § 95A-1222, enacted by Ga. L. 1973, p. 947, § 1. 32-10-39. Effect of bond issuance on state debt; recitals on face of bonds regarding such effect. Bonds issued under this article shall not be deemed to constitute a debt of the State of Georgia or a pledge of the credit of the state, but 430 32-10-40 such bonds shall be payable solely from the fund provided for in Code Section 32-10-42; 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 the payment; and all such bonds shall contain recitals on their face covering substantially the foregoing provisions of this Code section. History. — Ga. L. 1953, Jan.-Feb. Sess., p. 626, § 23; Ga. L. 1955, p. 124, § 24; Ga. L. 1967, p. 385, § 23; Code 1933, § 95A-1223, enacted by Ga. L. 1973, p. 947, § 1. 32-10-40. Trust indentures as security for bonds.