reglab/housing_qa huggingface dataset:
GA Code § 12-3-262 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-262. Revenue Bonds - Securing by Trust Indenture

  In the discretion of the authority, any issue of such revenue bonds may be secured by a trust indenture by and between the authority and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or outside of the state. Such trust indenture may pledge or assign rents, revenues, and earnings to be received by the authority.   Either the resolution providing for the issuance of revenue bonds or the trust indenture may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including covenants setting forth the duties of the authority in relation to the acquisition of property; the construction of the project; the maintenance, operation, repair, and insurance of the project; and the custody, safeguarding, and application of all moneys and may also provide that any project shall be constructed and paid for under the supervision and approval of consulting engineers or architects employed or designated by the authority and satisfactory to the original purchasers of the bonds issued therefor. The resolution or the trust indenture may also require that the security given by contractors and by any depository of the proceeds of the bonds or revenues or other moneys be satisfactory to such original purchasers and may also contain provisions concerning the conditions, if any, upon which additional revenue bonds may be issued.   It shall be lawful for any bank or trust company incorporated under the laws of this state to act as such depository and to furnish such indemnifying bonds or pledge such securities as may be required by the authority.   The trust indenture may set forth the rights and remedies of the bondholders and of the trustee and may restrict the individual right of action of bondholders as is customary in trust indentures securing bonds and debentures of corporations.   In addition to the foregoing, the trust indenture may contain such other provisions as the authority may deem reasonable and proper for the security of the bondholders.   All expenses incurred in carrying out the trust indenture may be treated as a part of the cost of maintenance, operation, and repair of the project affected by the indenture.    (Ga. L. 1950, p. 152, §§ 19, 20; Ga. L. 1960, p. 89, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 159.   C.J.S.   - 81A C.J.S., States, § 452.
GA Code § 12-3-263 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-263. Revenue Bonds - Payment of Proceeds to Trustee

 The authority shall, in the resolution providing for issuance of revenue bonds or in the trust indenture, provide for the payment of the proceeds of the sale of the bonds to any officer, person, agency, bank, or trust company. The recipient so designated by the authority shall act as trustee of such funds and shall hold and apply the same to the purposes enumerated in this part, subject to such regulations as this part and such resolution or trust indenture may provide.   (Ga. L. 1950, p. 152, § 20; Ga. L. 1960, p. 89, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 159.
GA Code § 12-3-264 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-264. Revenue Bonds - Pledging and Allocating Funds to Payment of Bonds; Establishment of Sinking Fund for Payment of Principal, Interest, and Other Costs

  The revenues, rents, and earnings derived from any particular project or combined projects; any and all funds from any source received by any department, board, commission, or agency of the State of Georgia and pledged and allocated by it to the authority as security for the performance of any lease or leases; or any and all revenues, rents, and earnings received by the authority, regardless of whether or not such rents, earnings, and revenues were produced by a particular project for which bonds have been issued, may, unless otherwise pledged and allocated, be pledged and allocated by the authority to the payment of the principal and interest on revenue bonds of the authority as the resolution authorizing the issuance of the bonds or the trust instrument may provide.   Such funds so pledged from whatever source received, which pledge may include funds received from one or more or all sources, shall be set aside at regular intervals as may be provided in the resolution or trust indenture into a sinking fund, which sinking fund shall be pledged to and charged with the payment of:   The interest upon such revenue bonds as such interest shall fall due;   The principal of the bonds as the same shall fall due;   The necessary charges of paying agents for paying principal and interest; and   Any premium upon bonds retired by call or purchase.     The use and disposition of such sinking fund shall be subject to such regulations as may be provided in the resolution authorizing the issuance of the revenue bonds or in the trust indenture, but, except as may otherwise be provided in such resolution or trust indenture, such sinking fund shall be a fund for the benefit of all revenue bonds without distinction or priority of one over another.   Subject to the provisions of the resolution authorizing the issuance of the bonds or in the trust indenture, surplus moneys in the sinking fund may be applied to the purchasing or redemption of bonds, and any such bonds so purchased or redeemed shall forthwith be canceled and shall not again be issued.    (Ga. L. 1960, p. 89, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, §§ 323, 324.   C.J.S.   - 81A C.J.S., States, § 451.
GA Code § 12-3-265 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-265. Revenue Bonds - Remedies of Bondholders, Coupon Holders, and Trustees

  Any holder of revenue bonds or interest coupons issued under this part, any receiver for such holders, or any indenture trustee, if there are any, except to the extent the rights given in this Code section may be restricted by resolution passed before the issuance of the bonds or by the trust indenture, may either at law or in equity, by action, mandamus, or other proceedings, protect and enforce any and all rights under the laws of the State of Georgia or granted by this Code section or under such resolution or trust indenture and may enforce and compel performance of all duties required by this part or by resolution or trust indenture to be performed by the authority, or any officer thereof, including the fixing, charging, and collecting of revenues, rents, and other charges for the use of the project or projects.   In the event of default of the authority upon the principal and interest obligations of any revenue bond issue, any such bondholder, receiver, or trustee shall be subrogated to each and every right, specifically including the contract rights of collecting rental, which the authority may possess against the state or any department, agency, or institution of the state; and in the pursuit of its remedies as subrogee, any such bondholder, receiver, or trustee may proceed either at law or in equity by action, mandamus, or other proceedings to collect any sums by such proceedings due and owing to the authority and pledged or partially pledged directly or indirectly to the benefit of the revenue bond issue of which the individual, receiver, or trustee is representative.   No bondholder, receiver, or trustee shall have the right to compel any exercise of the taxing power of the state to pay any such bond or the interest thereon, or to enforce the payment thereof against any property of the state, nor shall any such bond constitute a charge, lien, or encumbrance, legal or equitable, upon the property of the state.   Any provision of this part or any other Code section to the contrary notwithstanding, any such bondholder or receiver or indenture trustee shall have the right by appropriate legal or equitable proceedings, including, without being limited to, mandamus, to enforce compliance by the appropriate public officials of the provisions of Article VII, Section IV of the Constitution of Georgia, and permission is given for the institution of any such proceedings to compel the payment of lease obligations.    (Ga. L. 1950, p. 152, § 20; Ga. L. 1960, p. 89, § 1; Ga. L. 1964, p. 100, § 2; Ga. L. 1983, p. 3, § 49.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, §§ 377 et seq, 393 et seq.   C.J.S.   - 81A C.J.S., States, § 452.
GA Code § 12-3-266 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-266. Revenue Bonds - Revenue Refunding Bonds

 The authority is authorized to provide by resolution for the issuance of revenue refunding bonds of the authority for the purpose of refunding any revenue bonds issued under this part and then outstanding, together with accrued interest thereon. The issuance of such revenue refunding bonds, the maturities and all other details thereof, the rights of the holders thereof, and the duties of the authority in respect to the same shall be governed by the foregoing provisions of this part insofar as the same may be applicable.   (Ga. L. 1950, p. 152, § 15; Ga. L. 1960, p. 89, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 198 et seq.   C.J.S.   - 81A C.J.S., States, § 466 et seq.
GA Code § 12-3-267 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-267. Revenue Bonds - Status as Legal Investment and as Securities for Deposits

 The bonds authorized by this part are made securities in which all public officers and bodies of this state; all municipalities and all municipal subdivisions; all insurance companies and associations and other persons carrying on an insurance business; all banks, bankers, trust companies, savings banks, and savings associations, including savings and loan associations, building and loan associations, investment companies, and other persons carrying on a banking business; all administrators, guardians, executors, trustees, and other fiduciaries; and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the state may properly and legally invest funds, including capital in their control or belonging to them. The bonds are also made securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and municipal subdivisions for any purpose for which the deposit of the bonds or other obligations of this state is now or may hereafter be authorized.   (Ga. L. 1960, p. 89, § 1.)
GA Code § 12-3-268 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-268. Revenue Bonds - Protection of Bondholders; Part As Constituting a Contract With Bondholders

 While any of the bonds issued by the authority remain outstanding, the powers, duties, or existence of the authority, or of its officers, employees, or agents, or of any department, board, commission, or agency of the state, shall not be diminished or impaired in any manner that will affect adversely the interests and rights of the holders of such bonds. No other entity, department, agency, or authority will be created which will compete with the authority to such an extent as to affect adversely the interests and rights of the holders of such bonds, nor will the state itself so compete with the authority. This part shall be for the benefit of the state, the authority, and the holders of any such bonds and, upon the issuance of bonds under the provisions of this part, shall constitute a contract with the holders of such bonds.   (Ga. L. 1950, p. 152, § 22; Ga. L. 1960, p. 89, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 27.
GA Code § 12-3-269 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-269. Revenue Bonds - Validation

 Bonds of the authority shall be confirmed and validated in accordance with the procedure provided by Article 3 of Chapter 82 of Title 36. The petition for validation shall also make party defendant to such action any authority, subdivision, instrumentality, or agency of the State of Georgia which has contracted with the Jekyll Island - State Park Authority for the use of any building, structure, or facilities for which bonds have been issued and sought to be validated. Such authority, subdivision, instrumentality, or agency shall be required to show cause, if any, why such contract or contracts and the terms and conditions thereof should not be inquired into by the court, the validity of the terms thereof determined, and the contract adjudicated as security for the payment of any such bonds of the authority. The bonds when validated and the judgment of validation shall be final and conclusive with respect to such bonds and against the authority issuing the same and any authority, subdivision, instrumentality, department, or agency contracting with the authority.   (Ga. L. 1950, p. 152, § 18; Ga. L. 1960, p. 89, § 1.)
GA Code § 12-3-270 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-270. Use of Rentals and Other Charges Collected From Leases and Contracts for Projects; Obligations Under Lease Contracts With Authority; Failure or Refusal of Lessee to Perform; Assignment of Rentals Due

  The authority is authorized to fix rentals and other charges which any department, board, commission, authority, or agency of the State of Georgia shall pay to the authority for the use of each project, or part thereof, or combination of projects. The authority is also authorized to charge and collect rentals and other charges and to lease and make contracts with any department, board, commission, authority, or agency of the State of Georgia with respect to the use by any institution or unit under its control of any project or part thereof. Such rentals and other charges shall be so fixed and adjusted in respect to the aggregate thereof from the project or projects for which a single issue of revenue bonds is issued as to provide a fund sufficient with other revenues of such project or projects, if any, to pay:   The cost of maintaining, repairing, and operating the project or projects, including reserves for extraordinary repairs and insurance and other reserves required by the resolution of trust indentures, unless such cost shall be otherwise provided for, which cost shall be deemed to include the expenses incurred by the authority on account of the project or projects for water, light, sewerage, and other services furnished by other facilities at such institution; and   The principal of the revenue bonds and the interest thereon as the same shall become due.     The rentals contracted to be paid by the state or any department, agency, or institution of the state to the authority under leases entered upon pursuant to this part shall constitute obligations of the state for the payment of which the good faith of the state is pledged. Such rentals shall be paid as provided in the lease contracts from funds appropriated for such purposes by the terms of the Constitution of Georgia. It shall be the duty of the state or any department, agency, or institution of the state to see to the punctual payment of all such rentals.   In the event of any failure or refusal on the part of the lessees punctually to perform any covenant or obligation contained in any lease entered upon pursuant to this part, the authority may enforce performance by any legal or equitable process against lessees, and consent is given for the institution of any such action.   The authority shall be permitted to assign any rental due it by the lessees to a trustee or paying agent as may be required by the terms of any trust indenture entered into by the authority.    (Ga. L. 1960, p. 89, § 1; Ga. L. 1964, p. 100, § 3.)
GA Code § 12-3-271 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-271. Utilization of Income and Revenues

 All income and revenues arising out of the operation of Jekyll Island State Park, and all gifts, grants, appropriations, or bond or loan proceeds made specifically for Jekyll Island State Park, shall be used by the authority for the sole purpose of beautifying, improving, developing, enlarging, maintaining, administering, managing, and promoting Jekyll Island State Park at the lowest rates reasonable and possible for the benefit of the people of the State of Georgia.   (Ga. L. 1950, p. 152, § 7; Ga. L. 1963, p. 391, § 5.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 63C Am. Jur. 2d, Public Officers and Employees, §§ 256, 340.
GA Code § 12-3-272 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-272. Acceptance by Authority of Grants and Contributions

 The authority, in addition to the moneys which may be received from the sale of revenue bonds and from the collection of revenues, rents, and earnings derived under this part, is authorized to accept from any federal agency grants for or in aid of the construction of any project or for the payment of bonds and to receive and accept contributions from any source of either money or property or other things of value to be held, used, and applied only for the purposes for which such grants or contributions may be made.   (Ga. L. 1950, p. 152, § 15; Ga. L. 1960, p. 89, § 1.)
GA Code § 12-3-273 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-273. Moneys Received by Authority as Constituting Trust Funds

 All moneys received pursuant to the authority of this part, whether as proceeds from the sale of revenue bonds, as grants or other contributions, or as revenues, rents, and earnings, shall be deemed to be trust funds to be held and applied solely as provided in this part.   (Ga. L. 1960, p. 89, § 1.)
GA Code § 12-3-274 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-274. Authority Property, Activities, Income, and Bonds Exempt From Taxation and Assessment

 It is found, determined, and declared that the creation of the authority and the carrying out of its corporate purpose are in all respects for the benefit of the people of this state and constitute a public purpose and that the authority will be performing an essential governmental function in the exercise of the power conferred upon it by this part. This state covenants with the holders of the bonds that the authority shall be required to pay no taxes or assessments upon any of the property acquired or leased by it, or under its jurisdiction, control, possession, or supervision, or upon its activities in the operation or maintenance of the buildings erected or acquired by it, or upon any fees, rentals, or other charges received by the authority for the use of such buildings, or upon other income received by the authority and that the authority shall be exempt from all sales and use taxes. Further, this state covenants that the bonds of the authority, their transfer, and the income therefrom shall at all times be exempt from all taxation within the state.   (Ga. L. 1950, p. 152, § 16; Ga. L. 1960, p. 89, § 1; Ga. L. 2007, p. 309, § 14/HB 219; Ga. L. 2007, p. 711, § 10/HB 214.)   Code Commission notes.   - The amendment of this Code section by Ga. L. 2007, p. 309, § 14, irreconcilably conflicted with and was treated as superseded by Ga. L. 2007, p. 711, § 10. See County of Butts v. Strahan, 151 Ga. 417 (1921).   JUDICIAL DECISIONS    Cited in  Fouche v. Jekyll Island-State Park Auth., 713 F.2d 1518 (11th Cir. 1983).   OPINIONS OF THE ATTORNEY GENERAL   Sales of tangible personal property subject to limited exemption.   - Since the purchase of tangible personal property is an activity necessary to the operation and maintenance of the authority's buildings, sales of such property to the authority are exempt to the extent that the sales are made for the purposes of carrying on the operation and maintenance of the authority's buildings. 1963-65 Op. Att'y Gen. p. 287.   RESEARCH REFERENCES   Am. Jur. 2d.   - 71 Am. Jur. 2d, State and Local Taxation, §§ 247, 253 et seq.   C.J.S.   - 84 C.J.S., Taxation, §§ 234, 250, 251.   ALR.    - Bond or warrant of governmental subdivision as subject of taxation or exemption, 44 A.L.R. 510.
GA Code § 12-3-275 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-275. Venue and Jurisdiction for Actions Under Part

 Any action to protect or enforce any rights under this part shall be brought in the Superior Court of Fulton County, Georgia, and any action pertaining to validation of any bonds issued under this part shall likewise be brought in such court, which shall have exclusive, original jurisdiction of such actions.   (Ga. L. 1950, p. 152, § 21; Ga. L. 1960, p. 89, § 1.)   Law reviews.   - For note discussing problems with venue in Georgia, and proposing statutory revisions to improve the resolution of venue questions, see 9 Ga. St. B.J. 254 (1972).   JUDICIAL DECISIONS   Waiver of immunity to state court actions.    - O.C.G.A. §§ 12-3-275 and12-3-232 waived a state park authority's immunity to suits in state court but not in federal court. Fouche v. Jekyll Island-State Park Auth., 713 F.2d 1518 (11th Cir. 1983).    Cited in M.A.R.T.A. v. McCain, 135 Ga. App. 460, 218 S.E.2d 122 (1975).   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 356.
GA Code § 12-3-276 (2021)
2021 Georgia Code|Title 12 - Conservation and Natural Resources|Chapter 3 - Parks, Historic Areas, Memorials, and Recreation|Article 7 - Public Authorities|Part 1 - Jekyll Island-State Park Authority|§ 12-3-276. Supplemental Nature of Part

 This part shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby and shall be regarded as supplemental and additional to powers conferred by other laws and shall not be regarded as in derogation of any powers now existing.   (Ga. L. 1960, p. 89, § 1.)