2010 Georgia Code 46-9-330 Case Law
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One Click Case Law for § 46-9-330
O.C.G.A. § 46-9-329 <-- --> O.C.G.A. §46-9-331



2010 Georgia Code

TITLE 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION

CHAPTER 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY
ARTICLE 11 - SOUTHWEST GEORGIA RAILROAD EXCURSION AUTHORITY
§ 46-9-330 - Indebtedness not obligation of state or political subdivision

O.C.G.A. 46-9-330 (2010)
46-9-330. Indebtedness not obligation of state or political subdivision


No bonds, notes, or other obligations of and no indebtedness incurred by the authority shall constitute an indebtedness or obligation of the State of Georgia or any county, municipal corporation, or political subdivision thereof nor shall any act of the authority in any manner constitute or result in the creation of an indebtedness of the state or any such county, municipal corporation, or political subdivision. No holder or holders of any such bonds, notes, or other obligations shall ever have the right to compel any exercise of the taxing power of the state or any county, municipal corporation, or political subdivision thereof nor to enforce the payment thereof against the state or any such county, municipal corporation, or political subdivision.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com