The authority, or any authority or body which has or which may in the future succeed
to the powers, duties and liabilities vested in the authority created hereby, shall
have power and is hereby authorized to provide by resolution for the issuance of negotiable
revenue bonds of the authority, for the purpose of paying all or any part of the cost
as herein defined by any one or more projects. The principal and interest of such
revenue bonds shall be payable solely from the special fund herein provided for such
payment. The bonds of each issue shall be dated, shall bear interest from [such] date
at such rate or rates per annum payable at such time or times as shall be determined
by the authority, principal shall mature at such time or times not exceeding 40 years
from their date or dates, shall be payable in such medium of payment as to both principal
and interest as may be determined by the authority and may be made redeemable before
maturity, at the option of the authority, at such price or prices and under such terms
and conditions as may be fixed by the authority in the resolution providing for the
issuance of bonds.
(1981 Ga. Laws (Act No. 667), page 4350, § 3)
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