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Georgia State Code
Title      46
Chapter       9  
Section Navigation     1 ... 20         21 ... 43    
    44 ... 53         54 ... 92    
   110 ... 136       137 ... 172   
   190 ... 216       230 ... 252   
   253 ... 278         279 ... 323   
   324 ... 332     
Section<<< 279 280 281 290 291 300 320 321 322 323 >>>  
Title 46, Chapter 9, Section 279 (46-9-279)

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.

Sunday May 24 04:14 EDT


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