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the Georgia Code
2006 Georgia Code - 2-10-34
2-10-34. 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 shall not be
diminished or impaired in any manner that will affect adversely the
interests and rights of the holders of such bonds; nor will the
state itself in any way obstruct, prevent, impair, or render
impossible the due and faithful performance by the Department of
Agriculture or the Commissioner of Agriculture or their successors
of all project rental or lease contracts and all the covenants
thereof entered into under this article; nor will the state compete
with the authority. This article shall be for the benefit of the
state, the authority, and each and every holder of the
authority´s bonds and, upon and after the issuance of bonds
under this article, shall constitute an irrevocable contract with
the holders of such bonds.
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