There Is a Newer Version of the Georgia Code
  1. 2024 Georgia Code
  2. 2023 Georgia Code
  3. 2022 Georgia Code
  4. 2006 Georgia Code (here)
  5. View All Versions
View Our Newest Version Here

2006 Georgia Code - 2-10-5

2-10-5. In addition to any other powers conferred in this article, the authority shall have the following powers: (1) To have a seal and alter it at its pleasure; (2) To acquire, by purchase, lease, gift, or otherwise, and to hold, lease, and dispose of in any manner, real and personal property of every kind and character for its corporate purposes; (3) To appoint such additional officers, who need not be members of the authority, as the authority deems advisable; (4) To employ such experts, agents, and employees as, in its judgment, may be necessary to carry on properly the business of the authority; to fix the compensation of such officers, experts, agents, and employees; and to promote and discharge same, provided that the total compensation paid such persons shall not exceed the sum of $25,000.00 per year; (5) To make such contracts and agreements as the legitimate and necessary purposes of this article shall require, to execute and perform lease contracts for projects as permitted by this article, and to make all other contracts and agreements as may be necessary to the proper performance of any action permitted by this article; (6) To build, rebuild, construct, reconstruct, repair, improve, extend, enlarge, modernize, equip, maintain, own, operate, manage, and lease projects located on property owned by the authority and to pay the cost, in whole or in part, of any such action or actions from the proceeds of bonds; (7) To borrow money for any of its corporate purposes and to issue bonds for such purposes as provided in this article; (8) To exercise any power granted to private corporations not in conflict with the Constitution and laws of this state nor with other provisions of this article; (9) To do and perform all things necessary or convenient to carry out the powers conferred upon the authority by this article; (10) By or through its agents or employees, to enter upon any lands, waters, and premises in the state for the purpose of making such surveys, soundings, drillings, and examinations as the authority may deem necessary or convenient for the purposes of this article; and such entry shall not be deemed a trespass; the authority shall, however, make reimbursement for any actual damage resulting from such activities; (11) To make reasonable regulations for the installation, construction, maintenance, repair, renewal, removal, and relocation of the pipes, mains, conduits, cables, wires, poles, towers, tracks, and other equipment and appliances of any public utility in, on, along, over, or under any project; and (12) To prescribe rules and regulations for the operation of each project, should the authority deem such rules and regulations necessary.

Disclaimer: These codes may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.