While any of the bonds issued by the authority remain outstanding, the powers, duties
or existence of said authority or of its officers, employees or agents or of any department,
board, commission or agency of the state, or any political subdivision or municipal
corporation thereof, shall not be diminished or impaired in any manner that will affect
adversely the interests and rights of the holders of such bonds, and no other entity,
department, agency or authority will be created which will compete with the authority
to such an extent as to affect adversely the interests and rights of the holders of
such bonds, nor will the state, any political subdivision or municipal corporation,
itself so compete with the authority. The provisions of this division shall be for
the benefit of the state, political subdivisions and municipal corporations thereof,
the authority and the holders of any such bonds, and, upon the issuance of bonds under
the provisions hereof, shall constitute a contract with the holders of such bonds.
(1980 Ga. Laws (Act No. 1373), page 4488, § 24)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
