It is hereby found, determined and declared that the creation of the authority and
the carrying out of its corporate purposes is in all respects for the benefit of the
people of this state, and that the authority is an institution of purely public charity,
and all property of said authority is hereby declared and shall in all respects be
considered to be public property and title to such property shall be held by the authority
only for the benefit of the public, and the use of such property pursuant to the terms
of this division shall be and is hereby declared to be for public and governmental
purposes, that is, for the promotion of public general welfare in matters of cultural
development, education, pleasure, and recreation of the public at large, in an effort
to better the general condition of society, or that considerable portion of society
residing in the principal area of population of Georgia, which promotion is hereby
declared to be a public beneficence for the good of humanity and for the general improvement
and happiness of society, and all the property, income, obligations, and interest
on the obligations of the authority and the transfer thereof shall be and hereby are
declared to be nontaxable for any and all purposes.
(1970 Ga. Laws (Act No. 786), page 2126, § 5)
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');
