Revenue bonds issued under provisions of this division shall not constitute a debt
or a pledge of the faith and credit of the State of Georgia or of any political subdivision
thereof, but such bonds shall be payable from the rentals, revenues, and funds of
the authority as provided in the resolutions or trust agreements or indentures authorizing
or securing the issuance and payment of such bonds, and the issuance of such bonds
shall not directly, indirectly, or contingently obligate the state or any political
subdivision thereof to levy or pledge any form of taxation whatever for the payment
thereof. No owner of any such bond or receiver or trustee in connection therewith
shall have the right to enforce the payment thereof against any property of the state
or of any political subdivision thereof nor shall any such bond constitute a charge,
lien, or encumbrance, legal or equitable, upon any such property. All such bonds shall
contain on their face a recital setting forth substantially the foregoing provisions
of this section.
(1970 Ga. Laws (Act No. 786), page 2126, § 8)
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