All bonds of the authority shall be confirmed and validated in the Fulton County Superior
Court in accordance with the procedure of O.C.G.A. tit. 36, ch. 82, art. 3 (O.C.G.A.
§ 36-82-60 et seq.) the Revenue Bond Law of Georgia, as now or hereafter amended.
The petition for validation shall be brought against said authority and, in the event
the payments to be made by any political subdivision under a contract entered into
between the authority and such political subdivisions are pledged as security for
the payment of the bonds sought to be validated, such political subdivision shall
also be made a party defendant, and the defendants shall be required to show cause,
if any exists, why such contract or contracts and the terms and conditions thereof
should not be adjudicated to be in all respects valid and binding upon such defendants.
It shall be incumbent upon such defendants to defend against adjudication of the validity
and binding effect of such contract or contracts or be forever bound thereby. Notice
of such proceedings shall be included in the notice of the validation hearing required
to be issued and published by the Clerk of the Superior Court of Fulton County in
which court such validation proceeding shall be initiated. Any citizen of the State
of Georgia may intervene in the validation proceeding in accordance with the procedure
prescribed in said Revenue Bond Law, and appeal from the judgment in said proceeding
may be taken in accordance with the appellate procedure prescribed in said law. In
the event no such appeal is filed within the time prescribed by law or, if filed,
the judgment shall be affirmed on appeal, the judgment of the Fulton County Superior
Court so confirming and validating the validity and binding effect of such contract
or contracts and of such bonds and the security therefor shall be forever conclusive
upon the issue of the validity and binding effect of such contracts and bonds and
the security therefor and upon the issue of the validity and constitutionality of
this and any other act pertaining to such contracts and bonds and the security therefor
against the authority issuing the same and against the parties to such contracts and
against all residents of the State of Georgia.
(1970 Ga. Laws (Act No. 786), page 2126, § 17)
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');
