Georgia § 32-10-2 - Continuation of Georgia Highway Authority; preservation of authority's powers; protection of rights of bondholders generally.
Full text of Georgia Official Code of Georgia Annotated § 32-10-2 — Continuation of Georgia Highway Authority; preservation of authority's powers; protection of rights of bondholders generally., with citation guidance and answers to common questions.
§ 32-10-2. Continuation of Georgia Highway Authority; preservation of authority's powers; protection of rights of bondholders generally.
The Georgia Highway Authority shall continue to be a body corporate and politic and an instrumentality and public corporation of this state known as the "Georgia Highway Authority." It shall continue to have perpetual existence. In this name it may contract and be contracted with, sue and be sued, implead and be impleaded, and complain and defend in all courts subject to the limitations of Code Section 32-10-50. Except as provided in this article, the powers granted by law prior to July 1, 1973, to the Georgia Highway Authority to carry out the purpose for which it was originally created shall not be impaired or diminished. Furthermore, no provision of this article is intended to diminish or impair, nor shall any provision be construed as diminishing or impairing, the rights of the holders of any bonds issued by the Georgia Rural Roads Authority or the Georgia Highway Authority or of the holders of any bonds issued by the Georgia Highway Authority outstanding before July 1, 1973; and should it be determined that any provision of this article does diminish or impair any such right in any manner, such provision is declared to be ineffective to that extent but shall be effective for all other purposes. (Ga. L. 1953, Jan.-Feb. Sess., p. 626, § 2; Ga. L. 1959, p. 11, § 2; Ga. L. 1961, p. 3, § 2; Ga. L. 1967, p. 385, § 2; Code 1933, § 95A-1202, enacted by Ga. L. 1973, p. 947, § 1.)
Frequently Asked Questions About Georgia § 32-10-2
What does Official Code of Georgia Annotated § 32-10-2 cover?
Section 32-10-2 ("Continuation of Georgia Highway Authority; preservation of authority's powers; protection of rights of bondholders generally.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 32-10-2?
A common citation format is "Official Code of Georgia Annotated § 32-10-2" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 32-10-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.