THE STATE OF GEORGIA
EXECUTIVE ORDER
BY THE GOVERNOR:
WHEREAS:
I have been informed by officials of the Georgia Ports Authority (the "Issuer") that the Issuer desires to issue Tax-Exempt Adjustable Mode Revenue Bonds (Colonel's Island Terminal Project) Series 1999 (the "Bonds") in a principal amount not to exceed $3,000,000 in order to make funds available to acquire, construct, equip, and improve dock and wharf facilities in Glynn County, Georgia, which project consists of automobile cargo handling and storage facilities including the clearing and grading of land and construction thereon of approximately 20 acres of parking facilities including paving, storm drainage, water lines, and fencing (the "Project") and to pay costs of issuance; and
WHEREAS:
The Bonds will be issued by the Issuer, which is an instrumentality of the State of Georgia; the Project's dock and wharf facilities are located entirely within the boundaries of the State of Georgia; I am the chief elected executive officer of the State of Georgia, and this Executive Order is intended solely to constitute the approval required by Section 147(f) of the Internal Revenue Code of 1986, as amended; and
WHEREAS:
A hearing related to the proposed issuance of the Bonds, open to the public, was held on August 2, 1999, for which due and reasonable notice was given in accordance with the provisions of law and the procedures established therefor; following such hearing the Issuer recommended that the issuance of the Bonds be approved, and requested this approval.
NOW, THEREFORE, PURSUANT TO THE AUTHORITY VESTED IN ME AS GOVERNOR OF THE STATE OF GEORGIA, IT IS HEREBY
ORDERED:
That I approve, solely for the purpose of satisfying the requirements for such approval under Section 147(f) of the Internal Revenue Code of 1986, as amended, and for no other purpose, the issuance of the Bonds.
IT IS FURTHER
ORDERED:
That this Executive Order shall take effect immediately upon its adoption and
that the Executive Counsel of the Governor shall place a public record of this
Executive Order in the Executive Minutes.
-
This
ATTEST:
GOVERNOR
EXECUTIVE SECRETARY
CERTIFICATION
I, Penny Brown Reynolds, Executive Counsel to Governor Roy E. Barnes of Georgia, do hereby certify that the attached Executive Order by Governor Roy E. Barnes concerning the issuance of Georgia Ports Authority Tax-Exempt Adjustable Mode Revenue Bonds (Colonel's Island Terminal Project) Series 1999 is a complete and correct copy of the original. I do further certify that the original Executive Order is maintained in the Executive Minutes by the Executive Counsel to the Governor.
Witness my hand and the executive seal this Iq"day of& , 1999.
EL Sworn to and subcribe me this I* day of
WQLd
NOTARY PUBLIC *.
-+ - b-3-95