§ 8-301. Definitions.

(a)

As used in this chapter, the words "port authority" shall mean "Savannah Port Authority".

Editor's note— In conformance with the 1965 Amendment, the word "district" is changed to "port" throughout the provisions of this codification.

(b)

The word "project" shall be deemed to mean and include the acquisition of lands, properties and improvements for industrial expansion and development; the improvement of lands and properties for industrial use; construction of industrial and manufacturing plants for the purpose of selling, leasing or renting the same to private persons, firms or corporations; the acquisition and/or construction of wharves, docks and terminals for the purpose of selling, renting or leasing the same to private persons, firms or corporations; the acquirement and construction of roads, highways, bridges, causeways and approaches necessary or incidental to the use and development of facilities acquired; the acquiring or construction of railway, truck and other terminals for the purpose of selling, leasing or renting the same; to acquire by purchase the properties and/or capital stock of public service corporations for the purpose of selling, leasing or renting the same to persons, firms or corporations authorized by law to engage in the conduct of such business or operation; to acquire and operate ship or ships as ferries upon and along the Savannah River and harbor; the acquisition and construction of administrative buildings and other administrative facilities for its own use in whole or in part; and for the purposes of leasing, renting or selling the same, in whole or in part, to others; as said authority may find necessary or advisable in connection with any of its projects or in the implementation of any plan for the coordinate and orderly development of traffic and industry within the port district under the jurisdiction of said authority. The authority shall have the right to operate its projects and may do so when such operation may be deemed by it to be necessary or desirable in aid of its purposes.

(c)

The term "cost of the project" shall embrace the cost of construction, the costs of all lands, properties, easements, rights and franchises acquired, the cost of machinery and equipment, financing charges, interest prior to and during construction and for one year after completion of construction, cost of engineering, architectural and legal expenses, and of plans and specifications and other expenses necessary or incident to determining the feasibility of the project, administrative expense, and such other expense as may be necessary or incident to the financing herein authorized, the construction of any project and placing the same in operation.

(1951 Ga. Laws, page 190, § 4; 1956 Ga. Laws, page 329, § 2; 1965 Ga. Laws, page 675, § 1)