§ 8-311. Authority to enter into contracts and issue bonds.

In order to enable the Savannah Port Authority to finance the construction of facilities and to issue bonds pursuant to and as authorized by article seven, section seven, paragraph one of the Constitution of the State of Georgia, with the greatest possible dispatch, in order that such facilities may be leased to ship building plants engaged in the defense program of the United States government, the Savannah Port Authority is hereby authorized and empowered, subject to the approval of the Mayor and Aldermen of the City of Savannah, to enter into contracts for the construction of facilities, and to issue and dispose of bonds therefor in such manner and containing such terms and conditions as may be agreed upon by the Savannah Port Authority, and the contracting party leasing said land, or facilities, or constructing said facilities or purchasing said bonds, and the Savannah Port Authority is hereby expressly authorized and empowered to execute and perform all such contracts in accordance with the terms thereof, including particularly the power to sell said bonds for cash, or exchange said bonds for property or services and to construct improvements and contract for the construction of improvements, without regard to restrictions and limitations contained in any law governing municipalities or political subdivisions of the State of Georgia.

(1941 Ga. Laws, page 1753, § 1)