§ 6. Definitions.

As used in this act [article], the following words and terms have the following meanings:

(a)

The word "authority" shall mean the Jackson County Airport Authority as created by the provisions of this act [article].

(b)

The word "project" shall be deemed to mean and include the acquisition, construction, equipping, maintenance, improving and operation of public airports and landing fields for the use of aircraft, and related buildings, and the usual and convenient facilities appertaining to such undertakings and extensions, and improvements of such facilities, acquiring the necessary property, both real and personal, and the lease and sale of any part or all of such facilities, including real and personal property, so as to assure the efficient and proper development, maintenance and operation of such airports and landing fields for the use of aircraft deemed by the authority to be necessary, convenient or desirable for the operation of such airports and landing fields.

(c)

The term "cost of the project" shall embrace the cost of all lands, properties, rights, easements and franchises acquired, the cost of all machinery, equipment, financing charges, interest prior to and during construction, the cost of engineering, architectural, fiscal and legal expenses, and of plans and specifications, and such other expenses as may be necessary or incident to the financing herein authorized, the construction of any project and improving the same, and the placing of the same in operation. Any obligation or expense incurred for any of the foregoing purposes shall be regarded as a part of the cost of the project and may be paid or reimbursed as such out of any funds of the authority, including the proceeds from any revenue bonds issued under the provisions of this act [article] for any such project or projects.

(d)

The terms "revenue bonds, bonds" and "obligations," as used in this act [article], shall mean revenue bonds as defined and provided for in the Revenue Bond Law (1957 Ga. Laws, page 36 et seq.), amending the law formerly known as the "Revenue Certificate Law of 1937" (1937 Ga. Laws, page 761 et seq.), as amended, and such type of obligations may be issued by the authority as authorized under said Revenue Bond Law and any amendments thereto, and, in addition, shall also mean obligations of the authority, the issuance of which are hereinafter authorized in this act [article].

(e)

Any project shall be deemed self-liquidating, if, in the judgment of the authority, the revenues and earnings to be derived by the authority therefrom, and all properties used, leasing and sold in connection therewith, will be sufficient to pay the cost of operating, maintaining and repairing, improving and extending the project and to pay the principal and interest of the revenue bonds which may be issued to finance, in whole or in part, the cost of such project or projects.