(a) The ordinance authorizing the bonds may provide for the execution by the chief executive officer of the issuer of a trust indenture which defines the rights of the owners of the bonds and provides for the appointment of a trustee for the owners of the bonds.
(b) The trust indenture may provide for the priority between and among successive issues and may contain any of the provisions set forth in ยง 14-164-310 and any other terms, covenants, and conditions that are deemed desirable.
(c) A municipality or county is not required to publish an indenture or other agreement if:
(1) The ordinance that authorizes the indenture or other agreement:
(A) Is published as required by law governing the publication of an ordinance; and
(B) States that a copy of the indenture or other agreement is on file in the office of the clerk or recorder of the municipality or county for inspection by an interested person; and
(2) A copy of the indenture or other agreement is filed in the office of the clerk or recorder of the municipality or county.
Section: Previous 14-164-305 14-164-306 14-164-307 14-164-308 14-164-309 14-164-310 14-164-311 14-164-312 14-164-313 14-164-314 14-164-315 14-164-316 14-164-317 14-164-318 14-164-319 NextLast modified: November 15, 2016