(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 14-164-406 and any other terms, covenants, and conditions that are deemed desirable.
Section: Previous 14-164-402 14-164-403 14-164-404 14-164-405 14-164-406 14-164-407 14-164-408 14-164-409 14-164-410 14-164-411 14-164-412 14-164-413 14-164-414 14-164-415 NextLast modified: November 15, 2016