The authorizing resolution may provide for the execution by the Arkansas Development Finance Authority with a bank or trust company within or without the State of Arkansas of a trust indenture which may contain any terms, covenants, and conditions that are deemed desirable by the authority, including, without limitation, those pertaining to the maintenance of various funds and reserves, the nature and extent of the security, the custody and application of the proceeds of the bonds, the collection and disposition of revenues, the issuance of additional bonds, and the nature of the pledge and security, whether parity or priority, in that event, and the rights, duties, and obligations of the authority, of the trustee, and of the holders and registered owners of the bonds.
Section: Previous 22-3-902 22-3-903 22-3-905 22-3-906 22-3-907 22-3-908 22-3-909 22-3-910 22-3-911 22-3-912 22-3-913 22-3-914 22-3-915 22-3-916 NextLast modified: November 15, 2016