(a) The ordinance authorizing the bonds may provide for the execution by the chief executive officer of the municipality 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 26-75-608 and any other terms, covenants, and conditions that are deemed desirable.
Section: Previous 26-75-606 26-75-607 26-75-608 26-75-609 26-75-610 26-75-611 26-75-612 26-75-613 26-75-614 26-75-615 26-75-616 26-75-617 26-75-618 26-75-619 NextLast modified: November 15, 2016