California Public Utilities Code ARTICLE 3 - Equipment Trust Certificates

• Section 103550.
  The district shall have power to purchase transit equipment such as cars, trolley buses and motorbuses, or rolling equipment, and may execute agreements, leases, and...
• Section 103551.
  The agreement to purchase or lease may direct the vendor or lessor to sell and assign or lease the rolling equipment to a bank or...
• Section 103552.
  The agreements and leases shall be duly acknowledged before a person authorized by law to take acknowledgments of deeds and in the form required for...
• Section 103553.
  The covenants, conditions, and provisions of the agreements, leases, and equipment trust certificates shall not conflict with any of the provisions of any trust agreement...
• Section 103554.
  An executed copy of each such agreement and lease shall be filed in the office of the Secretary of State, who shall be entitled to...

Last modified: October 22, 2018