California Public Utilities Code ARTICLE 3 - Equipment Trust Certificates

• Section 105230.
  The district shall have power to purchase rail transit equipment such as cars or rolling equipment; and may execute agreements, leases, and equipment trust certificates...
• Section 105231.
  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 105232.
  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 105233.
  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...

Last modified: October 22, 2018