§ 9-932. Power to issue and secure bonds

Latest version.

   By resolution of its board of directors, an authority may:

   (1) Issue bonds of the authority;

   (2) Secure the payment of the bonds by pledge or deed of trust of all or any part of the revenue of the authority;

   (3) Either before or after the issuance of bonds, make any agreement that the authority considers advisable with:

      (i) A purchaser or holder of the bonds; or

      (ii) Any other person in connection with the bonds; and

   (4) Provide generally for:

      (i) The security for the bonds; and

      (ii) The rights of the holders of the bonds.

HISTORY: 1985, ch. 173, § 2.

                    
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