Any resolutions authorizing the issue of certificates may contain provisions which are part of the contract with the investing agency as to:
(a) Pledging all or any of the revenues, rentals, or receipts of the local agency from specific properties.
(b) The construction or acquisition of any public building and the duties of the board with reference thereto.
(c) The terms and provisions of the certificates.
(d) Limitations on the purposes to which the proceeds of the certificates, then or thereafter to be issued may be applied.
(e) The rate of rentals and other charges for use of the public buildings of, or for the services rendered by, the board, including limitations upon the power of the board to modify any leases or other agreements pursuant to which any rentals or other charges are payable.
(f) The setting aside of reserves or sinking funds and the regulation and disposition of them.
(g) Limitations on the issuance of additional certificates.
(h) Any other agreements with the certificate holders.
(Added by Stats. 1959, Ch. 2070.)
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.