(a) pledging all or any part of the gross or net revenues of the authority to secure the payment of the bonds;
(b) the rentals and license fees to be charged for use of the market facilities and the amounts to be raised in each year by rentals and license fees and the use and disposition of such rentals and other revenues;
(c) the setting aside of reserves or sinking funds and the regulation and disposition thereof;
(d) limitations on the right of the authority and its successors to restrict and regulate the use of the market facilities;
(e) limitations on the purpose to which the proceeds of sale of any issue of bonds then or thereafter to be issued may be applied;
(f) limitations on the issuance of other or additional bonds;
(g) the procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated, the amount of bonds the holders of which must give consent thereto, and the manner in which such consent may be given. 5. Neither the members of the board nor any person executing the bonds shall be liable personally on the bonds or be subject to any personal liability by reason of the issuance thereof. 6. The authority shall have power out of any funds available therefor to purchase any bonds issued by it at a price not more than the principal amount thereof and accrued interest. All bonds so purchased shall be cancelled. 7. The authority shall have power, subject to the rights and with the consent of the holders of any outstanding bonds issued under the provisions of this title, to issue and sell or exchange its negotiable bonds to refund or to refinance all or any part of such outstanding bonds. All bonds issued by virtue of this section shall be authorized by resolution of the board and shall be issued upon such terms, not inconsistent with the provisions of this title, as the board may determine. Such bonds may be authorized in combination with and as part of an issue of bonds authorized to refund or to refinance and to be sold to provide funds for any purpose for which the authority is now authorized to issue bonds.
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.