1-16A-45. Maintenance, rental and funding agreements in bond resolution.
93 words·~1 min read·
/sd/title-1/chapter-1-16/1-16a-45A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The resolution under which the bonds are authorized to be issued and any such trust indenture, mortgage, or deed of trust may contain any agreements and provisions respecting the maintenance of the properties covered thereby, the fixing and collection of rents for any portions thereof leased by the authority to others, the creation and maintenance of special funds from such revenues and the rights and remedies available in the event of default, including the designation of a trustee, all as the authority shall deem advisable and not in conflict with the provisions hereof.