California Government Code

§ 26426

GOV § 26426Div. 2 · Title 3 · Part 2 · Ch. 15 · Art. 2

Statute text

An indenture may include a clause relating to the bonds issued thereunder requiring the board to hold in trust the revenues pledged to the payment of such bonds and the interest thereon, or to any reserve or other fund created for the further protection of the bonds, and to apply such revenues or cause them to be applied only as provided in the indenture.

Legislative history

Added by Stats. 1947, Ch. 822.