§ 42-2704.04. Trust indenture to secure bonds or notes; provisions protecting holders; expenses treated as operating expenses.

Current through October 23, 2012

(a) Authority. -- The Agency may secure bonds, notes, or other obligations by a trust indenture between the Agency and a corporate trustee which has the authority to exercise corporate trust powers within the District.

(b) Provisions. -- A trust indenture of the Agency may contain provisions for protecting and enforcing the rights and remedies of holders of bonds or notes in accordance with the provisions of the resolution authorizing the sale of bonds or notes.

                
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(Mar. 3, 1979, D.C. Law 2-135, § 404, 25 DCR 5008; Apr. 20, 1999, D.C. Law 12-247, § 2(q), 46 DCR 1100.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 45-2134.

1973 Ed., § 45-1919.

Legislative History of Laws

For legislative history of D.C. Law 2-135, see Historical and Statutory Notes following § 42-2701.01.

For legislative history of D.C. Law 12-247, see Historical and Statutory Notes following § 42-2701.01.