§ 17-112. Trust agreements.

Latest version.

In the resolution authorizing the bonds, the issuer of the bonds may authorize the execution of a trust agreement providing that proceeds of the non-ad valorem revenues shall be deposited with a trustee and disbursed only pursuant to the terms of such trust instrument and making such other provisions as are appropriate and desirable. Any costs incurred by the issuer of the bonds in connection with such trust arrangements shall be costs of the project or projects.

(Code 1965, § 1-53.11; Ord. No. 88-7, § 9, 7-5-88)

                    
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