| | 2.__Pledging unencumbered revenues or assets of board.__ | Pledging all or any part of the unencumbered revenues or | assets of the board to secure the payment of the securities or | any issue of securities, subject to such agreements with | holders of securities as may then exist; |
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| | 3.__Setting aside reserves or sinking funds.__Setting aside | reserves or sinking funds and the regulation and disposition | of the funds; |
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| | 4.__Limitations on use of proceeds of sale of securities.__ | Limitations on the use to which the proceeds of the sale of | securities may be applied and pledging those proceeds to | secure the payment of the securities or of any issue of | securities; |
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| | 5.__Limitations on issuance of additional securities.__ | Limitations on the issuance of additional securities, the | terms upon which additional securities may be issued and | secured and refunding outstanding or other securities; |
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| | 6.__Amendment or abrogation of contract terms; procedure.__ | The procedure, if any, by which the terms of any contract with | holders of securities may be amended or abrogated, the amount | to which the holders of securities must consent and how that | consent may be given; |
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| | 7.__Limitations on money expended by authority for expenses. | Limitations on the amount of money to be expended by the board | for operating, administrative or other expenses of the board; |
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| | 8.__Vesting of rights in trustee; powers and duties in | trust.__Vesting a trustee or trustees with such property, | rights, powers and duties in trust as the board may determine, | which may include any or all of the rights, powers and duties | of the trustee appointed for the holders of securities issued | pursuant to this Act; |
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| | 9.__Default.__Defining the acts or omissions to act that | constitute a default in the obligations and duties of the | board to the holders of the securities and providing for the | rights and remedies of the holders of the securities in the | event of that default, including as a matter of right the | appointment of a receiver, but only if the rights and remedies | are not inconsistent with the general laws of the State and | this Act; and |
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| | 10.__Other matters.__Matters other than those stated in this | section that in any way affect the security or protection of | the holders of the securities. |
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