LD 1177
pg. 16
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LR 1057
Item 1

 
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;

 
3.__Setting aside reserves or sinking funds.__Setting aside
reserves or sinking funds and the regulation and disposition
of the funds;

 
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;

 
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;

 
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;

 
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;

 
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;

 
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

 
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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