LD 906
pg. 2
Page 1 of 2 PUBLIC Law Chapter 152 LD 906 Title Page
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LR 1357
Item 1

 
operation, repair and insurance of the turnpike; the custody,
safeguarding and application of all money; and any other provisions
that the authority determines are necessary, convenient or
desirable for the security of bondholders and other lenders or of
the trustee, if any.__Any such indenture or loan or other security
agreement may restrict the individual right of action of
bondholders or other lenders to the extent the authority determines
is necessary, convenient or desirable.__All expenses incurred in
carrying out the trust indenture or loan or other security
agreement may be treated as a part of the cost of the maintenance,
operation and repair of the turnpike.

 
2.__Other agreements.__The authority may enter into an
agreement with a bank or financial institution incorporated
within or outside of the State as necessary or convenient for the
provision of trustee, paying agent, depository or other financial
services in connection with bonds issued by the authority
pursuant to this chapter, and it is lawful for any bank or trust
company to enter into any such agreements with the authority and
to furnish indemnity bonds or to pledge any securities required
by the authority.


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