LD 1406
pg. 16
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LR 1248
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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