Section 81907 Of Chapter 5. Community College Revenue Bond Act Of 1961 From California Education Code >> Division 7. >> Title 3. >> Part 49. >> Chapter 5.
81907
. The community college board may enter into indentures
providing for the aggregate principal amount, date or dates,
maturities, interest rates, denominations, form, registration,
transfer, and interchange of any revenue bonds and coupons issued
pursuant to this chapter, and the terms and conditions on which the
same shall be executed, issued, secured, sold, paid, redeemed,
funded, and refunded. Reference on the face of the bonds to such
indenture by its date of adoption, or the apparent date on the face
thereof, is sufficient to incorporate all of the provisions of the
indenture and of this chapter into the body of the bonds and their
appurtenant coupons. Each taker and subsequent holder of the bonds or
coupons, whether the coupons are attached to or detached from the
bonds, has recourse to all of the provisions of the indenture and of
this chapter, and is bound thereby.