Section 26424 Of Article 2. Revenue Bonds From California Government Code >> Division 2. >> Title 3. >> Part 2. >> Chapter 15. >> Article 2.
26424
. An indenture may include a clause relating to the bonds
issued thereunder which limits, restricts, or prohibits any right,
power or privilege of the board to mortgage or otherwise encumber,
sell, lease or dispose of any project constructed from the proceeds
of the bonds, or to enter into any lease or agreement which impairs
or impedes the operation of such project, or any part thereof,
necessary to secure adequate revenues or which otherwise impairs or
impedes the rights of the holders of the bonds with respect to such
revenues.