Section 26435 Of Article 2. Revenue Bonds From California Government Code >> Division 2. >> Title 3. >> Part 2. >> Chapter 15. >> Article 2.
26435
. The board shall fix and determine the conditions upon which
any trustee shall receive, hold or disburse any or all revenues
collected for or on account of the bondholders. The board shall
prescribe the duties and powers of such trustee with respect to the
payment of principal and interest on the bonds, the redemption of the
bonds, the registration and discharge from registration of the
bonds, and the management of any sinking fund or other funds provided
as security for the bonds.