Section 91537 Of Article 2. Industrial Development Authorities From California Government Code >> Title 10. >> Chapter 1. >> Article 2.
91537
. The issuance of bonds shall be authorized by resolution of
the board adopted at any time following the determinations provided
for in subdivision (j) of Section 91527 or Section 91530. The
resolution may, as the board deems advisable and in accordance with
the provisions of this article, provide for, or authorize the
execution of a loan agreement, the repayment obligation of which is
evidenced by the bonds, providing for, or authorize the execution of
an indenture providing for:
(a) The fixing and collection of revenues;
(b) The creation and maintenance of special funds, including
reserve and sinking funds;
(c) Limitations on expenditures of bond proceeds;
(d) The procedure, if any, by which any contract represented by
bonds may be amended or abrogated;
(e) The acts and omissions which shall constitute, and the rights
and remedies available, in an event of default. In such an event of
default, the obligations of the authority may be enforced, as
appropriate, by mandamus, by the appointment of a receiver, by
foreclosure or sale, by injunction, by specific performance, by
equitable relief, or by any one or more of such remedies or any other
remedy; and
(f) Any additional matters authorized to be included in an
indenture or which relate to the security, protection, or return of
bondholders.