Section 51355 Of Chapter 7. Revenue Bonds From California Health And Safety Code >> Division 31. >> Part 3. >> Chapter 7.
51355
. Any resolution or resolutions authorizing any bonds or issue
therefor may contain provisions, which shall be a part of the
contract or contracts with the holders thereof, as to:
(a) Pledging all or any part of the revenues of the agency to
secure the payment of the bonds or any issue thereof, subject to such
agreements with bondholders as may then exist.
(b) Pledging all or any part of the assets of the agency,
including mortgages and obligations securing the same, to secure the
payment of the bonds or any issue thereof, subject to such agreements
with bondholders as may then exist.
(c) The use and disposition of the gross income from mortgages
owned by the agency and payment of principal of mortgages owned by
the agency.
(d) The setting aside of reserves or sinking funds and the
regulation and disposition thereof.
(e) Limitations on the purposes to which the proceeds of a sale of
bonds may be applied and pledging such proceeds to secure the
payment of the bonds or of any issue thereof.
(f) Limitations on the issuance of additional bonds, the terms
upon which additional notes or bonds may be issued and secured, and
the refunding of outstanding bonds.
(g) The procedure, if any, by which the terms of any contract with
bondholders may be amended or abrogated, the amount of bonds the
holders of which must consent thereto, and the manner in which such
consent may be given.
(h) Limitations on the amount of moneys to be expended by the
agency for operating expenses of the agency.
(i) Vesting in a trustee or trustees such property, rights,
powers, and duties in trust as the agency may determine, and
providing for or limiting or abrogating the right of the bondholders
to appoint a trustee or limiting the rights, powers, and duties of
such trustee.
(j) Defining the acts or omissions to act which shall constitute a
default in the obligations and duties of the agency to the holders
of the bonds and providing for the rights and remedies of the holders
of the bonds in the event of such default. However, such rights and
remedies shall not be inconsistent with the general laws of the state
and the other provisions of this division.
(k) Any other matters of like or different character, which in any
way affect the security, protection, or investment return of the
holders of the bonds.