Section 125704 Of Chapter 6. Bonds And Other Evidences Of Indebtedness From California Public Utilities Code >> Division 11.5. >> Chapter 6.
125704
. The agreements and leases shall be duly acknowledged before
a person authorized by law to take acknowledgments of deeds and in
the form required for acknowledgment of deeds.
The agreements, leases, and equipment trust certificates shall be
authorized by resolution of the board and shall contain covenants,
conditions, and provisions that may be deemed necessary or
appropriate to insure the payment of the equipment trust certificates
from any legally available source or sources of funds as may be
specified in the certificates.