Section 25847 Of Article 6. Indebtedness From California Public Utilities Code >> Division 10. >> Part 1. >> Chapter 6. >> Article 6.
25847
. 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 district and shall contain such covenants,
conditions and provisions as may be deemed necessary or appropriate
to insure the payment of the equipment trust certificates from the
revenue or income to be derived from the transit system.