(a) For each issue of its bonds, a Resilience Authority shall adopt a resolution that: (1) specifies and describes the resilience infrastructure; (2) generally describes the public purpose to be served and the financing transaction; (3) specifies the maximum principal amount of the bonds that may be issued; and (4) imposes terms or conditions on the issuance and sale of bonds it considers appropriate. (b) A Resilience Authority, by resolution, may: (1) specify, determine, prescribe, and approve matters, documents, and procedures that relate to the authorization, sale, security, issuance, delivery, and payment of and for the bonds; (2) create security for the bonds; (3) provide for the administration of bond issues through trust or other agreements with a bank or trust company that cover a countersignature on a bond, the delivery of a bond, or the security for a bond; and (4) take other action it considers appropriate concerning the bonds.
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