7-15-4528 . Use of bond trustee. In connection with the issuance of bonds or the incurring of any obligation under a lease and in order to secure the payment of the bonds or obligations, the authority may: (1) vest in a trustee the right to enforce any covenant made to secure the payment of the bonds or obligations; (2) provide for the powers and duties of the trustee and limit the trustee's liabilities; and (3) provide the terms and conditions upon which the trustee or a designated proportion of the holders of bonds may enforce any covenant.
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