(a) The ordinance authorizing bonds may provide for the execution by the chief executive officer of the issuer of a trust indenture that:(1) Defines the rights of the owners of the bonds; and(2) Provides for the appointment of a trustee for the owners of the bonds.
(1) Defines the rights of the owners of the bonds; and
(2) Provides for the appointment of a trustee for the owners of the bonds.
(b) A trust indenture executed under this section may:(1) Provide for the priority between and among successive issues; and(2) Contain one (1) or more of the provisions stated in § 14-164-809 and any other terms, covenants, and conditions that are deemed desirable.
(1) Provide for the priority between and among successive issues; and
(2) Contain one (1) or more of the provisions stated in § 14-164-809 and any other terms, covenants, and conditions that are deemed desirable.