(a) Each resolution of an industrial development authority authorizing the issuance of bonds under this chapter may provide for the execution of an indenture defining the rights of the holders and registered owners of the bonds and providing for the appointment of a trustee for the holders and registered owners of the bonds.
(b) An indenture under subsection (a) of this section may control the priority, between and among successive issues, of the pledge of revenues and mortgage lien and may control any other terms, covenants, and conditions that are deemed desirable, including without limitation those pertaining to:(1) The custody and application of the proceeds of the bonds;(2) The collection and disposition of revenues;(3) The maintenance of various funds and reserves;(4) The nature and extent of the security;(5) The rights, duties, and obligations of the industrial development authority and the trustee for the holders and registered owners of the bonds; and(6) The rights of the holders and registered owners of the bonds.
(1) The custody and application of the proceeds of the bonds;
(2) The collection and disposition of revenues;
(3) The maintenance of various funds and reserves;
(4) The nature and extent of the security;
(5) The rights, duties, and obligations of the industrial development authority and the trustee for the holders and registered owners of the bonds; and
(6) The rights of the holders and registered owners of the bonds.