The Authority, subject to the approval of I Liheslaturan Guåhan in addition to this Article, may enter into indentures providing for the aggregate principal amount, date or dates, maturities, interest rates or methods for determination thereof, denominations, form, registration, transfer and exchange of any bonds and coupons issued pursuant to this Article and the terms and conditions on which the same shall be executed, issued, secured, sold, paid, redeemed, funded and refunded. Each taker and subsequent holder of the bonds or coupons, whether the coupons are attached to or detached from the bonds, has recourse to all the provisions of the indenture and of this Article and is bound thereby.
COL1312018
SOURCE: Added by P.L. 13-087:1 (Oct. 31, 1975) as GC § 14057. Codified as 12 GCA § 10208. Repealed and reenacted by P.L. 34-070:2 (Dec. 7, 2017). 2017 NOTE: This provision was originally named Issues, Series and Divisions of Bonds, which was reenacted by P.L. 34-070:2 (Dec. 7, 2017) as 12 GCA § 10209, Issues of Bonds.