Duties and Powers of Trustee

The Authority shall prescribe in any indenture the duties and powers of the trustee with respect to the issuance, authentication, sale and delivery of the bonds provided for in such indenture and with respect to the payment of principal of and interest on such bonds, the redemption thereof, the registration and discharge from registration thereof and the management of any and all funds provided as security therefor. SOURCE: Added by P.L. 13-087:1 (Oct. 31, 1975) as GC § 14061. Codified as 12 GCA § 10212. Repealed and reenacted by P.L. 34-070:2 (Dec. 7, 2017). 2017 NOTE: This provision was originally enacted as Same: Places and Manner of Payment, which was reenacted by P.L. 34-070:2 (Dec. 7, 2017) as 12 GCA § 10215, Places of Payment.