Title in Authority Subject to Trust in Favor of Bondholders

Title to the system and to all property acquired by or for the Authority and the revenues and income therefrom is in the Authority. The title to any moneys, revenues, bond reserve funds and other funds and accounts created by this Article or any indenture and the income thereof pledged to the payment of the principal or interest of any bonds is subject to any trust declared in favor of the bondholders. SOURCE: GC § 21580.