Sec. 7-273jj. Agreement with bondholders.
Sec. 7-273jj. Agreement with bondholders. In connection with any bonds or
notes issued under the authority of this chapter, the municipality may, by resolution of
the body having power to make appropriations for such municipality, covenant and
agree with the holders thereof as to (a) the rates or charges to be imposed upon the users
of such resource recovery facility, including the municipality, for connection with or
the use of such facility, (b) the use and disposition of the revenue from such rates or
charges, (c) the creation and maintenance of special funds and the management, use
and disposition thereof, (d) the purposes for which the proceeds of the sale of such bonds
or notes may be used, (e) the acts or conduct which shall constitute a default and the
rights and liabilities of the holders arising upon such default, (f) the terms and conditions
upon which bonds or notes issued under the authority of this chapter shall become or
may be declared due before maturity and the terms and conditions upon which such
declaration and its consequences may be waived, (g) the conditions upon which other
or additional bonds or notes may be issued and secured by revenue from the operation
of a resource recovery facility, (h) the insurance to be carried upon the facility, and the
use and disposition of any insurance moneys, (i) the maintenance of books of account
and the inspection and audit thereof.
(P.A. 81-213, S. 12, 18.)