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76.18 - COVENANTS AUTHORIZED -- TAX EXEMPTION.

        76.18  COVENANTS AUTHORIZED -- TAX EXEMPTION.
         A public issuer of bonds or other debt obligations may covenant
      that the issuer will comply with requirements or limitations imposed
      by the Internal Revenue Code to preserve the tax exemption of
      interest payable on the bonds or obligations and may carry out and
      perform other covenants, including but not limited to, the payment of
      any amounts required to be paid by the issuer to the United States
      government.  

         Section History: Recent Form

         87 Acts, ch 104, §4