Section 9-936 - Limitations on issuance of additional bonds.
§ 9-936. Limitations on issuance of additional bonds.
(a) Inclusion in resolution or trust agreement.- If an authority considers it necessary, the authority may include any limitation or restriction on the issuance of additional bonds:
(1) In the resolution that provides for the issuance of bonds of the authority; or
(2) In any trust agreement that secures the bonds.
(b) Issuance of additional bonds.- If a resolution or trust agreement places any limitation or restriction on the issuance of additional bonds, the authority shall honor the limitation or restriction when the authority issues additional bonds.
[1985, ch. 173, § 2.]