ARTICLE 3. Equipment Trust Certificates

Article 3 added by Stats. 2002, Ch. 341, Sec. 4.

§§ 105230–105233 · 4 sections

• § 105230 The district shall have power to purchase rail transit equipment such as cars or rolling equipment; and may execute agreements, leases, and equipment trust…
• § 105231 The agreement to purchase or lease may direct the vendor or lessor to sell and assign or lease the rolling equipment to a bank or trust company duly authorized…
• § 105232 The agreements and leases shall be duly acknowledged before a person authorized by law to take acknowledgments of deeds and in the form required for…
• § 105233 The covenants, conditions, and provisions of the agreements, leases, and equipment trust certificates shall not conflict with any of the provisions of any…