ARTICLE 7. Equipment Trust Certificates

Article 7 added by Stats. 1957, Ch. 1056.

§§ 29250–29253 · 4 sections

• § 29250 The district shall have power to purchase equipment such as cars, trolley buses and motor buses, rolling equipment, and may execute agreements, leases and…
• § 29251 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…
• § 29252 The agreements and leases shall be duly acknowledged before some person authorized by law to take acknowledgments of deeds and in the form required for…
• § 29253 The covenants, conditions and provisions of the agreements, leases, and equipment trust certificates shall not conflict with any of the provisions of any trust…