ARTICLE 3. Equipment Trust Certificates [100460. - 100463.]

Article 3 added by Stats. 1974, Ch. 1204.

§§ 100460–100463 · 4 sections

• § 100460 The VTA shall have power to purchase transit equipment such as cars, trolley buses, and motor buses, or rolling equipment; and may execute agreements, leases,…
• § 100461 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…
• § 100462 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…
• § 100463 The covenants, conditions, and provisions of the agreements, leases, and equipment trust certificates shall not conflict with any of the provisions of any…