ARTICLE 3. Equipment Trust Certificates [30940. - 30943.]

Article 3 added by Stats. 1964, 1st Ex. Sess., Ch. 62.

§§ 30940–30943 · 4 sections

• § 30940 The district shall have power to purchase equipment such as cars, trolley buses and motorbuses, rolling equipment, and may execute agreements, leases and…
• § 30941 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…
• § 30942 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…
• § 30943 The covenants, conditions and provisions of the agreements, leases, and equipment trust certificates shall not conflict with any of the provisions of any…