48-149. Covenants in resolution


A. Any resolution pertaining to the issuance of bonds under this article may
contain covenants as to:


1. The purpose to which the proceeds of the sale of the bonds may be applied and to
the use and disposition thereof.


2. The use and disposition of the revenue of the undertaking for which the bonds
are to be issued.


3. The issuance of other or additional bonds payable from the revenue of the
undertaking.


4. The operation and maintenance of the undertaking.


5. The insurance to be carried thereon and the use and disposition of insurance
monies.


6. Books of account and the inspection and audit thereof.


7. The terms and conditions upon which the holders of the bonds, or any proportion
of them or any trustee therefor, shall be entitled to the appointment of a receiver, who
may enter and take possession of the undertaking, operate and maintain the same,
prescribe charges, and collect, receive and apply all revenue thereafter arising
therefrom in the same manner as the district itself might do.


B. The provisions of this article and any such resolution shall be deemed a
contract with the holders of the bonds, and the duties of the district and of its board
of directors and officers under this article and any such resolution shall be enforceable
by mandamus or any appropriate action of a court of competent jurisdiction.