10-626. Costs of system of registration; fees and charges.
10-626
10-626. Costs of system of registration; fees and charges.
(a) An issuer, prior to or at original issuance, may provide
as a part of a system of registration, that the transferor or transferee
of the bonds pay all or a designated part of the costs of the system, that
costs be paid out of proceeds of the bonds, or that both methods be used.
The portion of the costs of the system not provided to be paid for by the
transferor or transferee or out of proceeds shall be the liability of the issuer.
(b) The issuer may, as a part of the system, provide for reimbursement
or for satisfaction of its liability by payment by others. The issuer may
enter into agreements with others for such reimbursement or payment, establish
fees and charges pursuant to such agreements or otherwise and authorize
the amount or estimated amount of such fees and charges to be reimbursed
or paid from the same sources and by means of the same collection and enforcement
procedures and with the same priority as the bond.
History: L. 1983, ch. 49, § 7; May 12.