Any resolution authorizing the issuance of bonds of the Authority may, forthe benefit and security of the holders from time to time of such bonds,contain covenants by the Authority for said purpose, including covenants asto, among other things:
1. The operation, maintenance and repair of the Authority facilities;
2. The purpose or purposes to which the proceeds of the sale of such bondsmay be applied and the use and disposition thereof;
3. The use and disposition of the revenues of the Authority derived from theownership or operation of Authority facilities and additions, improvements,and extensions thereof, including the investment thereof and the creation andmaintenance of reserve funds and funds for working capital and all renewalsand replacements to Authority facilities;
4. The amount, if any, of additional revenue bonds payable from such revenuesthat may be issued and the terms and conditions on which such additionalrevenue bonds may be issued;
5. Fixing, maintaining, collection, and deposit of fees, tolls, rents, rates,and other charges for all the services sold, furnished, or supplied by theAuthority facilities;
6. The operation, maintenance, repair, management, accounting, and auditingof the Authority;
7. Limitations upon the right of the Authority to dispose of Authorityfacilities or any part thereof without providing for the payment of theoutstanding revenue bonds;
8. The appointment of trustees, depositaries, and paying agents within orwithout the Commonwealth to receive, hold, disburse, invest, or reinvest theproceeds derived from the sale of revenue bonds and all or any part of therevenues derived by the Authority from the operation, ownership, andmanagement of the Authority facilities; and
9. Such other covenants and agreements as may be determined necessary in thediscretion of the Authority to advantageously market the revenue bonds of theAuthority.
Any resolution authorizing the issuance of bonds of the Authority may, forthe benefit and security of the holders from time to time of such bonds,contain covenants by the Authority for said purpose, including covenants asto, among other things:
1. The operation, maintenance and repair of the Authority facilities;
2. The purpose or purposes to which the proceeds of the sale of such bondsmay be applied and the use and disposition thereof;
3. The use and disposition of the revenues of the Authority derived from theownership or operation of Authority facilities and additions, improvements,and extensions thereof, including the investment thereof and the creation andmaintenance of reserve funds and funds for working capital and all renewalsand replacements to Authority facilities;
4. The amount, if any, of additional revenue bonds payable from such revenuesthat may be issued and the terms and conditions on which such additionalrevenue bonds may be issued;
5. Fixing, maintaining, collection, and deposit of fees, tolls, rents, rates,and other charges for all the services sold, furnished, or supplied by theAuthority facilities;
6. The operation, maintenance, repair, management, accounting, and auditingof the Authority;
7. Limitations upon the right of the Authority to dispose of Authorityfacilities or any part thereof without providing for the payment of theoutstanding revenue bonds;
8. The appointment of trustees, depositaries, and paying agents within orwithout the Commonwealth to receive, hold, disburse, invest, or reinvest theproceeds derived from the sale of revenue bonds and all or any part of therevenues derived by the Authority from the operation, ownership, andmanagement of the Authority facilities; and
9. Such other covenants and agreements as may be determined necessary in thediscretion of the Authority to advantageously market the revenue bonds of theAuthority.
Any resolution authorizing the issuance of bonds of the Authority may, forthe benefit and security of the holders from time to time of such bonds,contain covenants by the Authority for said purpose, including covenants asto, among other things:
1. The operation, maintenance and repair of the Authority facilities;
2. The purpose or purposes to which the proceeds of the sale of such bondsmay be applied and the use and disposition thereof;
3. The use and disposition of the revenues of the Authority derived from theownership or operation of Authority facilities and additions, improvements,and extensions thereof, including the investment thereof and the creation andmaintenance of reserve funds and funds for working capital and all renewalsand replacements to Authority facilities;
4. The amount, if any, of additional revenue bonds payable from such revenuesthat may be issued and the terms and conditions on which such additionalrevenue bonds may be issued;
5. Fixing, maintaining, collection, and deposit of fees, tolls, rents, rates,and other charges for all the services sold, furnished, or supplied by theAuthority facilities;
6. The operation, maintenance, repair, management, accounting, and auditingof the Authority;
7. Limitations upon the right of the Authority to dispose of Authorityfacilities or any part thereof without providing for the payment of theoutstanding revenue bonds;
8. The appointment of trustees, depositaries, and paying agents within orwithout the Commonwealth to receive, hold, disburse, invest, or reinvest theproceeds derived from the sale of revenue bonds and all or any part of therevenues derived by the Authority from the operation, ownership, andmanagement of the Authority facilities; and
9. Such other covenants and agreements as may be determined necessary in thediscretion of the Authority to advantageously market the revenue bonds of theAuthority.
