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Home » US Law » 2022 Arizona Revised Statutes » Title 48 - Special Taxing Districts » Article 5 - Revenue Bonds » § 48-1814 – Resolution and trust agreements; adoption

48-1814. Resolution and trust agreements; adoption

The board may provide that any series of bonds may be secured by a trust agreement by and between the district and one or more corporate trustees or fiscal agents, which may be any trust company or bank having the powers of a trust company in this state. A resolution is effective on its adoption unless otherwise specified.