Laserfiche WebLink
<br /> DES:djc 2/28/86 <br /> Section 4.16. Covenants, Revenues Charged with Payments of <br />Bonds. The Authority may provide for the making of a covenant <br />requiring the Authority to fix, prescribe and collect, with <br />respect to any or all properties, any revenues of which are <br />charged with the payment of any bonds in connection with which <br />such covenant is made, fees, tolls, rentals or other charges in <br />connection with services and facilities furnished from any such <br />properties operated by it, and to fix and collect rentals or <br />other charges for any such properties leased by it to others for <br />operation, sufficient, with such other funds as may have been <br />made available for and charged with such payment, to pay the <br />principal of and interest on such bonds as they become due and <br />payable, together with all expenses of operation, maintenance and <br />repair of such facilities, infrastructure and properties, and <br />with such additional sums as may be required for any sinking <br />fund, reserve fund or other special fund provided for the further <br />security of such bonds or as a depreciation charge or other <br />charge in connection with such facilities, infrastructure and <br />properties, and all other charges payable out of any revenues <br />charged with the payment of the bonds. <br /> The Authority may also provide for the making of a covenant <br />requiring the fixing and prescribing by it and the collection by <br />any lessee or operator of any or all facilities, infrastructure <br />and properties, any revenues of which are charged with the <br />payment of any bonds in connection with which such covenant is <br />made, of all fees, tolls, rentals, or other charges in connection <br /> 16 <br /> -_. <br />