There is a newer version of the Arizona Revised Statutes
2005 Arizona Revised Statutes - Revised Statutes §48-3753 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.
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