2013 Rhode Island General Laws
Title 46 - Waters and Navigation
Chapter 46-25 - Narragansett Bay Commission
Section 46-25-52 - Security for notes.
§ 46-25-52 Security for notes. – (a) The principal of and interest on any notes issued by the commission may be secured by a pledge of the general credit of the commission.
(b) Any resolution under which notes of the commission are authorized to be used (and any trust indenture established thereby) may contain provisions for vesting in a trustee, or paying agent, such properties, rights, powers, and duties in trust as the commission may determine.
History of Section.
(P.L. 1981, ch. 91, § 2.)
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