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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Terms Used In Arizona Laws 48-3753

  • Board: means the board of directors of a multi-county water conservation district. See Arizona Laws 48-3701
  • District: means a multi-county water conservation district organized under the authority of this chapter. See Arizona Laws 48-3701
  • Resolution: means a resolution adopted by the governing body of a city or town, by the board of directors of a private water company that is a corporation, by the general partners of a private water company that is a partnership or by the individual owners of a private water company that is individually owned. See Arizona Laws 48-3701
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