48-2467. Adoption of resolution; trust agreement
For the purpose of this article, the board of directors of any district by affirmative vote of a majority of its members is authorized to adopt a resolution relating to the exercise of the powers granted by this article and to any other matters necessary to effectuate the full intent and purpose of this article. In the discretion of the board of directors, any bond issued pursuant to this article may also 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 within or without this state. Any such resolution adopted shall be effective upon its adoption unless otherwise specified therein. Written notice of any meeting of the board for the purpose of taking action under this section shall be sent to all members of the board by certified or registered mail at least ten days prior to the date of such meeting.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
