17 GCA § 17107: Guam Not Liable for Bonds; Board Only Liable as Provided by Indenture.

The Board, with the approval of I Maga=lahen Guåhan, may enter into indenture providing for the aggregate principal amount, provided that such aggregate amount authorized by this Act shall not exceed Twenty-five Million Dollars ($25,000,000), date or dates, maturities, interest rates, denominations, form, registration, transfer and interchange of any bonds and coupons issued pursuant to this Chapter, and the terms and conditions on which the same shall be executed, issued, secured, sold, paid, redeemed, funded and refunded. Reference on the face of the bonds to such indenture by its date of adoption, or the apparent date on the face thereof, is sufficient to incorporate all of the provisions thereof, and of this Chapter into the body of the bonds and their appurtenant coupons. Each taker and subsequent holder of the attached to or detached from the bonds, has recourse to all of the provisions of the indenture and of this Chapter and is bound thereby.