7-15-4528: Use of bond trustee.

In connection with the issuance of bonds or the incurring of any obligation under a lease and in order to secure the payment of the bonds or obligations, the authority may:

(1) vest in a trustee the right to enforce any covenant made to secure the payment of the bonds or obligations;

(2) provide for the powers and duties of the trustee and limit the trustee's liabilities; and

(3) provide the terms and conditions upon which the trustee or a designated proportion of the holders of bonds may enforce any covenant.