In the discretion of the municipalities any bonds issued under sections 7-136n to 7-136s, inclusive, may be secured by a trust indenture by way of conveyance, deed of trust or mortgage of any project or any other property of the municipalities, whether or not financed in whole or in part from the proceeds of such bonds, or by a trust agreement by and between the municipalities and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without the state or by both such conveyance, deed of trust or mortgage and indenture or trust agreement. Such trust indenture or agreement may pledge or assign any or all fees, rents and other charges to be received or proceeds of any contract or contracts pledged, and may convey or mortgage any property of the municipalities. Such trust indenture or agreement may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including particularly such provisions as have hereinabove been specifically authorized to be included in any resolution or resolutions of the municipalities authorizing the issue of bonds. Any bank or trust company incorporated under the laws of the state may act as depository of the proceeds of such bonds or of revenues or other moneys and may furnish such indemnifying bonds or pledge such securities as may be required by the municipalities. Such trust indenture may set forth the rights and remedies of the bondholders and of the trustee, and may restrict the individual right of action by bondholders. In addition to the foregoing, such trust indenture or agreement may contain such other provisions as the municipalities may deem reasonable and proper for the security of the bondholders. All expenses incurred in carrying out the provisions of such trust indenture or agreement may be treated as a part of the cost of a project.
(P.A. 98-237, S. 7.)
Structure Connecticut General Statutes
Chapter 97 - Municipalities: General Provisions
Section 7-103. - Resignation of municipal officers.
Section 7-104. - Refusal of elected official to accept or perform duties.
Section 7-105. - Oath of assessors, board of assessment appeals and tax collectors.
Section 7-105a. - Office of grand juror abolished.
Section 7-106. - Oath of grand jurors.
Section 7-107. - Vacancy appointments by selectmen.
Section 7-108. - City or borough liable for damage done by mobs.
Section 7-109. - Destruction of documents.
Section 7-111. - Proof of claims against municipality.
Section 7-112. - Rate of wages and citizens' preference in work on public buildings.
Section 7-113. - Marking of bounds of towns, cities and boroughs.
Section 7-114. - Renewal of boundary lines.
Section 7-115. - Establishment of disputed boundaries.
Section 7-118a. - Curbs and sidewalks to be designed with cuts at pedestrian crosswalks.
Section 7-119 and 7-120. - Hearing; appeal. Assignment of street numbers.
Section 7-121. - Making of specific appropriations.
Section 7-121a. - Municipal loans to nonpublic schools for construction or renovation.
Section 7-121b. - Contracts with regional water authorities.
Section 7-121e. - Sewage treatment facility improvement trust fund.
Section 7-121f. - Municipal Electric Consumer Advocate.
Section 7-121m. - Notice of actions concerning real property in other municipalities.
Section 7-121n. - Sustainable energy program.
Section 7-122. - Sites for armories. Appropriations.
Section 7-122a. - Municipal fallout shelters and civil preparedness facilities.
Section 7-125a. - Appropriations to improvement associations for road maintenance.
Section 7-127 and 7-127a. - Municipal advisory welfare boards. Committees on needs of the aging.
Section 7-127c. - Municipal agents for children.
Section 7-127d. - Neighborhood youth center grant program.
Section 7-127f. - Annual reports. Audit.
Section 7-127g. - Annual reports to the General Assembly.
Section 7-128 and 7-129. - Public squares and parks. Gifts for parks.
Section 7-129a. - Park and recreation capital and nonrecurring expense fund.
Section 7-130. - Playgrounds and recreation centers.
Section 7-130a. - Public recreational facilities authorities. Definitions.
Section 7-130b. - Creation of authority. Joining and withdrawal.
Section 7-130d. - Powers of authority.
Section 7-130e. - Municipalities may grant property and money to authority.
Section 7-130f. - Operation of projects.
Section 7-130g. - Bond issues.
Section 7-130h. - Securing of bonds.
Section 7-130i. - Rates, rents, fees and charges.
Section 7-130j. - Use of receipts.
Section 7-130k. - Enforcement of rights of bondholders and trustees.
Section 7-130l. - Tax exemption.
Section 7-130m. - Bonds to be legal investments.
Section 7-130n. - Liberal construction. Consent of other bodies not required.
Section 7-130o. - Municipal powers to aid authority.
Section 7-130p. - Provision of property to authority.
Section 7-130q. - Lease of facilities.
Section 7-130r. - Financial aid by municipality.
Section 7-130s. - Municipal guarantee of authority bonds.
Section 7-130t. - Pledge or assignment of lease to secure bonds.
Section 7-130u. - Exemption of property from levy and sale by virtue of execution.
Section 7-130v. - Payment by authority of sums in lieu of taxes.
Section 7-130w. - Construction of statutes. Consent of other agencies not required.
Section 7-131. - Municipal forests. Public shade trees.
Section 7-131a. - Conservation commissions.
Section 7-131c. - Open space land. Definitions.
Section 7-131f. - Considerations for approving grants from funds authorized prior to July 1, 1998.
Section 7-131g. - Grant: Amount, purposes, valuation of land. Issuance of bonds.
Section 7-131h. - Charges by municipality.
Section 7-131i. - Municipal use of open space land.
Section 7-131j. - Taking of land by state or public service company.
Section 7-131k. - Acceptance of federal funds.
Section 7-131l. - Development of watershed areas for recreation and fish and wildlife sites.
Section 7-131m. - Combined conservation and recreational commission.
Section 7-131p. - Establishment of municipal land acquisition and development authority.
Section 7-131q. - Agricultural land preservation fund.
Section 7-131r. - Land acquisition fund.
Section 7-131s. - Charter Oak open space trust account.
Section 7-131v. - Local and regional agricultural councils.
Section 7-131w. - Municipal sale of certain real property; appraisal required.
Section 7-132 and 7-133. - Bounty: On bobcat or lynx; on snakes and wild animals.
Section 7-135. - Use of municipal lockup and community correctional center in another town.
Section 7-135a. - Reimbursement of towns for keeping prisoners.
Section 7-135b. - Payment for intoxication tests.
Section 7-136. - Municipal economic development commissions.
Section 7-136d. - Ordinance authorizing establishment of foreign trade zone.
Section 7-136f. - Submission of application to operate foreign trade zone.
Section 7-136g. - Applicability of local planning and zoning regulations.
Section 7-136n. - Joint issuance of bonds by two or more municipalities.
Section 7-136o. - Securing of bonds.
Section 7-136p. - Enforcement of rights of bondholders and trustees.
Section 7-136q. - Tax exemption.
Section 7-136r. - Bonds to be legal investments.
Section 7-136s. - Guarantee of joint bonds by participating municipality.
Section 7-137. - Regional economic development commissions.
Section 7-137b. - Establishment of industrial park.
Section 7-137d. - Lien for benefits assessed for water main extension.
Section 7-139. - Notice of assessment of benefits.
Section 7-140. - Assessment a lien; foreclosure.
Section 7-141. - Notice of hearing on municipal assessments.
Section 7-142. - Appeal from municipal assessments.
Section 7-143. - Completion of improvement pending appeal from appraisal of damages.
Section 7-144. - Assessment on estate of decedent.
Section 7-145. - Correction of assessments.
Section 7-146. - Clearing of waterways. Assessment of cost. Appeal.