| | 2.__Pledging unencumbered revenues or assets of board.__ | Pledging all or any part of the unencumbered revenues or assets | of the board to secure the payment of the securities or any issue | of securities, subject to such agreements with holders of | securities as may then exist; |
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| | 3.__Setting aside reserves or sinking funds.__Setting aside | reserves or sinking funds and the regulation and disposition of | the funds; |
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| | 4.__Limitations on use of proceeds of sale of securities.__ | Limitations on the use to which the proceeds of the sale of | securities may be applied and pledging those proceeds to secure | the payment of the securities or of any issue of securities; |
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| | 5.__Limitations on issuance of additional securities.__ | Limitations on the issuance of additional securities, the terms | upon which additional securities may be issued and secured and | refunding outstanding or other securities; |
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| | 6.__Amendment or abrogation of contract terms; procedure.__The | procedure, if any, by which the terms of any contract with | holders of securities may be amended or abrogated, the amount to | which the holders of securities must consent and how that consent | may be given; |
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| | 7.__Limitations on money expended by authority for expenses. | Limitations on the amount of money to be expended by the board | for operating, administrative or other expenses of the board; |
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| | 8.__Vesting of rights in trustee; powers and duties in trust.__ | Vesting a trustee or trustees with such property, rights, powers | and duties in trust as the board may determine, which may include | any or all of the rights, powers and duties of the trustee | appointed for the holders of securities issued pursuant to this | Act; |
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| | 9.__Default.__Defining the acts or omissions to act that | constitute a default in the obligations and duties of the board | to the holders of the securities and providing for the rights and | remedies of the holders of the securities in the event of that | default, including as a matter of right the appointment of a | receiver, but only if the rights and remedies are not | inconsistent with the general laws of the State and this Act; and |
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| | 10.__Other matters.__Matters other than those stated in this | section that in any way affect the security or protection of the | holders of the securities. |
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