§ 103550 The district shall have power to purchase transit equipment such as …
§ 103551 The agreement to purchase or lease may direct the vendor or lessor to …
§ 103552 The agreements and leases shall be duly acknowledged before a person …
§ 103553 The covenants, conditions, and provisions of the agreements, leases, …
§ 103554 An executed copy of each such agreement and lease shall be filed in …

Terms Used In California Codes > Public Utilities Code > Division 10 > Part 15 > Chapter 7 > Article 3 - Equipment Trust Certificates

  • Contract: A legal written agreement that becomes binding when signed.
  • District: means a memorial district organized under the provisions of this chapter. See California Military and Veterans Code 1170
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • State: means the State of California, unless applied to the different parts of the United States. See California Public Utilities Code 17
  • Trustee: A person or institution holding and administering property in trust.