§ 105230 The district shall have power to purchase rail transit equipment such …
§ 105231 The agreement to purchase or lease may direct the vendor or lessor to …
§ 105232 The agreements and leases shall be duly acknowledged before a person …
§ 105233 The covenants, conditions, and provisions of the agreements, leases, …

Terms Used In California Codes > Public Utilities Code > Division 10 > Part 16 > Chapter 6 > Article 3 - Equipment Trust Certificates

  • Contract: A legal written agreement that becomes binding when signed.
  • District: means the Sonoma-Marin Area Rail Transit District. See California Public Utilities Code 105003
  • 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
  • Prime contractor: shall mean the contractor who contracts directly with the awarding authority. See California Public Contract Code 4113
  • Rail transit: means the transportation of passengers and their incidental baggage by rail and provision of freight service by rail. See California Public Utilities Code 105003
  • State: means the State of California, unless applied to the different parts of the United States. See California Public Utilities Code 17
  • subcontractor: shall mean a contractor, within the meaning of the provisions of Chapter 9 (commencing with Section 7000) of Division 3 of . See California Public Contract Code 4113
  • Trustee: A person or institution holding and administering property in trust.