12 Guam Code Ann. § 68113
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Terms Used In 12 Guam Code Ann. § 68113
- Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
- Trustee: A person or institution holding and administering property in trust.
) A Federal Reserve member bank shall act as trustee for the Board and the holders of bonds issued hereunder, and the Board may authorize the trustee to act on behalf of the holders of the bonds, or any stated percentage thereof, and to exercise and prosecute on behalf of the holders of the bonds such rights and remedies as may be available to the holders.
(b) The indenture shall provide for the deposit of all revenues with the trustee and for the holding thereof by the trustee and for the transfer to such trustee of such portions of revenues as are provided as security for the bonds and for the holding thereof by such trustee. All money so held shall be disbursed only as provided in this Chapter and in the indenture.
SOURCE: GC §53608.12, as added by P.L. 12-69.
(b) The indenture shall provide for the deposit of all revenues with the trustee and for the holding thereof by the trustee and for the transfer to such trustee of such portions of revenues as are provided as security for the bonds and for the holding thereof by such trustee. All money so held shall be disbursed only as provided in this Chapter and in the indenture.
SOURCE: GC §53608.12, as added by P.L. 12-69.