Arizona Revised Statutes Title 48. Special Taxing Districts § 48-149. Covenants in resolution

1. The purpose to which the proceeds of the sale of the bonds may be applied and to the use and disposition thereof.

2. The use and disposition of the revenue of the undertaking for which the bonds are to be issued.

3. The issuance of other or additional bonds payable from the revenue of the undertaking.

4. The operation and maintenance of the undertaking.

5. The insurance to be carried thereon and the use and disposition of insurance monies.

6. Books of account and the inspection and audit thereof.

7. The terms and conditions upon which the holders of the bonds, or any proportion of them or any trustee therefor, shall be entitled to the appointment of a receiver, who may enter and take possession of the undertaking, operate and maintain the same, prescribe charges, and collect, receive and apply all revenue thereafter arising therefrom in the same manner as the district itself might do.