§ 65. Revenue bonds. All revenue bonds shall be payable solely from the revenues or income to be derived
from the terminals, terminal facilities, airfields, airports, or port facilities or
any part thereof. The bonds may bear such date or dates and may mature at such time or times not exceeding
40 years from their respective dates, all as may be provided in the ordinance authorizing
their issuance. All bonds, whether revenue or general obligation, may bear interest at such rate
or rates as permitted in the Bond Authorization Act. Such interest may be paid semiannually. All such bonds may be in such form, may carry such registration privileges, may
be executed in such manner, may be payable at such place or places, may be made subject
to redemption in such manner and upon such terms, with or without premium as is stated
on the face thereof, may be authenticated in such manner and may contain such terms
and covenants, all as may be provided in the ordinance authorizing issuance. The holder or holders of any bonds or interest coupons appertaining thereto issued
by the District may bring civil actions to compel the performance and observance by
the District or any of its officers, agents, or employees of any contract or covenant
made by the District with the holders of such bonds or interest coupons and to compel
the District and any of its officers, agents, or employees to perform any duties required
to be performed for the benefit of the holders of any such bonds or interest coupons
by the provision in the ordinance authorizing their issuance, and to enjoin the District
and any of its officers, agents, or employees from taking any action in conflict with
any such contract or covenant, including the establishment of charges, fees, and rates
for the use of facilities as hereinafter provided.
Notwithstanding the form and tenor of any bond, whether revenue or general obligation,
and in the absence of any express recital on the face thereof that it is nonnegotiable,
all such bonds shall be negotiable instruments. Pending the preparation and execution of any such bonds, temporary bonds may be
issued with or without interest coupons as may be provided by ordinance.
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