Kentucky Revised Statutes Title XXVIII. Mines and Minerals § 353.762.Discretionary securing of bonds by trust indentures

(1) Pledge or assign the rents and other revenues to be received from a particular series of bonds as it relates to a trust indenture;

(2) Contain provisions for protecting and enforcing the rights and remedies of the bondholders that are reasonable and proper and not in violation of law, including covenants setting forth the duties of the authority in relation to the acquisition or sale of property and the construction, improvement, maintenance, repair, and insurance of the project or projects in connection with which the bonds are authorized; the rates or rental charges; and the custody, safeguarding, and application of all moneys;

(3) Restrict the individual right of action by bondholders; and

(4) Contain any other provisions as the authority may deem reasonable and proper for the security of the bondholders.