§ 43.2.13. SECURITY FOR LOANS.

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The City and County is hereby authorized to hold deeds of trust or mortgages or security interests in personal property as security for loans and other obligations authorized by this Article and to pledge or assign the same as security for repayment of Bonds. Such deeds of trust, mortgages or security interests, or any other interest of the City and County in any Facility, may be assigned to, and held on behalf of, the City and County by any bank or trust company appointed to act as trustee by the City and County in any resolution or indenture providing for the issuance of Bonds.
(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)

                    
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