Rhode Island § 46-25-52 § 46-25-52. Security for notes.

Rhode Island Statutes

§ 46-25-52 — § 46-25-52. Security for notes.

Rhode Island § 46-25-52

Title 46Waters and Navigation

Ch. 46-25Narragansett Bay Commission

This text of Rhode Island § 46-25-52 (§ 46-25-52. Security for notes.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 46-25-52 (2026).

Text

§ 46-25-52. Security for notes.
(a) The principal of and interest on any notes issued by the commission may be secured
            by a pledge of the general credit of the commission.
         
(b) Any resolution under which notes of the commission are authorized to be used (and
            any trust indenture established thereby) may contain provisions for vesting in a trustee,
            or paying agent, such properties, rights, powers, and duties in trust as the commission
            may determine.
         

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§ 46-25-52. Security for notes.

(a) The principal of and interest on any notes issued by the commission may be secured by a pledge of the general credit of the commission.

(b) Any resolution under which notes of the commission are authorized to be used (and any trust indenture established thereby) may contain provisions for vesting in a trustee, or paying agent, such properties, rights, powers, and duties in trust as the commission may determine.