Short Title

Definitions. Powers of Board; Incurring Indebtedness. Amounts of Rates and Charges; Refunds. Validity of Authorization and Issuance of Bonds and Incurring of Other Indebtedness. Board to Determine Issuance of Bonds and Incurring of Other Indebtedness; Guam Not Liable for Indebtedness; Authority Only Liable as Provided by Indenture or Contract. Board to Declare Purpose and Maximum Amount of Bonds to Be Issued. Indenture Providing Terms and Conditions of Bonds. Issues of Bonds. Covenants and Agreements That May Be Contained in Indenture. Trustee for Authority and Holders of Bonds. Duties and Powers of Trustee. Issuance and Interchange of Coupon and Registered Bonds. Redemption of Bonds Prior to Maturity. Places of Payment. Execution and Authentication of Bonds. Dates and Maturities of Bonds. Sale of Bonds. Payment of Bonds from Sources Other Than Revenues. Payments Which May Be Made Out of Proceeds of Sale of Bonds. Bonds May Be Secured by Revenues of System. Temporary Bonds. Replacement of Bonds or Coupons. Tax Exemptions. Bonds as Legal Investments and as Security for Performance of any Act. Refunding Bonds. Use of Other Funds for System. Insurance. Pledge by the Government of Guam. Guam Waterworks Authority Construction Fund. Guam Waterworks Authority Revenue Fund. Investment of Money in Funds. Use of Balances of Funds and of Surplus Money in Funds. Appropriation of Money in Funds. Short Term Borrowing. Payment Agreements. Credit Enhancement. No Personal Liability. Waiver of Immunity. CH. 14 GUAM WATERWORKS AUTHORITY