Short Title

Definitions. Powers of Board; Incurring Indebtedness. Amounts of Rates and Charges; Refunds. [Declared invalid.] Validity of Authorization and Issuance of Bonds. Board to Determine Issuance of Bonds and Incurring of Other Indebtedness; Guam Not Liable for Indebtedness; Board 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. Director of Administration as Trustee for Board and Holders of Bonds. Duties and Powers of Trustee. Issuance and Interchange of Coupon and Registered Bonds. Interest on Bonds. Redemption of Bonds Prior to Maturity. Places of Payment. Execution and Authentication of Bonds. Dates and Maturities of Bonds. Preparation of Bonds and Documents by Treasurer. Sale of Bonds; Maximum Discount. 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. Principal Amount in Which Refunding Bonds May be Issued. Bonds Negotiable Except When Registered. Title in Authority Subject to Trust in Favor of Bondholders. Use of Other Funds for System. Insurance. Limitations as to Competitive Projects. Right of Bondholders to Bring Action. Guam Power Authority Construction Fund. Guam Power 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. Construction of Article. Approval of the Terms and Conditions of Guam Power Authority Revenue Bonds. Self-Insurance Fund Surcharge Reduction. Approval of Financial Agreements or Arrangements. CH. 8 GUAM POWER AUTHORITY