No indenture need be recorded or filed in any public office, other than the office of the commission. The pledge of revenues provided in any indenture shall take effect forthwith as provided therein, and irrespective of the date of receipt of such revenues by the commission or the indenture trustee. Such pledge shall be effective as provided in the indenture without physical delivery of the revenues to the commission or to the indenture trustee.
Cal. Gov. Code § 67589
Revenue Bonds
Known as the San Francisco Bay Area Transportation Terminal Authority Act
The act spans §§ 67500–67640 (100 sections).
Amended by Stats. 1979, Ch. 1079.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.