Board of Visitors minutes February 9, 2007 | ||
Section 5.3 Pledge of Funds and Accounts.
The moneys in the Debt Service Fund shall be held in trust and applied as herein provided and, pending such application, shall be pledged to, and subject to a lien and charge in favor, of the holders of the Notes issued and outstanding under this Resolution and for the further security of such holders until paid out or transferred as herein provided.
Board of Visitors minutes February 9, 2007 | ||