Guam § 1209 - Bond Covenants; Actions to Enforce.
Full text of Guam Guam Code Annotated § 1209 — Bond Covenants; Actions to Enforce., with citation guidance and answers to common questions.
§ 1209. Bond Covenants; Actions to Enforce.
(a) The Board may include in any bond resolution authorizing the issuance of general revenue bonds
under this Article covenants as to:
(1) The purpose or purposes to which the proceeds or sale of the bonds shall be applied and the
use and disposition thereof.
(2) The use and disposition of the revenue of the airports, including the creation and maintenance
of reserves.
(3) The issuance of additional general revenue bonds payable from the revenue of the airports.
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CH. 1 ANTONIO B. WON PAT INTERNATIONAL AIRPORT AUTHORITY, GUAM
(4) The operation, maintenance and repair of the airports.
(5) The insurance to be carried by the Authority and the use and disposition of insurance moneys.
(6) Books of account and the inspection and audit thereof.
(7) Such other matters as are deemed necessary and required by the Authority in order to properly
secure such bonds.
(b) The provisions of this Article and any bond resolution authorizing the issuance of general revenue
bonds shall be a contract with the bondholders and the duties of the Authority or any person under this
Article and the conditions of any bond resolution shall be enforceable by any bondholder by injunction,
mandamus, or other appropriate suit, action or proceeding in any court of competent jurisdiction, subject to
any limitations set forth in the bond resolution.
Frequently Asked Questions About Guam § 1209
What does Guam Code Annotated § 1209 cover?
Section 1209 ("Bond Covenants; Actions to Enforce.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 1209?
A common citation format is "Guam Code Annotated § 1209" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 1209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.