Guam § 66106 - Form of and Recitals in Bonds.
Full text of Guam Guam Code Annotated § 66106 — Form of and Recitals in Bonds., with citation guidance and answers to common questions.
§ 66106. Form of and Recitals in Bonds.
(a) All bonds shall be issued in the name of the Agency.
(b) The Board shall determine the time, form and manner of
issuance of bonds.
(c) Every bond shall recite that it is not a general indebtedness of the
Authority, but rather is a special obligation of the Authority payable
solely from the revenues specified in the indenture providing for its
issuance. Every bond shall recite that it is not public indebtedness of the
territory of Guam as that term is used in § 11 of the Organic Act.
(d) Every bond shall recite that it is issued pursuant to an indenture
of the Board, describing it by title and date. By such recital, all of the
provisions of the indenture and this Chapter are incorporated into the
bonds and coupons.
(e) Each taker and subsequent holder of the bonds or coupons,
whether the coupons are attached to or detached from the bonds, has
recourse to all the provisions of the indenture and of this Chapter and is
bound thereby.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 66106
What does Guam Code Annotated § 66106 cover?
Section 66106 ("Form of and Recitals in Bonds.") 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 § 66106?
A common citation format is "Guam Code Annotated § 66106" (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 § 66106 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.