§ 147. Payment of proceeds of sale of bonds.

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The authority shall, in the resolution providing for the issuance of revenue bonds, or in the trust indenture, provide for the payment of the proceeds of the sale of the bonds to any officer or person who or any agency, bank or trust company which shall act as trustee of such funds and shall hold and apply the same to the purposes hereof, subject to such regulations as this act [part] and such resolution or trust indenture may provide.

(Acts 1969, p. 2567, § 16)

                    
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