The state of New York does pledge to and agree with the holders of the bonds that
the state will not limit or impair the rights hereby vested in the authority to acquire,
construct, maintain, reconstruct and operate the project, to establish and collect
rentals, fees and other charges and to fulfill the terms of any agreements made with
the holders of the bonds, or in any way impair the rights and remedies of the bondholders,
until the bonds, together with interest thereon, with interest on any paid installments
of interest and all costs and expenses in connection with any action or proceeding
by or on behalf of the bondholders are fully met and discharged.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.