* § 1599-k. Agreements of the city and the state. 1. The city is
authorized to, and the state does hereby pledge to and agree with the
holders of the bonds that the city will not limit or alter the rights
hereby vested in the authority to acquire, construct, maintain,
reconstruct, improve, equip, furnish and operate any project or
projects, 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 notes, or in any way impair the rights and remedies of the
bondholders or noteholders, until the bonds or notes, together with
interest thereon, with interest on any unpaid installments of interest
and all costs and expenses in connection with any action or proceeding
by or on behalf of the bondholders or noteholders, are fully met and
discharged.

2. The authority is hereby authorized, subject to approval of the city
council to covenant and agree with the holders of the bonds, with such
exceptions and limitations as it may deem in the public interest and in
the interests of the authority's bondholders and noteholders, that no
public parking areas except those acquired and operated by the authority
will be constructed or operated in the city by the city, or by any
public benefit or other corporation the members or some of which are
elected or are appointed by city officials, until either (a) the bonds,
together with interest thereon, interest on any unpaid 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 or (b) principal or interest of any of the bonds shall be
overdue and unpaid for a period of three years or more, provided that
nothing herein contained shall be deemed to impair the right of the city
to install and operate parking meters on the public streets of the city.

* NB Authority ceased to exist 08/05/2002

* NB There are 4 § 1599-k's