Legislation

Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 3015
Agreement with the state
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 10, TITLE 2
§ 3015. Agreement with the state. The state does hereby pledge to and
agree with the holders of any notes or bonds issued by a corporation
under this act that the state will not limit or alter the rights hereby
vested in such corporation to fulfill the terms of any agreements made
with the said holders thereof, or in any way impair the rights and
remedies of such holders until such notes and bonds together with the
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 such holders, are fully paid and discharged. A
corporation is authorized to include this pledge and agreement of the
state in any agreement with the holders of such notes or bonds.