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This entry was published on 2014-09-22
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SECTION 3413
Agreement with county
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 10-C, TITLE 2
§ 3413. Agreement with county. Except where required to act pursuant
to law, the county is authorized to pledge to and agree with the holders
of any bonds issued by the corporation pursuant to this title and with
those persons or public corporations who may enter into contracts with
the corporation pursuant to the provisions of this title that the county
will not alter, limit or impair the rights hereby vested in the
corporation to purchase, construct, own and operate, maintain, repair,
improve, reconstruct, renovate, rehabilitate, enlarge, increase and
extend, or dispose of any project, or any part or parts thereof, for
which bonds of the corporation shall have been issued, to establish and
collect rates, rents, fees and other charges referred to in this title,
to fulfill the terms of any agreements made with the holders of the
bonds or with any public corporation or person with reference to such
project or part thereof, or in any way impair the rights and remedies of
the holders of bonds, until the bonds, together with interest thereon,
including 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 holders of bonds, are fully met and discharged and such contracts
are fully performed on the part of the corporation.