Legislation
SECTION 569
Protection of prior bondholders
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 3, TITLE 3
§ 569. Protection of prior bondholders. Nothing in this title
contained shall be deemed in any way to limit or alter the rights vested
in the authority to establish and collect such charges and tolls as may
be convenient or necessary to produce sufficient revenue to meet the
expense of maintenance and operation and to fulfill the terms of any
agreements made with the holders of bonds issued or authorized to be
issued prior to January first, nineteen hundred forty-six, or in any way
to impair the rights and remedies thereunder of the holders of such
bonds.
contained shall be deemed in any way to limit or alter the rights vested
in the authority to establish and collect such charges and tolls as may
be convenient or necessary to produce sufficient revenue to meet the
expense of maintenance and operation and to fulfill the terms of any
agreements made with the holders of bonds issued or authorized to be
issued prior to January first, nineteen hundred forty-six, or in any way
to impair the rights and remedies thereunder of the holders of such
bonds.