Legislation
SECTION 569-D
Protection of bondholders
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 3, TITLE 3
§ 569-d. Protection of bondholders. Nothing in this title contained
shall be deemed to limit or alter in any way the rights and obligations
of the authority to establish and collect such tolls, fees, rentals and
other charges as may be necessary or required to produce sufficient
revenues to meet and to fulfill the terms and provisions of the
contracts made with the holders and registered owners of the bonds or in
any way impair the constitutional rights of the holders and registered
owners of the bonds.
shall be deemed to limit or alter in any way the rights and obligations
of the authority to establish and collect such tolls, fees, rentals and
other charges as may be necessary or required to produce sufficient
revenues to meet and to fulfill the terms and provisions of the
contracts made with the holders and registered owners of the bonds or in
any way impair the constitutional rights of the holders and registered
owners of the bonds.