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This entry was published on 2014-09-22
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Agreements with the county
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 16
§ 2350-u. Agreements with the county. The county is authorized to
agree with the holders of any bonds issued by the agency pursuant to
this title that the county will not alter, limit or impair the rights
hereby vested in the agency 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 agency shall have been issued, to
establish and collect rents, fees and other charges referred to in this
title, to fulfill the terms of any agreements made with or for the
benefit of the holders of bonds or with any public corporation or person
with reference to such project or part thereof, or in any way to impair
the rights and remedies of the holders of bonds, until the bonds,
together with the 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.