Section 3314. Agreement with county  


Latest version.
  • 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, collect and adjust 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.