Section 3413. Agreement with county  


Latest version.
  • 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.