Section 3614. Agreement with towns  


Latest version.
  • The towns are 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 towns 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.