Section 1599-J. Agreements of the state

1. The city of Niagara Falls does
  pledge to and agree with the holders of the bonds that the city will not
  limit  or  alter  the  rights hereby vested in the authority to acquire,
  construct, maintain, reconstruct and operate the project or projects, to
  establish and collect rentals, fees and other charges and to fulfill the
  terms of any agreements made with the holders of the bonds,  or  in  any
  way  impair the rights and remedies of the bondholders, until the bonds,
  together with interest thereon, with 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  bondholders,  are fully met and
  discharged.
    2. The authority is hereby authorized, in its discretion, for  and  on
  behalf  of  itself  and  the city of Niagara Falls to covenant and agree
  with the holders of the bonds, with such exceptions and  limitations  as
  it  may deem in the public interest, that no public parking areas except
  those acquired and operated by the  authority  will  be  constructed  or
  operated  in  the  city  by  the city, or by any public benefit or other
  corporation the members or some of which are elected or are appointed by
  city officials, until either  (a)  the  bonds,  together  with  interest
  thereon,  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 bondholders are fully met and  discharged  or  (b)  principal  or
  interest of any of the bonds shall be overdue and unpaid for a period of
  three  years  or  more,  provided that nothing herein contained shall be
  deemed to impair the right of the city to install  and  operate  parking
  meters on the public streets of the city.
    * NB Authority ceased to exist 07/01/1974
    * NB There are 4 § 1599-j's