Section 2041-S. Agreements with the participating counties  


Latest version.
  • Each
      participating county is authorized to  pledge  to  and  agree  with  the
      holders of any bonds issued by the authority pursuant to this title that
      the  county  will not alter, limit or impair the rights hereby vested in
      the authority 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 authority shall be 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 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.