Section 2049-N. Agreement with the town  


Latest version.
  • The town is authorized to pledge to
      and agree with the holders of any bonds issued by the authority pursuant
      to  this  title that the town will not limit or impair the rights hereby
      vested in the  authority  to  purchase,  construct,  maintain,  operate,
      repair,  improve,  increase,  enlarge,  extend,  reconstruct,  renovate,
      rehabilitate or dispose of any project, or any part  or  parts  thereof,
      for  which  bonds  of the authority shall have been issued, to establish
      and collect rates, rents, fees and other charges  referred  to  in  this
      title  and  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 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.