Section 2320. Agreements of the city and state  


Latest version.
  • The city is authorized to,
      and the state does hereby, pledge to and agree with the holders  of  the
      bonds  that  neither the city nor the state, respectively, will limit or
      alter the rights, hereby vested in the authority to acquire,  construct,
      reconstruct,   improve,  maintain,  equip  and  finish  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, nor 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.