Section 2350-U. Agreements with the county  


Latest version.
  • The county is authorized to
      agree with the holders of any bonds issued by  the  agency  pursuant  to
      this  title  that  the county will not alter, limit or impair the rights
      hereby vested in the agency 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  agency  shall  have  been  issued,  to
      establish  and collect 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.