Section 2588. Agreement with county  


Latest version.
  • The county is authorized to pledge to
      and agree with the holders of any bonds issued by the authority pursuant
      to this title and with those persons  or  public  corporations  who  may
      enter  into  contracts with the authority, pursuant to the provisions of
      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 have been 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 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 holders of bonds, until the  bonds,  together
      with  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 and such contracts are fully performed on  the  part  of  the
      authority.