Section 2680-L. 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 sports, recreation or cultural facilities or parts thereof,
      or in any way impair the rights and remedies of the  holders  of  bonds,
      until  the  bonds,  together  with  interest  thereon, 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.