State Codes and Statutes

Statutes > New-york > Pba > Article-10 > Title-2 > 3015

§  3015. Agreement with the state. The state does hereby pledge to and  agree with the holders of any notes or bonds  issued  by  a  corporation  under  this act that the state will not limit or alter the rights hereby  vested in such corporation to fulfill the terms of any  agreements  made  with  the  said  holders  thereof,  or  in any way impair the rights and  remedies of such holders until such notes and bonds  together  with  the  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  such  holders,  are fully paid and discharged. A  corporation is authorized to include this pledge and  agreement  of  the  state in any agreement with the holders of such notes or bonds.

State Codes and Statutes

Statutes > New-york > Pba > Article-10 > Title-2 > 3015

§  3015. Agreement with the state. The state does hereby pledge to and  agree with the holders of any notes or bonds  issued  by  a  corporation  under  this act that the state will not limit or alter the rights hereby  vested in such corporation to fulfill the terms of any  agreements  made  with  the  said  holders  thereof,  or  in any way impair the rights and  remedies of such holders until such notes and bonds  together  with  the  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  such  holders,  are fully paid and discharged. A  corporation is authorized to include this pledge and  agreement  of  the  state in any agreement with the holders of such notes or bonds.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pba > Article-10 > Title-2 > 3015

§  3015. Agreement with the state. The state does hereby pledge to and  agree with the holders of any notes or bonds  issued  by  a  corporation  under  this act that the state will not limit or alter the rights hereby  vested in such corporation to fulfill the terms of any  agreements  made  with  the  said  holders  thereof,  or  in any way impair the rights and  remedies of such holders until such notes and bonds  together  with  the  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  such  holders,  are fully paid and discharged. A  corporation is authorized to include this pledge and  agreement  of  the  state in any agreement with the holders of such notes or bonds.