State Codes and Statutes

Statutes > New-york > Pba > Article-8 > Title-27-a > 2588

§  2588.  Agreement with county. 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.

State Codes and Statutes

Statutes > New-york > Pba > Article-8 > Title-27-a > 2588

§  2588.  Agreement with county. 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.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pba > Article-8 > Title-27-a > 2588

§  2588.  Agreement with county. 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.