State Codes and Statutes

Statutes > New-york > Pml > Article-6 > 613

§ 613. Agreement of the state. The state does pledge to and agree with  the  holders  of any and all bonds and notes of the corporation that the  state will not authorize any officer or agency of government, other than  the corporation, or any private person, to conduct off-track betting  in  the  city  on  horse  races, nor in any manner limit or alter the rights  hereby vested in the corporation to fulfill the terms of any  agreements  made with the said holders, or in any way impair the rights and remedies  of  such  holders  until the bonds and notes, together with the interest  thereon, 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  met and discharged.   The corporation is  authorized to include this pledge and agreement  of  the  state  in  any  agreement with the holders of such bonds or notes.

State Codes and Statutes

Statutes > New-york > Pml > Article-6 > 613

§ 613. Agreement of the state. The state does pledge to and agree with  the  holders  of any and all bonds and notes of the corporation that the  state will not authorize any officer or agency of government, other than  the corporation, or any private person, to conduct off-track betting  in  the  city  on  horse  races, nor in any manner limit or alter the rights  hereby vested in the corporation to fulfill the terms of any  agreements  made with the said holders, or in any way impair the rights and remedies  of  such  holders  until the bonds and notes, together with the interest  thereon, 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  met and discharged.   The corporation is  authorized to include this pledge and agreement  of  the  state  in  any  agreement with the holders of such bonds or notes.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pml > Article-6 > 613

§ 613. Agreement of the state. The state does pledge to and agree with  the  holders  of any and all bonds and notes of the corporation that the  state will not authorize any officer or agency of government, other than  the corporation, or any private person, to conduct off-track betting  in  the  city  on  horse  races, nor in any manner limit or alter the rights  hereby vested in the corporation to fulfill the terms of any  agreements  made with the said holders, or in any way impair the rights and remedies  of  such  holders  until the bonds and notes, together with the interest  thereon, 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  met and discharged.   The corporation is  authorized to include this pledge and agreement  of  the  state  in  any  agreement with the holders of such bonds or notes.