§ 42-55-18 - Pledge of the state. - Rhode-island Statutes

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Statutes > Rhode-island > Title-42 > Chapter-42-55 > 42-55-18

SECTION 42-55-18

§ 42-55-18 Pledge of the state. – The state pledges to and agrees with the holders of any notes or bonds issuedunder this chapter that the state will not limit or alter the rights vested inthe corporation to fulfill the terms of any agreements made with the holders orin any way impair the rights and remedies of those holders until those notesand bonds, together with their interest, with interest on any unpaidinstallments of interest, and all costs and expenses in connection with anyaction or proceeding by or on behalf of those holders, are fully met anddischarged. The corporation is authorized to include this pledge and agreementof the state in any agreement with the holders of those notes or bonds.

State Codes and Statutes

Statutes > Rhode-island > Title-42 > Chapter-42-55 > 42-55-18

SECTION 42-55-18

§ 42-55-18 Pledge of the state. – The state pledges to and agrees with the holders of any notes or bonds issuedunder this chapter that the state will not limit or alter the rights vested inthe corporation to fulfill the terms of any agreements made with the holders orin any way impair the rights and remedies of those holders until those notesand bonds, together with their interest, with interest on any unpaidinstallments of interest, and all costs and expenses in connection with anyaction or proceeding by or on behalf of those holders, are fully met anddischarged. The corporation is authorized to include this pledge and agreementof the state in any agreement with the holders of those notes or bonds.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-42 > Chapter-42-55 > 42-55-18

SECTION 42-55-18

§ 42-55-18 Pledge of the state. – The state pledges to and agrees with the holders of any notes or bonds issuedunder this chapter that the state will not limit or alter the rights vested inthe corporation to fulfill the terms of any agreements made with the holders orin any way impair the rights and remedies of those holders until those notesand bonds, together with their interest, with interest on any unpaidinstallments of interest, and all costs and expenses in connection with anyaction or proceeding by or on behalf of those holders, are fully met anddischarged. The corporation is authorized to include this pledge and agreementof the state in any agreement with the holders of those notes or bonds.