Indiana § 8-10-1-30 Rights of bondholders not to be impaired

Indiana Statutes

§ 8-10-1-30 — Rights of bondholders not to be impaired

Indiana·Art. 10 PORTS·Ch. 1 Ports of Indiana─Organization

The state pledges and agrees with the holders
of any bonds issued under this article that the state will not limit or
alter the rights vested in the ports of Indiana to fulfill the terms of any
agreements made with the holders or in any way impair the rights or
remedies of the holders until the bonds, together with the interest, 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 the holders, are fully met and discharged. The ports of Indiana is
authorized to include this pledge and agreement of the state in any
agreement with the holders of the bonds.

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The state pledges and agrees with the holders
of any bonds issued under this article that the state will not limit or
alter the rights vested in the ports of Indiana to fulfill the terms of any
agreements made with the holders or in any way impair the rights or
remedies of the holders until the bonds, together with the interest, 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 the holders, are fully met and discharged. The ports of Indiana is
authorized to include this pledge and agreement of the state in any
agreement with the holders of the bonds.

Indiana § 8-10-1-30 (Rights of bondholders not to be impaired) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.