§ 3614 — Agreement with towns

New York § 3614

• Jurisdiction: New York
• Law PBA: Public Authorities
• Title 5: Clifton-fine Health Care Corporation
• Art. 10-C: New York Health Care Corporations

Text

§ 3614. Agreement with towns. The towns are authorized to pledge to\nand agree with the holders of any bonds issued by the corporation\npursuant to this title and with those persons or public corporations who\nmay enter into contracts with the corporation pursuant to the provisions\nof this title that the towns will not alter, limit or impair the rights\nhereby vested in the corporation to purchase, construct, own and\noperate, maintain, repair, improve, reconstruct, renovate, rehabilitate,\nenlarge, increase and extend, or dispose of any project, or any part or\nparts thereof, for which bonds of the corporation shall have been\nissued, to establish, collect and adjust rates, rents, fees and other\ncharges referred to in this title, to fulfill the terms of any\nagreements made with the holders of the bonds or with any public\ncorporation or person with reference to such project or part thereof, or\nin any way impair the rights and remedies of the holders of bonds, until\nthe bonds, together with interest thereon, including interest on any\nunpaid installments of interest, and all costs and expenses in\nconnection with any action or proceeding by or on behalf of the holders\nof bonds, are fully met and discharged and such contracts are fully\nperformed on the part of the corporation.\n