§ 14 — Agreement of the state

New York § 14

• Jurisdiction: New York
• Law HHC: New York City health and hospitals corporation act 1016/69

Text

§ 14. Agreement of the state. The state of New York does pledge to and\nagree with the holders of any and all bonds and notes of the corporation\nthat the state will not limit or alter the rights hereby vested in the\ncorporation to fulfill the terms of any agreements made with the said\nholders, or in any way impair the rights and remedies of such holders\nuntil the bonds and notes, together with the interest thereon, interest\non any unpaid installments of interest, and all costs and expenses in\nconnection with any action or proceeding by or on behalf of such\nholders, are fully met and discharged. The corporation is authorized to\ninclude this pledge and agreement of the state in any agreement with the\nholders of such bonds or notes.\n