New York § 569 Protection of prior bondholders

New York Statutes

§ 569 — Protection of prior bondholders

New York § 569

Law PBAPublic Authorities

Title 3Triborough Bridge Authority

Art. 3Bridge and Tunnel Authorities

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Bluebook

N.Y. Public Authorities § 569 (2026).

Text

  § 569. Protection of prior bondholders. Nothing in this title\ncontained shall be deemed in any way to limit or alter the rights vested\nin the authority to establish and collect such charges and tolls as may\nbe convenient or necessary to produce sufficient revenue to meet the\nexpense of maintenance and operation and to fulfill the terms of any\nagreements made with the holders of bonds issued or authorized to be\nissued prior to January first, nineteen hundred forty-six, or in any way\nto impair the rights and remedies thereunder of the holders of such\nbonds.\n

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§ 569. Protection of prior bondholders. Nothing in this title\ncontained shall be deemed in any way to limit or alter the rights vested\nin the authority to establish and collect such charges and tolls as may\nbe convenient or necessary to produce sufficient revenue to meet the\nexpense of maintenance and operation and to fulfill the terms of any\nagreements made with the holders of bonds issued or authorized to be\nissued prior to January first, nineteen hundred forty-six, or in any way\nto impair the rights and remedies thereunder of the holders of such\nbonds.\n