§ 19 — Agreement of the state

New York § 19

• Jurisdiction: New York
• Law UDR: Urban development research corporation act 173/68

Text

§ 19. Agreement of the state. The state does hereby pledge to and\nagree with the holders of any bonds or notes issued under this act that\nthe state will not limit or alter the rights hereby vested in the\ncorporation to fulfill the terms of any agreements made with the holders\nthereof, or in any way impair the rights and remedies of such holders\nuntil such bonds or notes, together with the interest thereon, with\ninterest on any unpaid installments of interest, and all costs and\nexpenses in connection with any action or proceeding by or on behalf of\nsuch holders, are fully met and discharged. The corporation is\nauthorized to include this pledge and agreement of the state in any\nagreement with the holders of such bonds or notes.\n