Rhode Island § 24-12-38 § 24-12-38. Covenant against competition.

Rhode Island Statutes

§ 24-12-38 — § 24-12-38. Covenant against competition.

Rhode Island·Title 24 Highways·Ch. 24-12 Rhode Island Turnpike and Bridge Authority

§ 24-12-38. Covenant against competition.
The state covenants and agrees with the holders of any bonds or obligations of the
            authority that the state will not authorize or permit the construction, operation,
            and maintenance of any additional facility for the transportation of passenger vehicles
            by any person or body other than the authority within a distance of ten (10) miles
            in either direction from any project financed by the authority under the provisions
            of this chapter.
         

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§ 24-12-38. Covenant against competition.

The state covenants and agrees with the holders of any bonds or obligations of the authority that the state will not authorize or permit the construction, operation, and maintenance of any additional facility for the transportation of passenger vehicles by any person or body other than the authority within a distance of ten (10) miles in either direction from any project financed by the authority under the provisions of this chapter.

Rhode Island § 24-12-38 (§ 24-12-38. Covenant against competition.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.