Rhode Island § 35-12-13 § 35-12-13. Agreement of the state.

Rhode Island Statutes

§ 35-12-13 — § 35-12-13. Agreement of the state.

Rhode Island·Title 35 Public Finance·Ch. 35-12 University of Rhode Island Research Corporation

§ 35-12-13. Agreement of the state.
The state does hereby pledge to and agree with the holders of any notes issued under
            this chapter, that the state will not limit or alter the rights vested in the corporation
            to fulfill the terms of any agreements made with the holders until these notes, together
            with the interest thereon, with interest on any unpaid installments of interest, and
            all costs and expenses in connection with any action or proceeding by or on behalf
            of holders, are fully met and discharged. The corporation is authorized to include
            this pledge and agreement of the state in any agreement with the holders of notes.
         

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§ 35-12-13. Agreement of the state.

The state does hereby pledge to and agree with the holders of any notes issued under this chapter, that the state will not limit or alter the rights vested in the corporation to fulfill the terms of any agreements made with the holders until these notes, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of holders, are fully met and discharged. The corporation is authorized to include this pledge and agreement of the state in any agreement with the holders of notes.

Rhode Island § 35-12-13 (§ 35-12-13. Agreement of the state.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.