Rhode Island § 39-16-15 § 39-16-15. Pledge not to alter rights of authority.

Rhode Island Statutes

§ 39-16-15 — § 39-16-15. Pledge not to alter rights of authority.

Rhode Island § 39-16-15

Title 39Public Utilities and Carriers

Ch. 39-16Kent County Water District

This text of Rhode Island § 39-16-15 (§ 39-16-15. Pledge not to alter rights of authority.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 39-16-15 (2026).

Text

§ 39-16-15. Pledge not to alter rights of authority.
The state does hereby pledge to and agree with the holders of the bonds, notes, and
            other evidences of indebtedness of the authority that the state will not limit or
            alter rights hereby vested in the authority until the bonds, notes, or other evidences
            of indebtedness, together with interest thereon, with interest on any unpaid installment
            of interest and all costs and expenses in connection with any actions or proceedings
            by or on behalf of the bondholders, are fully met and discharged.
         

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§ 39-16-15. Pledge not to alter rights of authority.

The state does hereby pledge to and agree with the holders of the bonds, notes, and other evidences of indebtedness of the authority that the state will not limit or alter rights hereby vested in the authority until the bonds, notes, or other evidences of indebtedness, together with interest thereon, with interest on any unpaid installment of interest and all costs and expenses in connection with any actions or proceedings by or on behalf of the bondholders, are fully met and discharged.