Rhode Island § 42-133-14 § 42-133-14. Agreement by the state.

Rhode Island Statutes

§ 42-133-14 — § 42-133-14. Agreement by the state.

Rhode Island·Title 42 State Affairs and Government·Ch. 42-133 Tobacco Settlement Financing Corporation Act

§ 42-133-14. Agreement by the state.
The state does hereby pledge to and agree with the holders of any bonds 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, or otherwise take any
            action that materially and adversely affects the rights of the holders, until the
            bonds, 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 t

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§ 42-133-14. Agreement by the state.

The state does hereby pledge to and agree with the holders of any bonds 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, or otherwise take any action that materially and adversely affects the rights of the holders, until the bonds, 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 the bonds.

Rhode Island § 42-133-14 (§ 42-133-14. Agreement by the state.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.