§ 14. Agreement of the state. The state of New York does pledge to and\nagree with the holders of any and all bonds and notes of the corporation\nthat the state will not limit or alter the rights hereby vested in the\ncorporation to fulfill the terms of any agreements made with the said\nholders, or in any way impair the rights and remedies of such holders\nuntil the bonds and notes, together with the interest thereon, interest\non any unpaid installments of interest, and all costs and expenses in\nconnection with any action or proceeding by or on behalf of such\nholders, are fully met and discharged. The corporation is authorized to\ninclude this pledge and agreement of the state in any agreement with the\nholders of such bonds or notes.\n
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.