Statute · New York Urban development research corporation act
N.Y. Urban development research corporation act § 19 — Agreement of the state
N.Y. Urban development research corporation act § 19
- Type
- Statute
- Source
- New York Urban development research corporation act
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 19. Agreement of the state. The state does hereby pledge to and agree with the holders of any bonds or notes issued under this act that the state will not limit or alter the rights hereby vested in the corporation to fulfill the terms of any agreements made with the holders thereof, or in any…
Citator
N.Y. Urban development research corporation act § 19 — Agreement of the state is in force in the current edition of the Code, and nothing recorded condemns it.
§ 19. Agreement of the state. The state does hereby pledge to and agree with the holders of any bonds or notes issued under this act that the state will not limit or alter the rights hereby vested in the corporation to fulfill the terms of any agreements made with the holders thereof, or in any way impair the rights and remedies of such holders until such bonds or 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 such 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 such bonds or notes.