The District pledges to the Authority that the District will not limit or alter rights vested in the Authority to fulfill agreements made with holders of the bonds, or in any way impair the rights and remedies of the holders of the bonds 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 proceedings by or on behalf of the holders of the bonds are fully met and discharged. The Authority is authorized to include this pledge of the District in any agreement with the holders of the bonds.
(Sept. 28, 1994, D.C. Law 10-188, § 212, 41 DCR 5333.)
1981 Ed., § 9-813.
Structure District of Columbia Code
Title 10 - Parks, Public Buildings, Grounds, and Space
Chapter 12 - Washington Convention and Sports Authority
Subchapter I - General Provisions
§ 10–1202.02a. Transfer of authority of the Armory Board
§ 10–1202.03. General powers of Authority
§ 10–1202.03a. Assistance for excluded workers
§ 10–1202.04. Limitations on Authority’s powers
§ 10–1202.05. Establishment of Board of Directors
§ 10–1202.06. Duties of the Board
§ 10–1202.07. President and Chief Executive Officer; appointment and duties
§ 10–1202.08. Washington Convention Center Fund; transfer and pledge of revenues
§ 10–1202.08b. Sports and Entertainment Fund
§ 10–1202.08c. Sports Facilities Account
§ 10–1202.09. Delegation of Council authority to issue bonds
§ 10–1202.10. Power of the Authority to issue bonds and notes
§ 10–1202.11. Terms for sale of bonds; additional bond and note provisions
§ 10–1202.12. District pledges
§ 10–1202.13. Transfer of excess cash
§ 10–1202.14. District of Columbia repayment option
§ 10–1202.15. Location of new convention center
§ 10–1202.15a. Redevelopment of existing convention center site
§ 10–1202.16. Merit personnel system inapplicable
§ 10–1202.17. Transition provisions; establishment of Interim Board of Directors. [Repealed]
§ 10–1202.18. Establishment of Advisory Committee. [Repealed]