The state pledges and agrees with the holders of bonds issued under section 37.31 that the state will not limit or alter the rights vested in the society to fulfill the terms of any agreements made with the bondholders or in any way impair the rights and remedies of the holders until the bonds, together with interest on them, 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 the bondholders, are fully met and discharged. The society may include this pledge and agreement of the state in any agreement with the holders of bonds issued under section 37.31.
2003 c 127 art 12 s 7; 1Sp2003 c 21 art 10 s 11
Structure Minnesota Statutes
Chapters 17 - 43 — Agriculture
Chapter 37 — State Agricultural Society; State Fair
Section 37.01 — Public Corporation.
Section 37.02 — Budget; Building Restrictions; Exemptions.
Section 37.04 — Board Of Managers.
Section 37.05 — Officers; Compensation; Expenses.
Section 37.06 — Secretary; Legislative Auditor; Duties; Report.
Section 37.07 — Monthly Statements By Secretary; Purchases, Expenditures.
Section 37.13 — Ownership Of Money And Property; Capital Improvements.
Section 37.14 — Management Of Property; General Offices.
Section 37.16 — Rules; Violation.
Section 37.17 — Shows, Exhibitions, Performances, Privileges.
Section 37.18 — Unlicensed Or Improper Exhibition.
Section 37.20 — Special Peace Officers.
Section 37.21 — Sale Of Liquors.
Section 37.22 — Lockup; Seizure Of Liquors.
Section 37.24 — Unlawful Admissions.
Section 37.27 — Fair Foundation.
Section 37.31 — Issuance Of Bonds.
Section 37.32 — Tender Option.
Section 37.34 — Money Of The Society.
Section 37.36 — Purchase And Cancellation By Society.
Section 37.37 — State Pledge Against Impairment Of Contracts.