New York Laws
Title 16* - Jamestown Parking Authority
1599-KKK*2 - Agreements of the City.

* § 1599-kkk. Agreements of the city. 1. The city of Jamestown is
authorized to pledge to and agree with the holders of the bonds that the
city will not limit or alter the rights hereby vested in the authority
to acquire, construct, maintain, reconstruct and operate the project or
projects, to establish and collect rentals, fees and other charges and
to fulfill the terms of any agreements made with the holders of bonds or
in any way impair the rights and remedies of the bondholders, until the
bonds, together with 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 the bondholders, are fully
met and discharged.

2. The authority is hereby authorized, in its discretion, for and on
behalf of itself and the city of Jamestown, to covenant and agree with
the holders of the bonds, with such exceptions and limitations as it may
deem in the public interest, that no public parking areas except those
acquired and operated by the authority will be constructed or operated
in the city by the city, or by any public benefit or other corporation
the members or some of which are elected or are appointed by city
officials, except that meters may be installed and operated on public
streets of the city, until either (a) the bonds, together with interest
thereon, 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 or (b) principal or
interest of any of the bonds shall be overdue and unpaid for a period of
three years or more.

* NB Authority ceased to exist 04/01/1977

* NB There are 2 § 1599-kkk's