New York Laws
Title 15 - Auburn Industrial Development Authority
2320 - Agreements of the City and State.

§ 2320. Agreements of the city and state. The city is authorized to,
and the state does hereby, pledge to and agree with the holders of the
bonds that neither the city nor the state, respectively, will limit or
alter the rights, hereby vested in the authority to acquire, construct,
reconstruct, improve, maintain, equip and finish 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 the
bonds, nor 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.

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