ยง 3614. Agreement with towns. The towns are authorized to pledge to
and agree with the holders of any bonds issued by the corporation
pursuant to this title and with those persons or public corporations who
may enter into contracts with the corporation pursuant to the provisions
of this title that the towns will not alter, limit or impair the rights
hereby vested in the corporation to purchase, construct, own and
operate, maintain, repair, improve, reconstruct, renovate, rehabilitate,
enlarge, increase and extend, or dispose of any project, or any part or
parts thereof, for which bonds of the corporation shall have been
issued, to establish, collect and adjust rates, rents, fees and other
charges referred to in this title, to fulfill the terms of any
agreements made with the holders of the bonds or with any public
corporation or person with reference to such project or part thereof, or
in any way impair the rights and remedies of the holders of bonds, until
the bonds, together with interest thereon, including 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 holders
of bonds, are fully met and discharged and such contracts are fully
performed on the part of the corporation.
Structure New York Laws
Article 10-C - New York Health Care Corporations
Title 5 - Clifton-Fine Health Care Corporation
3601 - Legislative Findings and Purpose.
3603 - Clifton-Fine Health Care Corporation.
3604 - Transfer of Officers and Employees; Civil Service.
3605 - General Powers of the Corporation.
3606 - Special Powers of the Corporation.
3608 - Bonds or Notes of the Corporation.
3609 - Remedies of Bondholders.
3610 - State and Towns Not Liable on Corporation Bonds.
3611 - Monies of the Corporation.
3612 - Bonds; Legal Investment for Fiduciaries.
3615 - Tax Exemption and Tax Contract by the State.
3616 - Actions Against Corporation.
3617 - Audit and Annual Reports.
3618 - Defense and Indemnification.
3619 - Transfer of Applications, Proceedings, Approvals and Permits.