KRS 247.953: Commonwealth prohibited from altering the right of corporation to fulfill

agreements with its bondholders.

In consideration of the acceptance of and payment for the bonds of the corporation by the

holders thereof, the Commonwealth does hereby pledge t o and agree with the holders of

any bonds of the corporation issued pursuant to the provisions of KRS 247.940 to

247.978, that the Commonwealth will not impair, limit, or alter the rights hereby vested

in the corporation to fulfill the terms of any agreeme nts made with the holders of the

bonds of the corporation, or in any way impair the rights or remedies of the holders

thereof, until the bonds, together with the interest thereon, with interest on any unpaid

installments of interest, and all costs and expe nses in connection with any action or

proceedings by or on behalf of the holders, are fully met and discharged. The corporation

is authorized to include this pledge and agreement of the Commonwealth in any

agreement with the holders of bonds of the corporation.