N.Y. Medical Care Facilities Finance Agency 392/73 § 13: Agreement with the state

§ 13. Agreement with the state. The state does hereby pledge to and

agree with the holders of any notes or bonds issued under this act, that

the state will not limit or alter the rights hereby vested in the agency

to fulfill the terms of any agreements made with the holders thereof, or

in any way impair the rights and remedies of such holders until such

notes or bonds, together with the 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 such

holders, are fully met and discharged. The agency is authorized to

include this pledge and agreement of the state in any agreement with the

holders of such notes or bonds.