N.Y. Urban Development Corporation Act 174/68 § 24: Agreement with the state

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

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

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

corporation 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 bonds or notes, 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 corporation is

authorized to include this pledge and agreement of the state in any

agreement with the holders of such bonds or notes.