50-35-10
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50-35-10.
The
State of Georgia does pledge to and agree with the holders of any bonds issued
by the authority pursuant to this article that the state will not alter or limit
the rights vested in the authority to fulfill the terms of any agreement made
with or for the benefit of the holders of bonds or in any way impair the rights
and remedies of bondholders until the 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 or funds for the payment of such are fully provided.
The authority is authorized to include this pledge and agreement of the state in
any agreement with bondholders.