2010 Mississippi Code
TITLE 43 - PUBLIC WELFARE
Chapter 33 - Housing and Housing Authorities.
43-33-741 - Agreement by state not to alter vested rights.
§ 43-33-741. Agreement by state not to alter vested rights.
The state does hereby pledge to and agree with the holders of any bonds or notes issued under this article 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 in keeping with the provisions of this article, 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 proceedings 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. The chancery court shall have jurisdiction of any suit, action or proceeding by the trustee on behalf of bondholders or noteholders. The venue of any such suit, action or proceeding shall be in the First Judicial District of Hinds County, Mississippi.
Sources: Laws, 1989, ch. 525, § 22, eff from and after July 1, 1989.
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