2012 New York Consolidated Laws
PBA - Public Authorities
Article 6 - PORT AUTHORITIES
Title 2 - (1350 - 1374) PORT OF OSWEGO AUTHORITY
1367 - Agreement of state on authority rights.

 
    §  1367. Agreement of state on authority rights. The state of New York
  does pledge to and with the bondholders that the state will not limit or
  alter the rights hereby vested in the authority to  acquire,  construct,
  maintain,  reconstruct  and  operate a project or projects, to establish
  and collect rates, fees, rentals and other charges, and to  fulfill  the
  terms  of agreements made with the bondholders, or in any way impair the
  rights and remedies of the bondholders until the  bonds,  together  with
  interest  thereon, with interest on any unpaid installments of interest,
  and all costs and expenses in connection with an action or proceeding by
  or on behalf of  the  bondholders  are  fully  met  and  discharged.  No
  provision  of  this  title  shall  be  deemed  to limit the power of the
  legislature to authorize the state or a political subdivision thereof to
  acquire properties of the authority and pay the indebtedness thereof.