2020 Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-99 Convention Center Authority Act
Section 42-99-12 Pledge of the state.
§ 42-99-12. Pledge of the state.
The state does pledge to and agree with the holders of any notes or bonds issued by the corporation under this chapter that the state will not limit or alter the rights 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 the holders until the notes and 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 the holders, are fully met and discharged. The corporation is authorized to include this pledge and agreement with the holders of the notes or bonds.
History of Section.
(P.L. 1987, ch. 455, § 12.)
