2019 U.S. Virgin Islands Code
Title 21 - Homesteads and Home Loans
Chapter 2 - Home Owners Construction and Mortgage Assistance
§ 107. Government pledge
Universal Citation:
V.I. Code tit. 21, § 107 (2019)
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on the American Association of Law Libraries Universal Citation Guide and is not
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The government does pledge to and agree with the holders of any bonds or notes issued pursuant to this chapter that the government will not limit or alter the rights hereby vested in it 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 and 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 Authority is authorized to include this pledge and agreement of the government in any agreement with the holders of bonds or notes.
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