LegalFix
Sign In

5-1.2-4-21. Bonds; pledge of state

IN Code § 5-1.2-4-21 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 21. The state pledges to and agrees with the holder of any bonds issued under this article that the state will not limit or alter the rights vested in the authority to fulfill the terms of any agreements made with bondholders or in any way impair the rights or remedies of bondholders until the bonds, together with the interest, 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 bondholders, are fully met and discharged. The authority is authorized to include this pledge and agreement of the state in any agreement with the bondholders.

As added by P.L.189-2018, SEC.25.

Previous Section
5-1.2-4-20. Money for the payment of bonds; contracts; security
Next Section
5-1.2-4-22. Bonds; exempt from state taxes