Title 50, Chapter 35, Section 10
( 50-35-10)
The State of Georgia does pledge to and agree with the holders of
any bonds issued by the authority pursuant to this article that the
state will not alter or limit the rights vested in the authority to
fulfill the terms of any agreement made with or for the benefit of
the holders of bonds or in any way impair the rights and remedies of
bondholders until the 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 such holders, are fully met and discharged or funds for
the payment of such are fully provided. The authority is authorized
to include this pledge and agreement of the state in any agreement
with bondholders. |