Agreements with bondholders or noteholders - 53 Pa. Cons. Stat. § 8112
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Pennsylvania Statutes
§ 8112. Agreements with bondholders or noteholders.
Except as otherwise specified in this subpart, a local
government unit may enter into and perform contracts with the
holders of its bonds or notes, binding upon the original
purchasers and their respective transferees, placing greater
reasonable and lawful restrictions on the local government unit
or on the action of individual holders of bonds or notes than
are provided in this subpart, but no additional agreement
restricting the action of a holder of a bond or note shall be
binding upon a remote holder of a bond or note unless the
substance of the agreement is set forth in the text of the bond
or note, or set forth in a bond resolution or indenture of trust
which is kept available in one or more designated public offices
and to all of which a reference is made in the text of the bond
or note.
Section: 8105 8106 8107 8108 8109 8110 8111 8112 8113 8114 8115 8116 8121 8122 8123
Last modified: November 27, 2007
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