48-4255. Agreement of state
This state pledges to and agrees with the holders of the bonds and other obligations authorized under this article that it will not limit, alter or impair the rights vested in the county stadium district to collect and receive monies, including the taxes and surcharges levied pursuant to article 2 of this chapter or an equivalent source, necessary to produce sufficient revenue to fulfill the terms of any agreements made with the holders of the bonds or other obligations or in any way impair the rights and remedies of the holders of the bonds or obligations, until all bonds and obligations issued and incurred under this article, together with interest, interest on any unpaid installments of principal or interest, and all costs and expenses in connection with any action or proceedings by or on behalf of the bondholders, are fully met and discharged. The board as agent for this state may include this pledge and undertaking in its resolutions and indentures authorizing and securing its bonds and obligations.
Section: Previous 48-4235 48-4236 48-4237 48-4251 48-4252 48-4253 48-4254 48-4255 48-4401 48-4402 48-4403 48-4404 48-4431 48-4432 48-4433 NextLast modified: October 13, 2016