Code of the District of Columbia

§ 8–173.45. No limitation, alteration, or impairment of rights and remedies of bondholders.

The District pledges to the holders of any bonds issued under this chapter that the District will not limit or alter rights vested in the Authority to fulfill agreements made with holders of the bonds, or in any way impair the rights and remedies of the holders of the bonds 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 proceedings by or on behalf of such holders are fully met and discharged. The Authority may include this pledge of the District in any agreement with the holders of bonds.


(Aug. 22, 2018, D.C. Law 22-155, § 405, 65 DCR 7159.)