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If Congress doesn't raise the debt ceiling, Washington won't have enough money to pay the contractors, employees, investors and beneficiaries it has already committed (in statute) to pay.
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But if so, our statute requires us to pay back such funds through further premiums.
"The statute says that they have to pay me at the time they take the land," he pointed out, "but it took them a year after they took my buildings to pay me.
As two other powerful congressmen, Jim Wright and Dan Rostenkowski, learned years ago, there is a heavy price to pay for violating criminal statutes or Congressional rules.
Corporate bylaws and state statutes typically permit, and sometimes require, companies to pay legal defense fees for their directors, officers and employees.
"We have to pay attention to our statutes, and the Olympic charter, and even in the resolutions of the United Nations, it is written: the autonomy of sport must be guaranteed.
Ms. Andersen says her association opposes filing lawsuits against out-of-statute debt or using trickery to get consumers to pay.
Unlike Lilco, LIPA is a public authority, generally exempt from paying property taxes, and the 1986 statute that created LIPA specified that it would not have to pay taxes on any "property acquired or controlled" by it after the takeover.
The other point of dispute is how much the company will have to pay in penalties under a different environmental statute for damage caused by the oil to the area: beaches, marshes, wildlife and fisheries.
Because Social Security is insurance and people have to pay in to become insured, the 1935 statute didn't provide for any benefits to be paid until 1942!
In other cases the power to sell the goods to pay the sum due has been conferred by statute.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com