Legislation

Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 1020-J
Notes of the authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 1-A
* § 1020-j. Notes of the authority. The authority shall have the power
and is hereby authorized from time to time to issue its negotiable notes
in conformity with applicable provisions of the uniform commercial code
for any corporate purpose and to refund from time to time any notes by
the issuance of new notes, whether the notes to be refunded have or have
not matured. The authority may issue notes partly to refund notes or to
discharge other obligations then outstanding and partly for any other
corporate purpose of the authority. The notes may be authorized, sold,
executed and delivered in the same manner as bonds. Any resolution or
resolutions authorizing notes of the authority or any issue thereof may
contain any provisions which the authority is authorized to include in
any resolution or resolutions authorizing bonds of the authority or any
issue thereof, and the authority may include in any notes any terms,
covenants or conditions which it is authorized to include in any bonds.

* NB There are 2 § 1020-j's