Legislation

Search OpenLegislation Statutes

The Laws of New York
Consolidated Laws of New York
CHAPTER 43-A
Public Authorities
ARTICLE 5
Public Utility Authorities
TITLE 9
New York City Transit Authority
previous
SECTION 1207-B
Issuance of bonds and notes by the authority
up
TITLE 9
New York City Transit Authority
next
SECTION 1207-D
Agreement of the state
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 1207-C
Required redemption of bonds
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 9
§ 1207-c. Required redemption of bonds. Notwithstanding and in
addition to any provisions for the redemption of bonds which may be
contained in any contract with the holders of bonds, either the state of
New York or the city may, upon furnishing sufficient funds therefor,
require the authority to redeem as a whole any issue of the bonds at the
time or times and at the place or places and in accordance with the
terms upon which such bonds are redeemable.