* § 1559. Notes of the authority. The authority shall have power from
time to time to issue its negotiable notes in conformity with applicable
provisions of the uniform commercial code and from time to time to issue
renewal notes (herein referred to as notes) maturing not later than five
years from their respective original dates in an amount not exceeding at
any time one hundred thousand dollars, over and above the amount of
bonds authorized by subdivision one of bonds of the authority, for any
purpose or purposes for which bonds may be issued, whenever the
authority shall determine that payment thereof can be made in full from
any moneys or revenues which the authority expects to receive from any
source. Such notes may, among other things, be issued to provide funds
to pay preliminary costs of surveys, plans or other matters relating to
any proposed project. The authority may pledge such moneys or revenues
(subject to any other pledge thereof) for the payment of the notes and
may in addition secure the notes in the same manner and with the same
effect as herein provided for bonds. The notes shall be issued in the
same manner as bonds. The authority shall have power to make contracts
for the future sale from time to time of the notes, by which the
purchasers shall be committed to purchase the notes from time to time on
terms and conditions stated in such contracts and the authority shall
have power to pay such consideration as it shall deem proper for such
commitments. In case of default on its notes, or violation of any of the
obligations of the authority to the noteholders, the noteholders shall
have all the remedies provided herein for bondholders.

* NB Dissolved December 31, 1977

* NB There are 2 § 1559's