Legislation
SECTION 10-B
No title
Port of Albany 192/25 (POA) CHAPTER 192
§ 10-b. Notwithstanding any inconsistent provision of this act or of
any other general, special or local law, all bonds issued by such
commission after this section shall become effective, shall be sold at
public sale, except that such commission may sell any of its bonds at
private sale if the state comptroller upon proper application shall give
his approval and consent in writing to such private sale and the terms
thereof. Notwithstanding the foregoing, however, such commission may not
sell any of its bonds to the state comptroller at private sale or
exchange any of its bonds for any of its bonds or notes held by the
state comptroller.
any other general, special or local law, all bonds issued by such
commission after this section shall become effective, shall be sold at
public sale, except that such commission may sell any of its bonds at
private sale if the state comptroller upon proper application shall give
his approval and consent in writing to such private sale and the terms
thereof. Notwithstanding the foregoing, however, such commission may not
sell any of its bonds to the state comptroller at private sale or
exchange any of its bonds for any of its bonds or notes held by the
state comptroller.