New York § 1599-I*3 Notes of the authority

New York Statutes

§ 1599-I*3 — Notes of the authority

New York § 1599-I*3

Law PBAPublic Authorities

Title 14**City of Niagara Falls Parking Authority

Art. 7Parking Authorities

This text of New York § 1599-I*3 (Notes of the authority) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Public Authorities § 1599-I*3 (2026).

Text

  * § 1599-i. Notes of the authority. The authority shall have power\nfrom time to time to issue notes and from time to time to issue renewal\nnotes (herein referred to as notes) maturing not later than five years\nfrom their respective original dates in an amount not exceeding at any\ntime one hundred thousand dollars, over and above the amount of bonds\nauthorized by subdivision one of section 1599-h of this title, for any\npurpose or purposes for which bonds may be issued, whenever the\nauthority shall determine that payment thereof can be made in full from\nany moneys or revenues which the authority expects to receive from any\nsource. Such notes may, among other things, be issued to provide funds\nto pay preliminary costs of surveys, plans or other matters relating to\nany proposed pr

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* § 1599-i. Notes of the authority. The authority shall have power\nfrom time to time to issue notes and from time to time to issue renewal\nnotes (herein referred to as notes) maturing not later than five years\nfrom their respective original dates in an amount not exceeding at any\ntime one hundred thousand dollars, over and above the amount of bonds\nauthorized by subdivision one of section 1599-h of this title, for any\npurpose or purposes for which bonds may be issued, whenever the\nauthority shall determine that payment thereof can be made in full from\nany moneys or revenues which the authority expects to receive from any\nsource. Such notes may, among other things, be issued to provide funds\nto pay preliminary costs of surveys, plans or other matters relating to\nany proposed project. The authority may pledge such moneys or revenues\n(subject to any other pledge thereof) for the payment of the notes and\nmay in addition secure the notes in the same manner and with the same\neffect as herein provided for bonds. The notes shall be issued in the\nsame manner as bonds. The authority shall have power to make contracts\nfor the future sale from time to time of the notes, by which the\npurchasers shall be committed to purchase the notes from time to time on\nterms and conditions stated in such contracts, and the authority shall\nhave power to pay such consideration as it shall deem proper for such\ncommitments. In case of default on its notes or violation of any of the\nobligations of the authority to the noteholders, the noteholders shall\nhave all the remedies provided herein for bondholders.\n * NB Authority ceased to exist 07/01/1974\n * NB There are 4 § 1599-i's\n