New York § 1599-JJJ Notes of the authority

New York Statutes

§ 1599-JJJ — Notes of the authority

New York § 1599-JJJ

Law PBAPublic Authorities

Title 16Village of Mount Kisco Parking Authority

Art. 7Parking Authorities

This text of New York § 1599-JJJ (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-JJJ (2026).

Text

  * § 1599-jjj. Notes of the authority. The authority shall have power\nfrom time to time to issue its negotiable notes in conformity with\napplicable provisions of the uniform commercial code and from time to\ntime to issue renewal notes (herein referred to as notes) maturing not\nlater than five years from their respective original dates in an amount\nnot exceeding at any time one hundred thousand dollars, over and above\nthe amount of bonds authorized by subdivision one of section fifteen\nhundred ninety-nine-iii of this title, for any purpose or purposes for\nwhich bonds may be issued, whenever the authority shall determine that\npayment thereof can be made in full from any moneys or revenues which\nthe authority expects to receive from any source. Such notes may, among\nother things, 

Free access — add to your briefcase to read the full text and ask questions with AI

* § 1599-jjj. Notes of the authority. The authority shall have power\nfrom time to time to issue its negotiable notes in conformity with\napplicable provisions of the uniform commercial code and from time to\ntime to issue renewal notes (herein referred to as notes) maturing not\nlater than five years from their respective original dates in an amount\nnot exceeding at any time one hundred thousand dollars, over and above\nthe amount of bonds authorized by subdivision one of section fifteen\nhundred ninety-nine-iii of this title, for any purpose or purposes for\nwhich bonds may be issued, whenever the authority shall determine that\npayment thereof can be made in full from any moneys or revenues which\nthe authority expects to receive from any source. Such notes may, among\nother things, be issued to provide funds to pay preliminary costs of\nsurveys, plans or other matters relating to any proposed project. The\nauthority may pledge such moneys or revenues (subject to any other\npledge thereof) for the payment of the notes and may in addition secure\nthe notes in the same manner and with the same effect as herein provided\nfor bonds. The notes shall be issued in the same manner as bonds. The\nauthority shall have power to make contracts for the future sale from\ntime to time of the notes, by which the purchasers shall be committed to\npurchase the notes from time to time on terms and conditions stated in\nsuch contracts, and the authority shall have power to pay such\nconsideration as it shall deem proper for such commitments. In case of\ndefault on its notes, or violation of any of the obligations of the\nauthority to the noteholders, the noteholders shall have all the\nremedies provided herein for bondholders.\n * NB Authority ceased to exist 06/01/1976\n * NB There are 2 § 1599-jjj's\n