New York § 42 Provisions of authority bonds

New York Statutes

§ 42 — Provisions of authority bonds

New York § 42

Law PBGPublic Housing

Art. 3Municipal Housing Authorities

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Bluebook

N.Y. Public Housing § 42 (2026).

Text

  § 42. Provisions of authority bonds.  Bonds of an authority shall be\nauthorized by its resolution and may be issued singly or in one or more\nseries, and shall bear such date or dates, mature at such time or times,\nbear interest at such rate or rates, without limitation, be in such\ndenomination or denominations, interchangeable or otherwise, be in such\nform, either coupon or registered, carry such conversion or registration\nprivileges, have such rank or priority, be executed in such manner, with\nor without authentication, and be subject to such terms of redemption\nwith or without premium, and be secured in such manner, as such\nresolution may provide. The bonds may be sold by the authority at public\nor private sale at such price or prices as the authority may determine.\n

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§ 42. Provisions of authority bonds. Bonds of an authority shall be\nauthorized by its resolution and may be issued singly or in one or more\nseries, and shall bear such date or dates, mature at such time or times,\nbear interest at such rate or rates, without limitation, be in such\ndenomination or denominations, interchangeable or otherwise, be in such\nform, either coupon or registered, carry such conversion or registration\nprivileges, have such rank or priority, be executed in such manner, with\nor without authentication, and be subject to such terms of redemption\nwith or without premium, and be secured in such manner, as such\nresolution may provide. The bonds may be sold by the authority at public\nor private sale at such price or prices as the authority may determine.\n