New York § 45 Repurchase of authority bonds

New York Statutes

§ 45 — Repurchase of authority bonds

New York·Law PBG Public Housing·Art. 3 Municipal Housing Authorities

  § 45. Repurchase of authority bonds.  An authority shall have power to\npurchase any bonds issued by it for the purpose of retirement or\ninvestment. An authority shall not purchase such bonds at a price in\nexcess of the face value thereof plus a premium of four per centum. All\nbonds purchased for the purpose of retirement shall be cancelled.\n

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