2006 New York Code - Notes Of The Authority.



 
    §  1009-a.  Notes of the authority. The authority shall have the power
  and is hereby authorized from time to time to issue its negotiable notes
  in conformity with applicable provisions of the uniform commercial  code
  for  any  corporate purpose and renew from time to time any notes by the
  issuance of new notes, whether the notes to be renewed have or have  not
  matured.  The  authority  may  issue  notes  partly to renew notes or to
  discharge other obligations then outstanding and partly  for  any  other
  purpose.  The  notes  may be authorized, sold, executed and delivered in
  the same manner as bonds.  Any  resolution  or  resolutions  authorizing
  notes  of  the authority or any issue thereof may contain any provisions
  which the authority is  authorized  to  include  in  any  resolution  or
  resolutions authorizing bonds of the authority or any issue thereof, and
  the  authority  may  include  in  any  notes  any  terms,  covenants  or
  conditions which it is authorized to include in any bonds.    All  notes
  shall  be general obligations of the authority payable out of any of its
  moneys or revenues, subject  only  to  any  contractual  rights  of  the
  holders of any of its notes or other obligations then outstanding.

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