2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 12 - (650 - 670) NEW YORK CITY HOUSING DEVELOPMENT CORPORATION
659 - City's right to require redemption of bonds.

 
    §  659.  City's right to require redemption of bonds.  Notwithstanding
  and in addition to any provisions for the redemption of bonds which  may
  be  contained  in  any  contract with the holders of the bonds, the city
  may, upon furnishing sufficient funds therefor, require the  corporation
  to  redeem,  prior  to  maturity,  as a whole, any issue of bonds on any
  interest payment date not less than twenty years after the date  of  the
  bonds  of  such issue at one hundred five per centum of their face value
  and accrued interest or  at  such  lower  redemption  price  as  may  be
  provided  in  the  bonds in case of the redemption thereof as a whole on
  the redemption date. Notice of such redemption shall be published in  at
  least  two  newspapers published and circulating in the city of New York
  at least twice, the first publication to be at least thirty days  before
  the date of redemption.