Laws of New York (Last Updated: November 21, 2014) |
PBA Public Authorities |
Article 5. PUBLIC UTILITY AUTHORITIES |
Title 1-A. LONG ISLAND POWER AUTHORITY |
Section 1020-J. Notes of the authority
Latest version.
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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 to refund from time to time any notes by the issuance of new notes, whether the notes to be refunded have or have not matured. The authority may issue notes partly to refund notes or to discharge other obligations then outstanding and partly for any other corporate purpose of the authority. 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. * NB There are 2 § 1020-j's