Section 1009-A. Notes of the authority  


Latest version.
  • 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.