Section 42. Provisions of authority bonds  


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  • Bonds of an authority shall be
      authorized by its resolution and may be issued singly or in one or  more
      series, and shall bear such date or dates, mature at such time or times,
      bear  interest  at  such  rate  or rates, without limitation, be in such
      denomination or denominations, interchangeable or otherwise, be in  such
      form, either coupon or registered, carry such conversion or registration
      privileges, have such rank or priority, be executed in such manner, with
      or  without  authentication,  and be subject to such terms of redemption
      with or without  premium,  and  be  secured  in  such  manner,  as  such
      resolution may provide. The bonds may be sold by the authority at public
      or private sale at such price or prices as the authority may determine.