§ 1021-i. Bonds, notes and other obligations of the authority. 1. The\nauthority shall have power and is hereby authorized from time to time to\nissue its bonds, notes or other obligations, in an aggregate amount not\nto exceed one hundred twenty-five million dollars, for the purpose of\nfinancing any capital project authorized by this title, including but\nnot limited to, the acquisition of any real or personal property or\nfacilities deemed necessary by the authority, development and\nprofessional expenses, and funding any capital or other reserve funds\nestablished in connection with the authority's operations or issuances,\nin such principal amount as the directors shall determine necessary to\nperform its corporate duties and further its purposes as authorized in\nthis title. The maximum maturity of any such bond shall not exceed\nthirty years from its date of issuance. The maximum maturity of any such\nnote or other obligation shall not exceed five years from its date of\nissuance.\n 2. Except as may be otherwise expressly provided by the authority, the\nissuance of bonds, notes or other obligations, shall be general\nobligations of the authority payable out of any moneys or revenues of\nthe authority, subject only to any agreements with the holders of\nparticular bonds, notes or other obligations pledging any particular\nmoneys or revenues.\n 3. The authority shall have power from time to time, whenever it deems\nrefunding expedient, to refund any bonds, notes or other obligations by\nthe issuance of new bonds, notes or other obligations, up to one hundred\ntwenty-five million dollars in the aggregate, whether the bonds, notes\nor other obligations to be refunded have or have not matured, and may\nissue bonds, notes or other obligations partly to refund bonds, notes or\nother obligations then outstanding and partly for any other purpose\ndescribed in this section. Refunding bonds, notes or other obligations\nmay be exchanged for the bonds, notes or other obligations to be\nrefunded, with such cash adjustments as may be agreed, or may be sold\nwith the proceeds applied to the purchase or payment of the bonds to be\nrefunded.\n 4. Bonds may be issued either in a series with multiple discrete\nmaturity dates or as term bonds with a single maturity date. The bonds,\nnotes or other obligations shall be authorized by resolution of the\ndirectors and shall bear such date or dates, mature at such time or\ntimes, bear interest at such rate or rates, payable annually or\nsemi-annually, be in such denominations, be in such form, carry such\nregistration privileges, be executed in such manner, be payable in\nlawful money of the United States of America at such place or places,\nand be subject to such terms of redemption, as such resolution or\nresolutions may provide. In the event that term bonds, notes or other\nobligations are issued, the resolution authorizing the same may make\nsuch provisions for the establishment and management of adequate sinking\nfunds for the payment thereof, as the authority may deem necessary.\n 5. The bonds, notes or other obligations of the authority may be sold\nat public or private sale for such price or prices as the authority\nshall determine. For a private sale of its securities, the authority\nshall obtain the written approval of the terms of such sale from the\ncomptroller if such sale is to a party other than the comptroller, or\nfrom the director of the budget where such sale is to the comptroller,\nin either case prior to closing the issuance transaction.\n 6. Any resolution authorizing any issuance of bonds, notes or other\nobligations may contain provisions, which shall be a part of the\ncontract between the authority and the holders of the issued securities,\nas to:\n (a) pledging all or any part of the revenues of the authority or its\nprojects or any revenue producing contract or contracts made by the\nauthority with any individual, partnership, limited liability company,\ncorporat
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