§ 1433. Bonds of the authority. 1. The authority shall have the power\nand is hereby authorized from time to time to issue its bonds in\nconformity with applicable provisions of the uniform commercial code in\nsuch principal amounts as may be determined by the authority to be\nnecessary to pay all or part of the cost of any project or any other\ncorporate purpose. The authority shall have power from time to time and\nwhenever it deems refunding expedient, to refund any bonds by the\nissuance of new bonds, whether the bonds to be refunded have or have not\nmatured, and may issue bonds partly to refund bonds then outstanding and\npartly for any other corporate purpose. The refunding bonds may be\nexchanged for the bonds to be refunded, with such cash adjustments as\nmay be agreed, or may be sold and the proceeds applied to the purchase\nor payment of the bonds to be refunded. Except as may otherwise be\nexpressly provided by the authority, the bonds of every issue shall be\ngeneral obligations of the authority payable out of any moneys or\nrevenues of the authority, subject only to any agreements with the\nholders of particular bonds pledging any particular moneys or revenues.\n 2. The bonds shall be authorized by resolution of the board and shall\nbear such date or dates, mature at such time or times, not exceeding\nthirty years from their respective dates, bear interest at such rate or\nrates, be in such denominations, be in such form, either coupon or\nregistered, carry such registration privileges, be executed in such\nmanner, be payable in lawful money of the United States of America at\nsuch place or places, and be subject to such terms of redemption, as\nsuch resolution or resolutions may provide. The bonds may be sold at\nprivate sale subject to the approval of the state comptroller or at a\npublic sale for such price or prices as the authority shall determine.\n 3. Any resolution or resolutions authorizing any bonds or any issue of\nbonds may contain provisions, which shall be a part of the contract with\nthe holders of the bonds thereby authorized, as to\n (a) pledging all or any part of the revenues derived by the authority\nfrom the ownership or operation of, or otherwise in connection with, any\nproject or projects or any part or parts thereof to secure the payment\nof the bonds, or of any issue thereof, subject to such agreements with\nbondholders as may then exist;\n (b) the rates, rentals, fees and other charges to be charged, and the\namounts to be raised in each year thereby, and the use and disposition\nof revenues;\n (c) the creation and setting aside of reserves or sinking funds, and\nthe regulation and disposition thereof;\n (d) limitations on the right of the authority to restrict and regulate\nthe use of a project;\n (e) limitations on the purpose to which the proceeds of sale of any\nissue of bonds then or thereafter to be issued may be applied and\npledging such proceeds to secure the payment of the bonds or of any\nissue of the bonds;\n (f) limitations on the issuance of additional bonds; the terms upon\nwhich additional bonds may be issued and secured; the refunding of\noutstanding or other bonds;\n (g) the procedure, if any, by which the terms of any contract with\nbondholders may be amended or abrogated, the amount of bonds the holders\nof which must consent thereto, and the manner in which such consent may\nbe given;\n (h) limitations on the amount of moneys derived from a project to be\nexpended for operating, administrative or other expenses of the\nauthority;\n (i) vesting in a trustee or trustees such property, rights, powers and\nduties in trust as the authority may determine which may include any or\nall of the rights, powers and duties of the trustee appointed by the\nbondholders pursuant to section one thousand four hundred thirty-nine\nhereof, and limiting or abrogating the right of the bondholders to\nappoint a trustee under said section or limiting the rights, duties and\npowe
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