§ 3560. Bonds or notes of the corporation. 1. The corporation shall\nhave power as hereby authorized from time to time to issue negotiable\nbonds in conformity with applicable provisions of the uniform commercial\ncode provided, however, that such power shall only be exercised to the\nextent authorized in the contract between the corporation and the\ndepartment of health provided for in subdivision two of section four\nhundred three of the public health law. The corporation shall have\npower from time to time to refund any bonds by the issuance of new\nbonds, whether the bonds to be refunded have or have not matured, and\nmay issue bonds partly to refund bonds then outstanding and partly for\nany other corporate purpose. Except as may otherwise be expressly\nprovided by the corporation, every issue of new bonds shall be general\nobligations payable out of any moneys or revenues of the corporation,\nsubject only to any agreements with the holders of particular bonds\npledging any particular moneys or revenues.\n 2. Such bonds shall be authorized by resolution of the board, be in\nsuch denominations and shall bear such date or dates, mature at the time\nor times not exceeding forty years from their respective dates, bear\ninterest at such rate or rates payable at such times, be in such form,\neither coupon or registered, carry such registration privileges, be\nexecuted in such manner, be payable in such medium of payment at such\nplace or places, and be subject to such terms of redemption as such\nresolution or resolutions may provide. Such bonds may be sold at public\nor private sale for such price or prices as the corporation shall\ndetermine.\n 3. Such bonds may be issued for any corporate purposes of the\ncorporation.\n 4. Bonds issued by the corporation may be general obligations secured\nby the faith and credit of the corporation or may be special obligations\npayable solely out of particular revenues or other moneys as may be\ndesignated in the proceedings of the corporation under which the bonds\nshall be authorized to be issued, subject as to priority only to any\nagreements with the holders of outstanding bonds pledging any particular\nproperty, revenues or moneys. The corporation may also enter into loan\nagreements, lines of credit and other security agreements and obtain for\nor on its behalf letters of credit, insurance, guarantees or other\ncredit enhancements to the extent now or hereafter available, in each\ncase for securing its bonds or to provide direct payment of any costs\nwhich the corporation is authorized to pay.\n 5. Any resolution or resolutions authorizing any bonds may contain\nprovisions which may be a part of the contract with the holders of the\nbonds as to:\n (a) pledging all or any part of the moneys or property of the\ncorporation to secure the payment of its bonds, including, but not\nlimited to, the revenues of designated facilities of the corporation,\nthe proceeds of any grant in aid of the corporation received from any\nprivate or public source, any federally guaranteed security and moneys\nreceived therefrom whether such security is initially acquired by the\ncorporation or otherwise, any moneys received under the terms of any\nlease, loan or other agreement executed pursuant to this title, or any\nother revenues which may be received by the corporation;\n (b) the setting aside of reserves or sinking funds and the regulation\nor disposition thereof;\n (c) the purposes and limitations thereon to which the proceeds of sale\nof any issue of bonds then or thereafter to be issued may be applied,\nincluding as authorized purposes, all costs and expenses necessary or\nincidental to the issuance of bonds, to the acquisition of or commitment\nto acquire any federally guaranteed security and to the issuance and\nobtaining of any federally insured mortgage note;\n (d) limitations on the issuance of additional bonds; the terms upon\nwhich additional bonds may be issued and secured; the re
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