§ 45. Repurchase of authority bonds. An authority shall have power to\npurchase any bonds issued by it for the purpose of retirement or\ninvestment. An authority shall not purchase such bonds at a price in\nexcess of the face value thereof plus a premium of four per centum. All\nbonds purchased for the purpose of retirement shall be cancelled.\n
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.