83.00 – Contesting of Validity of Obligations; Substantial Compliance.
§ 83.00 Contesting of validity of obligations; substantial compliance. a. If an action, suit or proceeding contesting the validity of the obligations authorized by such resolution or certificate is commenced within twenty days from the date of publication of such resolution, summary of such resolution or certificate together with such notice, the court in which […]
84.00 – Effect of Recital of Validity in Obligations.
§ 84.00 Effect of recital of validity in obligations. If the obligations issued pursuant to a resolution or certificate published in the manner provided in this title contain a recital in substantially the form prescribed in section 52.00 of this chapter, such recital shall bind the municipality, school district or district corporation issuing such obligations, […]
85.00 – Limitation of Provisions; Emergency Period.
§ 85.00 Limitation of provisions; emergency period. No provisions of this title, other than section 85.80, shall be applicable to the city of New York. The provisions of this title shall be applicable (a) only to a municipality , other than the city of New York, with respect to which the legislature has declared that […]
85.10 – Notice of Claim.
§ 85.10 Notice of claim. No act shall be done or action or special proceeding shall be prosecuted or maintained seeking to apply or enforce against the municipality or any covered organization, or their funds, property, receivables or revenues, any order, judgment, lien, set-off or counterclaim relating to any contract, debt or obligation, direct or […]
85.20 – Demand for Payment.
§ 85.20 Demand for payment. a. In any case where a demand for payment is required as a condition precedent to the doing of any act or the commencement of any action or special proceeding pursuant to section 85.10 of this title, the demand shall comply with the provisions of this section. b. The demand […]
85.30 – Petition of Municipality; Temporary Stay of Claims.
§ 85.30 Petition of municipality; temporary stay of claims. A voluntary petition may be filed pursuant to this section by any municipality or, in the event a municipality refuses to file such petition after request by its emergency financial control board, or fails to do so within five days thereafter, the board may file a […]
85.40 – Repayment Plan for Municipality; Court Approval; Continuation of Stay.
§ 85.40 Repayment plan for municipality; court approval; continuation of stay. Upon the filing of a petition pursuant to section 85.30 of this title, a repayment plan may be filed by the municipality or, in the event the municipality refuses to file such a plan after request by its emergency financial control board or, after […]
70.00 – Fiscal Agent.
§ 70.00 Fiscal agent. a. The term “fiscal agent” as used in this title shall mean: 1. In counties, the chief fiscal officer thereof, unless the finance board shall designate a different officer. 2. In cities, the chief fiscal officer thereof. 3. In towns and villages, the clerk thereof. 4. In school districts and district […]
71.00 – Conversion of Coupon Bonds Into Registered Bonds.
§ 71.00 Conversion of coupon bonds into registered bonds. a. If a coupon bond so provides, the holder thereof may present such bond to the registration agent with a written request for its conversion into a registered bond. The registration agent shall thereupon cut off and destroy the coupons and endorse a certificate of such […]
72.00 – Reconversion of Coupon Bonds Which Have Been Converted Into Registered Bonds.
§ 72.00 Reconversion of coupon bonds which have been converted into registered bonds. a. If a coupon bond issued prior or subsequent to the effective date of this chapter has been converted into a registered bond, the registered holder, or his legal representatives, successors, or transferees, may request the registration agent to notify him of […]