48 – Guaranteed Indebtedness of an Authority.
§ 48. Guaranteed indebtedness of an authority. An authority may contract indebtedness and authorize and issue bonds guaranteed by a municipality as to principal and interest, or only as to the interest.
49 – Authority Obligations as Legal Investments and Legal Security for Deposits by Public Officers.
§ 49. Authority obligations as legal investments and legal security for deposits by public officers. The state, its subdivisions, municipalities, and all other public bodies, and all public officers, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, saving and loan associations, investment companies and other persons carrying on a banking […]
36 – Disqualification of Members and Employees of Authorities.
§ 36. Disqualification of members and employees of authorities. No member or employee of an authority shall acquire any interest direct or indirect in a project or in any property then or thereafter included or planned to be included in a project, nor retain any interest direct or indirect in any property acquired subsequently to […]
37 – Powers of Authority.
§ 37. Powers of authority. 1. An authority shall have the following powers in addition to other powers granted in this chapter: (a) investigate into living conditions in the municipality and into the means of improving such conditions; (b) determine where insanitary or substandard housing conditions exist; (c) publish and disseminate information; (d) prepare or […]
38 – An Authority Shall File With the Commissioner a Copy of Each Proposed Project Embodying the Plans, Layout, Estimated Costs and Proposed Method of Fina
§ 38. An authority shall file with the commissioner a copy of each proposed project embodying the plans, layout, estimated costs and proposed method of financing. Any change made in the project shall be filed with the commissioner by the authority. With reasonable promptness after each project shall have been completed, and from time to […]
39 – Projects Financed Solely by Authorities.
§ 39. Projects financed solely by authorities. An authority may undertake projects with funds obtained solely from sale of its bonds to persons, firms or corporations other than governments, provided that the municipality approves such projects in the manner provided for approval of projects involving municipal aid.
40 – Aid From and Cooperation With Federal Government.
§ 40. Aid from and cooperation with federal government. An authority is empowered to include in agreements with the federal government provisions that such government shall have the right to supervise and approve the construction, maintenance and operation of any project to which such government may render any assistance, and subject to the restrictions contained […]
41 – Power to Issue Authority Bonds.
§ 41. Power to issue authority bonds. 1. An authority may from time to time for any of the purposes of this chapter borrow money and issue bonds in conformity with applicable provisions of the uniform commercial code in such amounts and upon such terms as it may deem advisable. Bonds for state projects and […]
42 – Provisions of Authority Bonds.
§ 42. Provisions of authority bonds. Bonds of an authority shall be authorized by its resolution and may be issued singly or in one or more series, and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, without limitation, be in such denomination or denominations, […]
44 – Signature on Authority Bonds.
§ 44. Signature on authority bonds. In case any of the members or officers of the authority whose signatures appear on any bonds or coupons shall cease to be such members or officers before the delivery of such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if they […]