§ 1958. Bonds of the authority. 1. The authority shall have the power
and is hereby authorized from time to time to issue its negotiable bonds
in conformity with applicable provisions of the uniform commercial code
for any of its corporate purposes without limitation as to amount. The
authority shall have power from time to time and whenever it deems
refunding expedient, to refund any bonds by the issuance of new bonds,
whether the bonds to be refunded have or have not matured, and may issue
bonds partly to refund bonds then outstanding and partly for any other
purpose hereinabove described. The refunding bonds may be exchanged for
the bonds to be refunded, with such cash adjustments as may be agreed,
or may be sold and the proceeds applied to the purchase or payment of
the bonds to be refunded. In computing the total amount of bonds of the
authority which may at any time be outstanding the amount of the
outstanding bonds to be refunded from the proceeds of the sale of new
bonds or by exchange of new bonds shall be excluded. Except as may
otherwise be expressly provided by the authority, the bonds of every
issue shall be general obligations of the authority payable out of any
moneys or revenues of the authority, subject only to any agreements with
the holders of particular bonds pledging any particular moneys or
revenues.

2. The bonds shall be authorized by resolution of the authority and
shall bear such date or dates, mature at such time or times, bear
interest at such rates, payable at such time or times, be in such
denominations, be in such form, either coupon or registered, carry such
registration privileges, be executed in such manner, be payable in
lawful money of the United States of America at such place or places and
be subject to such terms of redemption, as such resolution or
resolutions may provide. The bonds may be sold at public or private sale
for such price or prices as the authority shall determine.

3. Any resolution or resolutions authorizing any bonds or any issue of
bonds may contain provisions, which shall be a part of the contract with
the holders of the bonds thereby authorized, as to

(a) pledging all or any part of the revenues of a project or projects
to secure the payment of the bonds, subject to such agreements with
bondholders or the city as may then exist;

(b) the rentals, fees and other charges to be charged, and the amounts
to be raised in each year thereby, and the use and disposition of the
revenues;

(c) the setting aside of reserves or sinking funds, and the regulation
and disposition thereof;

(d) limitations on the right of the authority to restrict and regulate
the use of a project;

(e) limitations on the purpose to which the proceeds of sale of any
issue of bonds then or thereafter to be issued may be applied and
pledging such proceeds to secure the payment of the bonds or any issue
of the bonds;

(f) limitations on the issuance of additional bonds; the terms upon
which additional bonds may be issued and secured; the refunding of
outstanding or other bonds;

(g) the procedure, if any, by which the terms of any contract with
bondholders may be amended or abrogated, the amount of bonds the holders
of which must consent thereto, and the manner in which such consent may
be given;

(h) limitations on the amount of moneys derived from a project to be
expended for operating, administrative or other expenses of the
authority;

(i) vesting in a trustee or trustees such property, rights, powers and
duties in trust as the authority may determine which may include any or
all the rights, powers and duties of the trustees appointed by the
bondholders pursuant to section nineteen hundred sixty-five of this
title, and limiting or abrogating the right of the bondholders to
appoint a trustee under said section or limiting the rights, duties and
powers of trustee; and

(j) any other matters, of like or different character, which in any
way affect the security or protection of the bonds.