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The Laws of New York
Consolidated Laws of New York
CHAPTER 44-A
Public Housing
ARTICLE 3
Municipal Housing Authorities
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SECTION 44
Signature on authority bonds
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ARTICLE 3
Municipal Housing Authorities
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SECTION 46
Suit on authority bonds
This entry was published on 2014-09-22
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SECTION 45
Repurchase of authority bonds
Public Housing (PBG) CHAPTER 44-A, ARTICLE 3
§ 45. Repurchase of authority bonds. An authority shall have power to
purchase any bonds issued by it for the purpose of retirement or
investment. An authority shall not purchase such bonds at a price in
excess of the face value thereof plus a premium of four per centum. All
bonds purchased for the purpose of retirement shall be cancelled.