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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
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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.