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This entry was published on 2014-09-22
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SECTION 58
Repurchase of bonds
Transportation (TRA) CHAPTER 61-A, ARTICLE 2-D
§ 58. Repurchase of bonds. The Utica transit authority shall have
power to purchase any bonds issued by it for the purpose of retirement
or investment. The Utica transit authority shall not purchase such
bonds at a price in excess of the face value thereof plus a premium of
four per cent. All bonds purchased for the purpose of retirement shall
be cancelled.