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The Laws of New York
Unconsolidated Laws of New York
CHAPTER ROOT
City of Troy Issuance of Serial Bonds
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SECTION 1-B
Legislative declaration of financial emergency
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City of Troy Issuance of Serial Bonds
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SECTION 1-D
Power of city of Troy or covered organization to determine the expenditure of available funds
This entry was published on 2014-09-22
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SECTION 1-C
General rights and prohibitions
City of Troy Issuance of Serial Bonds (TRY) CHAPTER ROOT
§ 1-c. General rights and prohibitions. (a) Neither the city of Troy
nor any covered organization shall borrow or expend any moneys, or in
any way, directly or indirectly, expressly or implicitly engage its
credit during any emergency period except in compliance with the
provisions of this act.

(b) Nothing contained in this act shall limit the right of the city of
Troy or any covered organization to comply with the provisions of any
existing contract with or for the benefit of the holders of any bonds or
notes of the city of Troy or such covered organization.