Ny Consolidated Laws, regional Finance Law – LFN § 169.00 Installment loans and responsibilities evidencing installment loans

Ny Consolidated Laws, regional Finance Law – LFN § 169.00 Installment loans and responsibilities evidencing installment loans

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a. Notwithstanding the conditions of every other legislation, basic, unique or regional, inconsistent with this specific area, regarding the energy of municipalities to come into agreements also to contract indebtedness, the finance board of any municipality attempting to sell bonds or records at private purchase towards the ny state ecological facilities business so that you can get economic support pursuant to part twelve hundred eighty-five-j or twelve hundred eighty-five-m for the general public authorities legislation is hereby authorized and empowered to contract with such business to get every once in awhile advances of that loan as much as a stated optimum principal amount and also to issue to such organization, so that you can evidence the obligation of these municipality to settle such advances, its bonds or records into the type as well as in the way supplied by this area. Any bond that is such note may possibly provide that the municipality issuing such bond or note shall pay to such organization or its assigns the stated optimum principal amount or, if less, the aggregate principal amount for the improvements associated with matching loan meant to such municipality by the company. The main quantities of improvements together with timing and types of the re re payment and payment of these improvements in addition to rate of interest relevant to such improvements can be given to when you look at the associated contract or loan contract or perhaps in every obligations evidencing loan that is such. Fortsett å lese «Ny Consolidated Laws, regional Finance Law – LFN § 169.00 Installment loans and responsibilities evidencing installment loans»