New York Laws
Title 2 - Albany Light, Heat and Power Authority
1035 - Bonds of the Authority.

(a) pledge the revenues of the authority to secure the payment of such
bonds and agree to maintain adequate rates for such purposes;
(b) give to any such bonds a prior charge upon such revenues;
(c) require such revenues to be set aside for sinking funds and
reserve funds, safeguarding the deposit, use and investment thereof;
(d) limit or restrict the power of the authority under this title
insofar as the same may be deemed advisable to secure the payment of
such bonds;
(e) limit the power of the authority to issue additional obligations
or restrict such power by relation to the revenues of the authority and
with respect to the purposes thereof and the use of the proceeds or
otherwise;
(f) authorize the appointment of a trustee or receiver as provided in
section one thousand forty, limit the rights of bondholders to enforce
their bonds by independent action, and in the event of a receivership
require the return of all properties to the authority when the bonds are
paid or redeemed and all costs paid;
(g) contain any other provisions reasonably necessary or deemed
advisable to secure and provide for the payment of said bonds and the
rights and remedies of the holders thereof;
(h) provide for the form of such bonds, coupon, registered or
registerable coupon, and for ascertaining the owners or holders thereof
for any purpose under section one thousand forty or;
(i) provide for the amendment of any such resolution in any respect,
and the amount of bonds the holders of which must consent thereto or
whose objection thereto after published or written notice may prevent
such amendment.
* NB Terminated July 1, 1963