ยง 110. Income debentures. With the approval of the supervising agency,
the certificate creating a redevelopment company, or an amended
certificate, may authorize the issuance of income debenture certificates
bearing no greater interest than six per centum per annum. Such income
debenture certificates and any instrument under which they are issued
may contain such other provisions, including provision for amortization
by serial maturities, through the operation of a sinking fund or
otherwise, as may be approved by the supervising agency.
Structure New York Laws
Article 5 - Redevelopment Companies
101 - Policy of State and Purpose of Act.
103 - Redevelopment Companies; How Created.
104 - Consent of Supervising Agency to Creation of Redevelopment Companies.
105 - Application of Other Corporation Laws.
105-A - Application of Other Laws.
106 - Powers of Redevelopment Companies.
107 - Limited Return on Investment.
108 - Consideration for Capital and Bonds.
109 - Minimum Amount of Capital and Debentures.
111 - Mortgages and Mortgage Bonds.
111-A - Participation by Certain Corporations and Individuals.
114 - Procedure for Submission and Approval of Plan or Project.
116 - Transfer of Real Property to Redevelopment Company.
120 - Regulation of Redevelopment Companies.
120-A - State Supervision and Regulation.
122 - Transfer of Title or Foreclosure of Project.
124 - Participation by Certain Corporations.
126 - Reduced Rentals for the Elderly.