New York Laws
Title 18 - Tarrytown Parking Authority
1600-J - Notes of the Authority.

* § 1600-j. Notes of the authority. The authority shall have power
from time to time to issue notes and from time to time to issue renewal
notes (herein referred to as notes) for any purpose or purposes for
which bonds may be issued, whenever the authority shall determine that
payment thereof can be made in full from any moneys or revenues which
the authority expects to receive from any source. The authority may
pledge such moneys or revenues or source thereof (subject to any other
pledge thereof) for the payment of the notes and may in addition secure
the notes in the same manner and with the same effect as herein provided
for bonds. The notes shall be sold and issued in the same manner as
bonds. The authority shall have power to make contracts for the future
sale from time to time of the notes, by which the purchaser shall be
committed to purchase the notes from time to time on terms and
conditions stated in such contracts, and the authority shall have power
to pay such consideration as it shall deem proper for such commitments.
In case of default on its notes, or violation of any of the obligations
of the authority to the noteholders, the noteholders shall have all the
remedies provided herein for bondholders. Such notes shall be as fully
negotiable as the bonds of the authority.

* NB Ceased to exist December 31, 1999