ยง 58. Repurchase of bonds. The Utica transit authority shall have
power to purchase any bonds issued by it for the purpose of retirement
or investment. The Utica transit authority shall not purchase such
bonds at a price in excess of the face value thereof plus a premium of
four per cent. All bonds purchased for the purpose of retirement shall
be cancelled.
Structure New York Laws
Article 2-D - Utica Transit Authority
44 - Officers and Employees; Compensation and Expenses.
46 - Non-Liability of Authority Members.
47 - Disqualification of Members and Employees.
48 - Not Within Jurisdiction of Public Service Commission.
49 - Plans for Proposed Municipal Projects; Statement of Project Costs.
50 - Statewide Transportation Planning.
51 - Comprehensive Regional Planning.
53 - Financial Assistance From and Cooperation With the State and Federal Governments.
61 - Bonds and Notes as Legal Investments.
62 - Remedies Against the Utica Transit Authority.
62-A - Actions Against Authority.
63 - Liability of State or Municipality.