Statute · New York Transportation Law
N.Y. Transp. Law § 58 — Repurchase of bonds
N.Y. Transp. Law § 58
- Type
- Statute
- Source
- New York Transportation Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Transp. Law § 58 — Repurchase of bonds is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.