18A:72A-7 - Issuance of notes authorized - New Jersey Statutes

18A:72A-7.  Issuance of notes authorized    The authority is authorized from time to time to issue its negotiable notes  for any corporate purpose and renew from time to time any notes by the issuance  of new notes, whether the notes to be renewed have or have not matured.  The  authority may issue notes partly to renew notes or to discharge other  obligations then outstanding and partly for any other purpose.  The notes may  be authorized, sold, executed and delivered in the same manner as bonds.  Any  resolution or resolutions authorizing notes of the authority or any issue  thereof may contain any provisions which the authority is authorized to include  in any resolution or resolutions authorizing bonds of the authority or any  issue thereof, and the authority may include in any notes any terms, covenants  or conditions which it is authorized to include in any bonds.  All such notes  shall be payable from the revenues or other moneys of the authority, subject  only to any contractual rights of the holders of any of its notes or other  obligations then outstanding.
 
L.1967, c.271.