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Session Laws, 1981
Volume 741, Page 2035   View pdf image
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HARRY HUGHES, Governor

2035

(14) (12) ACQUIRE, SUBSCRIBE FOR, OWN, HOLD,
SELL, ASSIGN, TRANSFER, MORTGAGE, PLEDGE OR OTHERWISE
DISPOSE OF THE STOCKS, SHARES, BONDS, DEBENTURES, NOTES OR
OTHER SECURITY OR EVIDENCE OF INTEREST IN OR INDEBTEDNESS OF
ANY PERSON, AND WHILE THE OWNER OR HOLDER THEREOF TO
EXERCISE ALL THE RIGHTS, POWERS, AND PRIVILEGES OF OWNERSHIP
INCLUDING THE RIGHT TO VOTE THEREON;

(15) (13) PURCHASE, ACQUIRE, OR TAKE ASSIGNMENTS
OF A NOTE, MORTGAGE, OR OTHER FORM OF SECURITY OR EVIDENCE
OF INDEBTEDNESS AND TO PURCHASE, ACQUIRE, ATTACH, SEIZE,
ACCEPT, OR TAKE TITLE TO ANY ENERGY PROJECT BY CONVEYANCE,
OR WHEN A MORTGAGE THEREON IS IN DEFAULT BY FORECLOSURE,
DEED IN LIEU OF FORECLOSURE, OR BANKRUPTCY SALE; AND TO
SELL, LEASE OR RENT AN ENERGY PROJECT SO ACQUIRED FOR ANY
USE;

(16) (14) BORROW MONEY AND ISSUE BONDS FOR THE
PURPOSE OF PAYING ALL OR ANY PART OF THE COST OF ANY ONE OR
MORE ENERGY PROJECTS OR FOR ANY OTHER CORPORATE PURPOSE OF
THE AUTHORITY ADMINISTRATION; TO SECURE THE PAYMENT OF THIS
BORROWING OR ANY PART OF IT BY PLEDGE OF ALL OR ANY PART OF
ITS REVENUES, MORTGAGES, OR DEEDS OF TRUST ON ALL OR ANY
PART OF ITS PROPERTIES; TO COMBINE PROJECTS FOR FINANCING OR
OPERATING PURPOSES; TO MAKE AGREEMENTS WITH OR FOR THE
BENEFIT OF THE PURCHASERS OR HOLDERS OF BONDS OR WITH OTHERS
IN CONNECTION WITH THE ISSUANCE OF THE BONDS, WHETHER ISSUED
OR TO BE ISSUED, AS THE AUTHORITY ADMINISTRATION MAY
CONSIDER ADVISABLE AND, IN GENERAL, TO PROVIDE FOR THE
SECURITY OF THE BONDS AND THE RIGHTS OF THE HOLDERS OF THE
BONDS;

(17) (15) ADMINISTER FINANCIAL ASSISTANCE
PROGRAMS FOR ENERGY PROJECTS FUNDED BY THE ISSUANCE OF STATE
GENERAL OBLIGATION BONDS, AS MAY BE AUTHORIZED FROM TIME TO
TIME BY THE GENERAL ASSEMBLY;

(18) (16) IMPOSE REASONABLE FEES FOR ITS
SERVICES TO APPLY TOWARD ITS ADMINISTRATIVE COSTS IN
PROVIDING THE SERVICES;

(19) ADMINISTER AND EXPEND GENERAL FUNDS
PROVIDED TO IT IN ANY BUDGET OR SUPPLEMENTAL BUDGET, OR BY
ACTION BY THE BOARD OF PUBLIC WORKS. AFTER JULY 1, 1986,
THE AUTHORITY SHALL OPERATE WITHOUT ANY ADDITIONAL GENERAL
FUND APPROPRIATIONS;

(20) (17) OBTAIN INSURANCE FOR ANY ENERGY
PROJECT;

(21) (18) ENTER INTO LOAN MODIFICATION
AGREEMENTS, IF NOT INCONSISTENT WITH BOND INDENTURES; AND

(22) (19) COLLECT AND ANALYZE TECHNICAL DATA.

13-106. 522.

 

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Session Laws, 1981
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