N.Y. Private Housing Finance Law § 110: Income debentures

§ 110. Income debentures. With the approval of the supervising agency,

the certificate creating a redevelopment company, or an amended

certificate, may authorize the issuance of income debenture certificates

bearing no greater interest than six per centum per annum. Such income

debenture certificates and any instrument under which they are issued

may contain such other provisions, including provision for amortization

by serial maturities, through the operation of a sinking fund or

otherwise, as may be approved by the supervising agency.