§ 208. Consideration for issuance of stock, bonds or income debentures. No redevelopment corporation shall issue stock, bonds or income debentures, except for money or property actually received for the use and lawful purposes of the corporation or services actually performed for the corporation.
Consideration for issuance of stock, bonds or income debentures
N.Y. Private Housing Finance Law § 208, under Urban Redevelopment Corporations.
N.Y. Private Housing Finance Law § 208