The Authority shall have the power and is hereby 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
revenue 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
solely from the revenues of the Authority, subject only to any
contractual rights of the holders of any of its notes or other
obligations then outstanding.
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