9.__Investment of funds; redemption of bonds.__The authority may:

A.__Invest, in property or securities in which savings banks may legally invest funds subject to their control, funds held in reserves, sinking funds or funds not required for immediate disbursement; and

B.__Cancel its bonds by redeeming them at the redemption price established in the bonds or by purchasing them at less than redemption price.

§13083-O.__Interest of public officials, trustees or employees

1.__Acquisition of interest.__A public official, trustee or employee of the authority may not acquire or hold a direct or an indirect financial or personal interest in:

A.__An authority activity;

B.__Property included or planned to be included in the base area; or

C.__ A contract or proposed contract in connection with an authority activity.

When an acquisition is involuntary, the interest acquired must be disclosed immediately in writing to the board of trustees of the authority, and the disclosure must be entered in the board's minutes.

2.__Present or past interest in property.__If a public official, trustee or employee of the authority presently owns or controls, or owned or controlled within the preceding 2 years, a direct or an indirect interest in property known to be included or planned to be included in an authority activity, that public official, trustee or employee must disclose this fact immediately in writing to the authority and the disclosure must be entered in the authority's minutes.