35-A §2908. Bonds and notes of the bank
§2908. Bonds and notes of the bank 1. Issuance of bonds; purposes. The bank may, from time to time, issue its bonds in such principal amounts as it determines necessary to provide funds for any purposes authorized by this chapter, including: A. The making of loans; [PL 1987, c. 141, Pt. A, §6 […]
35-A §2909. Resolutions and indentures
§2909. Resolutions and indentures In any resolution of the bank authorizing or relating to the issuance of any bonds or notes, the bank, in order to secure the payment of the bonds or notes and in addition to its other powers, shall have power by provisions in the resolution which constitute covenants by the bank […]
35-A §2910. Intent of pledge
§2910. Intent of pledge Any pledge of revenue or other money made by the bank is valid and binding from time to time when the pledge is made. The revenue or other money pledged and received by the bank is immediately subject to the lien of the pledge without any physical delivery of the revenue […]
35-A §2911. Reserves and funds
§2911. Reserves and funds 1. Establishment. The bank may establish such reserves and such other funds or accounts as may be, in its discretion, necessary, desirable or convenient to further the accomplishment of the purposes of the bank or to comply with the provisions of any agreement made by or any resolution of the bank. […]
35-A §2912. Personal liability
§2912. Personal liability Neither the commissioners of the bank nor any person executing bonds or notes issued pursuant to this chapter is liable personally on the bonds or notes by reason of the issuance of the bonds or notes. [PL 1987, c. 141, Pt. A, §6 (NEW).] SECTION HISTORY PL 1987, c. 141, §A6 […]
35-A §2913. Purchase of bonds and notes of bank
§2913. Purchase of bonds and notes of bank The bank may purchase bonds or notes of the bank out of any funds or money of the bank available for that purpose. The bank may hold, cancel or resell the bonds or notes subject to and in accordance with agreements with holders of its bonds or […]
35-A §2914. Bonds as legal investments and security
§2914. Bonds as legal investments and security Notwithstanding any restrictions contained in any other law, the State and all public officers, governmental units and agencies; all national banking associations, state banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking business; […]
35-A §2707. Civil liability for damages to utility property
§2707. Civil liability for damages to utility property A person may not intentionally, knowingly or recklessly damage, destroy or tamper with property of a utility having no reasonable grounds to believe that the person has a right to do so if such conduct creates a risk of interruption or impairment of services rendered to the […]
35-A §2516. Permits for moving buildings, cutting wires, removing poles; expenses; damages
§2516. Permits for moving buildings, cutting wires, removing poles; expenses; damages The following provisions apply to permits for moving buildings, cutting wires and removing poles. [PL 1987, c. 141, Pt. A, §6 (NEW).] 1. Permit required to cut wires and remove poles. A person may not cut, disconnect or remove the wires or poles […]
35-A §2708. Civil liability for utility property wrongfully obtained
§2708. Civil liability for utility property wrongfully obtained A person may not obtain or exercise unauthorized control over the property of a utility with intent to deprive the utility of the property. A person who violates this section is liable in a civil action to the utility owning the property affected for: [PL 2007, […]