Section 35-A:38 – Separability Clause.
35-A:38 Separability Clause. – If any section, subsection, paragraph, clause or provision of this chapter shall be adjudged unconstitutional or ineffective in whole or in part, to the extent that it is not adjudged unconstitutional or is not ineffective, it shall be valid and effective and no other section, subsection, paragraph, clause or provision […]
Section 35-A:39 – Exemption for Bank Rules.
35-A:39 Exemption for Bank Rules. – The bank shall be exempt from RSA 541-A and may issue rules in accordance with its own procedures. Source. 1977, 491:1, eff. July 1, 1977.
Section 35-A:40 – Public Utility Bonding.
35-A:40 Public Utility Bonding. – The bank shall have the authority to purchase, sell and hold public utility bonds subject to the terms pursuant to RSA 374-C. Such purchase and sale of public utility bonds shall be separate from the purchase and sale of municipal bonds under this chapter. All proceeds derived pursuant to […]
Section 35-A:41 – Educational Institution Bonding.
35-A:41 Educational Institution Bonding. – The bank shall have the authority to purchase, sell and hold educational institution bonds subject to the terms pursuant to RSA 195-F. Such purchase and sale of educational institution bonds shall be separate from the purchase and sale of municipal bonds under this chapter. All proceeds derived pursuant to […]
Section 35-A:42 – Collective Municipal Economic Development Projects; Agreements.
35-A:42 Collective Municipal Economic Development Projects; Agreements. – I. Any number of towns or cities may join collectively to exercise any rights available to a governmental unit under the provisions of this chapter, provided that such collective effort is limited to the raising of funds for economic development projects. For the purposes of this […]
Section 35-A:34 – Effectuation of Purposes.
35-A:34 Effectuation of Purposes. – In order to effectively carry out its purpose under this chapter of making loans to governmental units, by purchase of the municipal bonds of such governmental units, and by receipt of its income from service charges and from payments of interest on and the maturing principal of municipal bonds […]
Section 35-A:35 – Form of Investments.
35-A:35 Form of Investments. – All municipal bonds or other investments of moneys of the bank permitted or provided for under the chapter shall at all times be purchased and held in fully marketable form (subject to provision for any registration in the name of the bank). All municipal bonds at any time purchased, […]
Section 35-A:36 – Authorization Conclusively Approved.
35-A:36 Authorization Conclusively Approved. – After issuance, all bonds or notes of the bank shall be conclusively presumed to be fully authorized and issued by all the laws of this state, and any person or governmental unit shall be stopped from questioning their authorization, sale, issuance, execution or delivery by the bank. Source. 1977, […]
Section 35-A:37 – Liberal Construction.
35-A:37 Liberal Construction. – This chapter shall be construed liberally to effectuate the legislative intent and the purposes of the chapter as complete and independent authority for the performance of each and every act and thing herein authorized and all powers herein granted shall be broadly interpreted to effectuate such intent and purposes and […]
Section 35-A:28 – Undertakings of Financial Institutions.
35-A:28 Undertakings of Financial Institutions. – All banks, trust companies, savings banks, investment companies and other persons carrying on a banking business are hereby authorized to give to the bank a good and sufficient undertaking with such securities as shall be approved by the bank to the effect that such bank or banking institution […]