Section 35-A:13 – General Fund.
35-A:13 General Fund. – I. The bank shall establish and maintain a fund called the "general fund" which shall consist of and in which there shall be deposited (1) fees received or charges made by the bank for use of its services or facilities, (2) any moneys which the bank shall transfer thereto from […]
Section 35-A:14 – Additional Accounts.
35-A:14 Additional Accounts. – The bank may establish such additional and further reserves or 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 […]
Section 35-A:15 – Action Upon Default.
35-A:15 Action Upon Default. – I. In the event that the bank shall default in the payment of principal of or interest on any issue of notes or bonds after the same shall become due, whether at maturity or upon call for redemption, and such default shall continue for a period of 30 days, […]
Section 35-A:16 – Directors and Agents Not Liable.
35-A:16 Directors and Agents Not Liable. – Neither the members of the bank nor any person executing bonds or notes issued pursuant to this chapter shall be liable personally on such bonds or notes by reason of the issuance thereof. Source. 1977, 491:1, eff. July 1, 1977.
Section 35-A:17 – Bank Empowered.
35-A:17 Bank Empowered. – The bank shall have power to purchase bonds or notes of the bank out of any funds or money of the bank available therefor. The bank may hold, cancel or resell such bonds or notes subject to and in accordance with agreements with holders of its bonds or notes. Source. […]
Section 35-A:7 – Prohibited Acts.
35-A:7 Prohibited Acts. – Nothing contained in this chapter shall be construed to authorize or to empower the bank: I. To make loans of money to any person, firm or corporation other than a governmental unit, or to purchase securities issued by any person, firm or corporation other than a governmental unit or for […]
Section 35-A:1 – Declaration of Purpose.
35-A:1 Declaration of Purpose. – It is hereby declared to be in the public interest and to be the policy of the state to foster and promote by all reasonable means the provision of adequate markets and facilities for borrowing money by governmental units, as defined herein, for the financing of their public improvements […]
Section 35-A:2 – Citation.
35-A:2 Citation. – This chapter shall be known as, and may be cited as, the New Hampshire municipal bond bank law. Source. 1977, 491:1, eff. July 1, 1977.
Section 35-A:3 – Definitions.
35-A:3 Definitions. – The following words or terms as used in this chapter shall have the following meanings unless a different meaning clearly appears from the context: I. "Chapter" means this New Hampshire municipal bond bank law. II. "Bank" means the New Hampshire municipal bond bank created and established by RSA 35-A:4. III. "Bonds" […]
Section 35-A:4 – New Hampshire Municipal Bond Bank Established.
35-A:4 New Hampshire Municipal Bond Bank Established. – I. There is hereby established a public body corporate and politic having a distinct legal existence separate from the state and not constituting a department or agency of the state government to be known as the New Hampshire municipal bond bank. The bank is hereby constituted […]