§ 4624. Tax exemption
§ 4624. Tax exemption All property of the Bank is public property devoted to an essential public and governmental function and purpose and is exempt from all taxes and special assessments of the State or any subdivision thereof. All bonds or notes issued under this chapter are issued by a body corporate and public of […]
§ 4621. Form of obligation; faith and credit
§ 4621. Form of obligation; faith and credit (a) Bonds and notes issued under this chapter are not in any way a debt or liability of the State and do not create or constitute any indebtedness, liability or obligation of the State nor are they or do they constitute a pledge of the faith and […]
§ 4622. Negotiability of bonds or notes
§ 4622. Negotiability of bonds or notes Whether or not the notes and bonds are of such form and character as to be negotiable instruments under the terms of the Uniform Commercial Code 9A V.S.A. § 1-101 et seq., the notes and bonds are hereby made negotiable instruments within the meaning of and for all […]
§ 4623. Bonds or notes as legal investment
§ 4623. Bonds or notes as legal investment Notwithstanding any other law, the State and all public officers, governmental units, and agencies thereof, all 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, all insurance companies, insurance associations, and […]