RSA 35-A:9 Terms of Agreement with Holders of Securities.

Title: III - TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES Chapter: 35-A - NEW HAMPSHIRE MUNICIPAL BOND BANK

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 such bonds or notes and in addition to its other powers, shall have power by provisions therein which shall constitute covenants by the bank and contracts with the holders of such bonds or notes;
I. To pledge to any payment or purpose all or any part of its revenues to which its right then exists or may thereafter come into existence, and the moneys derived therefrom, and the proceeds of any bonds or notes;
II. To covenant against pledging all or any part of its revenues, or against permitting or suffering any lien on such revenues or its property;
III. To covenant as to the use and disposition of any and all payments of principal

Log in to read the full statute text and search all NH RSAs.

Read Full Statute