Section 204-C:26 Bonds of Authority. - New Hampshire Statutes

The authority shall have the power, and is hereby authorized to issue its bonds and notes in such principal amount as the authority shall determine to be necessary to provide sufficient funds for achieving any of its corporate purposes, including the making and purchase of mortgage loans, and loans to lending institutions, the payment of interest on notes and bonds of the authority, establishment of reserves to secure such bonds and notes, including the reserve funds created pursuant to RSA 204-C:40, and all other expenditures of the authority incident to and necessary or convenient to carry out its corporate purposes and powers. Whether or not the bonds and notes are of such form and character as to be negotiable instruments under RSA 382-A:8, they shall be and are deemed to be, for all purposes, negotiable instruments within the meaning of and for all the purposes of RSA 382-A:8 subject only to the provisions of the bonds and notes for registration.

Source. 1981, 466:2. 1987, 120:2, eff. May 7, 1987.