§ 5268 - Form of issuance - Vermont Statutes

§ 5268. Form of issuance

(a) Bonds or notes of the authority shall be authorized by resolution of the authority and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates of interest per annum or within such maximum rate, be in such denomination or denominations, be issued in coupon form payable to bearer, in registered form or in book entry form, carry such conversion or registration privileges, have such rank or priority, be executed in such manner, be payable from such sources in such medium of payment at such place or places within or without the state, and be subject to such terms of redemption, with or without premium, as the resolution provides.

(b) The state treasurer may, at the direction of the authority, act as transfer agent or registrar for the exchange or transfer of registered bonds and notes or maintain records so that bonds and notes in book entry may be effected and the authority may contract with or otherwise designate a bank, trust company or other person to maintain records so that bonds and notes in book entry form may be effected. The state treasurer or other designated person may effect conversion between book entry bonds and notes and registered bonds and notes for owners of bonds or notes who request such a change. The state treasurer or other designated transfer agent or registrar shall issue a confirmation of the transaction in the form of a written advice.

(c) The books of registry held by the state treasurer or other designated register shall be confidential and the information contained therein shall not be available to the public. (Added 1999, No. 121 (Adj. Sess.), § 1.)