§ 981 - Form of bonds or notes - Vermont Statutes

§ 981. Form of bonds or notes

Notwithstanding any general or special law to the contrary, the state may issue bonds or notes in coupon form payable to the bearer, in registered form without coupons, or in book entry form. Bonds or notes other than those in book entry form shall be signed by the manual or facsimile signature of the state treasurer or his or her deputy and countersigned by the manual or facsimile signature of the secretary of state or his or her deputy, and the interest coupons thereon, if any, shall bear the facsimile signature of the state treasurer. The seal of the state shall be affixed or imprinted on the bonds or notes. The date of issuance, place of payment, rate of interest (which may be fixed or variable) or manner of determining such rate of interest, original stated value, investment returns or manner of determining the same, maturity value, time of maturity, provisions with respect to redemption prior to maturity, at par or at a premium, sinking fund and reserve requirements, and other particulars as to the form of such bonds within the limitations mentioned herein, shall be determined by the state treasurer with the approval of the governor as he or she may deem for the best interest of the state. (Added 1983, No. 15, eff. March 29, 1983; amended 1989, No. 276 (Adj. Sess.), § 26, eff. June 20, 1990; 1993, No. 19, § 4, eff. May 11, 1993.)