New Hampshire § 228:79 Authorization

New Hampshire Statutes

§ 228:79 — Authorization

New Hampshire § 228:79

Title XXTRANSPORTATION

Ch. 228ADMINISTRATION OF TRANSPORTATION LAWS

SubdivisionStocks and Other Securities of Common Carriers by Rail

This text of New Hampshire § 228:79 (Authorization) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 228:79 (2026).

Text

The department, after such hearing or investigation as it may deem proper, shall determine the actual or probable cost incurred or to be incurred; and, if in its judgment the issue of such securities upon the terms proposed is consistent with the public good, it shall authorize the same to an amount sufficient, at the price fixed in accordance with the laws applicable thereto, to provide funds for defraying the cost as so determined.

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The department, after such hearing or investigation as it may deem proper, shall determine the actual or probable cost incurred or to be incurred; and, if in its judgment the issue of such securities upon the terms proposed is consistent with the public good, it shall authorize the same to an amount sufficient, at the price fixed in accordance with the laws applicable thereto, to provide funds for defraying the cost as so determined.