§ 239:5 — Contracts Made by COAST

I. COAST may enter into contracts and agreements which it considers to be in the interests of its public purposes with any person or persons, with any public or quasi-public corporation with any state, and with the United States and any department or agency thereof. It may enter into agreements for the joint use of any property and rights by COAST and by any public utility operating any transportation facilities; agreements with any public utility operating any transportation facilities either within or without the service area for the joint use of any property of COAST or public utility, or the establishment of through routes, joint fares and transfer of passengers; and agreement with any person, or public corporation or quasi-public corporation for the maintenance, servicing, storage, operation or use of any transit facility, property or equipment on such basis as shall seem to COAST consonant with its public purposes.
II. COAST may make contracts, leases and agreements with any department or agency of the United States of America or of the state of New Hampshire, or with any person, municipality, county, or labor union, and may generally perform all acts necessary for the full exercise of the powers vested in it. COAST may acquire rolling stock or other property under conditional sales contracts, leases, equipment trust certificates, or any other form of contracts, leases, equipment, trust certificates, or any other form of contract or trust agreement. Contracts may be let by an officer, employee or agent of COAST in such manner as may be authorized from time to time by COAST.

Legislative History

1985, 185:1, eff. July 27, 1985.