New Hampshire Statutes

§ 31:12 — Amount; Debt Limit

New Hampshire·Title III TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES·Ch. 31 POWERS AND DUTIES OF TOWNS·Subdivision Emergency Borrowing
Loans so effected shall not exceed the amount of the funds so lost or unavailable; and the proceeds thereof shall be held in lieu of such funds and applied to the same uses. The loans shall not be included in determining the authorized borrowing capacity of the municipality.

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Legislative History

1925, 1:1. PL 42:12. RL 51:12.

Nearby Sections

15
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