New Hampshire Statutes
§ 38-A:11 — Bonds
New Hampshire § 38-A:11
JurisdictionNew Hampshire
Title IIITOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES
Ch. 38-AMUNICIPAL TRANSIT AUTHORITY
This text of New Hampshire § 38-A:11 (Bonds) 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. § 38-A:11 (2026).
Text
The revenue bonds of the authority shall, upon default in any payment of interest or principal, become a debt of the city or town in which the authority operates. Neither the members of the authority nor any person executing bonds on behalf of the authority shall be personally liable thereon by reason of the issuance thereof. Revenue bonds issued by the authority hereunder shall be authenticated and validated in accordance with the procedure set forth in RSA 33:11, and when validated the judgment of validation shall be final and conclusive with respect to such certificates and against the authority.
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Legislative History
1963, 278:1, eff. Sept. 1, 1963.
Nearby Sections
15
§ 38-A:1
Authority Granted§ 38-A:11
Bonds§ 38-A:12
Details§ 38-A:13
Obligations§ 38-A:14
Bonds as Legal Investments§ 38-A:15
Further Powers§ 38-A:16
Powers§ 38-A:17
Regulation of Fares by the Authority§ 38-A:18
Contracts Made by the Authority§ 38-A:19
Public Utilities Commission§ 38-A:2
Articles of Incorporation§ 38-A:20
Tax Exemption§ 38-A:3
ContentsCite This Page — Counsel Stack
Bluebook (online)
New Hampshire § 38-A:11, Counsel Stack Legal Research, https://law.counselstack.com/statute/nh/38-A/38-A%3A11.