New Hampshire Statutes
§ 49-C:24 — Borrowing Procedure
New Hampshire·Title III TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES·Ch. 49-C LOCAL OPTION-CITY CHARTERS·Subdivision Finance
Subject to the applicable provisions of state law and the rules and regulations provided by ordinance in the administrative code, the elected body, by resolution, may authorize the borrowing of money for any purpose within the scope of the powers vested in the city and the issuance by the city of other evidence of indebtedness therefor, and may pledge the full faith, credit, and resources of the city for the payment of the obligation created by such borrowing. Borrowing for a term exceeding one year shall be authorized by the elected body only after a duly advertised public hearing.
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New Hampshire § 49-C:24 (Borrowing Procedure) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1991, 304:11, eff. Aug. 23, 1991.
Nearby Sections
15
§ 49-C:1
Purpose§ 49-C:10
Vacancies§ 49-C:11
Compensation§ 49-C:12
Meetings§ 49-C:14
Ordinances§ 49-C:15
General Powers§ 49-C:18
Appointive Powers§ 49-C:19
Non-Interference by the Elected Body§ 49-C:2
Incorporation§ 49-C:20
Appointive Officers§ 49-C:21
Departments; Administrative Code§ 49-C:22
Fiscal Year