CHAPTER 162-I BUSINESS FINANCE AUTHORITY REVENUE BONDS
Section 162-I:8
162-I:8 Bonds. –
I. Bonds authorized under this chapter may be issued:
(a) In one or more series of one or more denominations and bearing one or more rates of interest;
(b) In bearer form or registered form with or without privileges of conversion and reconversion from one form to the other;
(c) Payable in serial installments or as term bonds, and any series may consist of both types of bond, provided that all of the bonds of every series shall mature no later than 40 years after their dates; and
(d) Subject to redemption prior to maturity, with or without the payment of any redemption premium, in accordance with the provisions of the security document.
II. Bonds shall be executed in the manner provided in the resolution therefor and may be executed by one person designated by the board, provided that such execution may be by facsimile so long as the bond is signed by an authentication agent appointed by the authority. Any person so designated to execute a bond shall be a member of the board, or the executive director, senior credit officer, non-profit bonding and lending officer, or the chief financial officer of the authority.
III. Every bond shall bear a statement on its face that it does not constitute an indebtedness of the state or the authority except to the extent permitted by this chapter. Bonds may be sold at public or private sale. The price at which bonds are sold may be par or may be more or less than par, but the original purchaser thereof shall be obligated to pay accrued interest for the period, if any, from the date of the bonds to the date of delivery. All bonds issued under this chapter and interest coupons applicable thereto, if any, shall be deemed to be negotiable instruments and to be investment securities under RSA 382-A.
IV. No purchaser of bonds shall in any way be bound to see to the proper application of the proceeds thereof.
V. The signature of the state treasurer on an endorsement of a state guarantee of a bond may be manual or facsimile.