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RSA 228:76 · Authority to Issue Securities

Title: XX: TRANSPORTATION
Chapter: 228 · ADMINISTRATION OF TRANSPORTATION LAWS
Status: current
Official source linked: Yes

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228:76 Authority to Issue Securities. – A common carrier by rail lawfully engaged in business in this state may, with the approval of the department, but not otherwise, issue and sell its stock, bonds, notes and other evidences of indebtedness payable more than 12 months after the date thereof for lawful corporate purposes. The proposed issue and sale of securities shall be approved by the department when it finds that the same is consistent with the public good. Such approval shall extend to the amount of the issue authorized and the purpose or purposes to which the securities or the proceeds thereof are to be applied, and shall be subject to such reasonable terms and conditions as the department may find to be necessary in the public interest; provided, however, that the provisions of RSA 293-A shall be observed by corporations organized under the laws of this state in respect of the corporate authorization required and of other formalities to be observed. Source. 1985, 402:14.

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Source note

Source. 1985, 402:14.

Source history

1985, 402:14

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Bill relationships

2026 SB152 amend · effective 2025-07-01
tion of noise barrier projects. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Noise Barrier Construction Fund. Amend RSA 228 by inserting after section 228:12-a the following new section: 228:12-b Noise Barrier Construction Fund. I. Provided there are sufficient turnpike toll credits for the state match for the federal apportionment total
2026 SB152-FN amend
tion of noise barrier projects. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Noise Barrier Construction Fund. Amend RSA 228 by inserting after section 228:12-a the following new section: 228:12-b Noise Barrier Construction Fund. I. Provided there are sufficient turnpike toll credits for the state match for the federal apportionment total
2026 SB631 amend · effective 2026-07-01
tion of noise barrier projects. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Noise Barrier Construction Fund. Amend RSA 228 by inserting after section 228:12-a the following new section: 228:12-b Noise Barrier Construction Fund. I. Provided there are sufficient turnpike toll credits for the state match for the federal apportionment t
2026 SB631-FN amend · effective 2026-07-01
tion of noise barrier projects. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Noise Barrier Construction Fund. Amend RSA 228 by inserting after section 228:12-a the following new section: 228:12-b Noise Barrier Construction Fund. I. Provided there are sufficient turnpike toll credits for the state match for the federal apportionment t
2025 HB25 reference
nt head of the institutions and departments referred to herein; provided that all contracts and projects and plans and specifications therefor shall be awarded in accordance with the provisions of RSA 21-I and RSA 228. 159:4 Expenditures; Community College System of New Hampshire. I. The appropriations made for the community college system in paragraph II of section 1 and the sums available for this project shall be expende