Section 35-A:6 General Powers.
The bank shall be a public body corporate and politic and shall have perpetual succession and for carrying out the purposes of this chapter, shall have the following powers:
I. To sue and be sued;
II. To adopt and have an official seal and alter the same at pleasure;
III. To make and enforce bylaws, rules and regulations for the conduct of its affairs and business and for use of its services and facilities;
IV. To maintain an office at such place or places within the state as it may determine;
V. To acquire, hold, use and dispose of its income, revenues, funds, and moneys;
VI. To acquire, rent, lease, hold, use and dispose of other personal property for its purposes;
VII. To borrow money and to issue its negotiable bonds or notes and to provide for and secure the payment thereof and to provide for the rights of the holders thereof and to purchase, hold and dispose of any of its bonds or notes;
VIII. To fix and revise from time to time and charge and collect fees and charges for the use of its services or facilities;
IX. To accept gifts or grants of property, funds, money, materials, labor, supplies or services from the United States of America or the state or any other state or agencies or departments thereof, or from any governmental unit or any person, firm or corporation, and to carry out the terms or provisions or make agreements with respect to any such gifts or grants, and to do any and all things necessary, useful, desirable or convenient in connection with procuring, acceptance or disposition of such gifts or grants;
X. To do and perform any acts and things authorized by this chapter under, through or by means of its officers, agent or employees or by contracts with any person, firm or corporation;
XI. To make, enter into and enforce all contracts or agreements necessary, convenient or desirable for the purposes of the bank or pertaining to any loan to a governmental unit or any purchase or sale of municipal bonds or other investments or to the performance of its duties and execution or carrying out of any of its powers under this chapter;
XII. To purchase or hold municipal bonds at such prices and in such manner as the bank shall deem advisable and to sell municipal bonds acquired or held by it at such prices without relation to cost and in such manner as the bank shall deem advisable;
XIII. To invest any funds or moneys of the bank not then required for loan to governmental units and for the purchase of municipal bonds, in the same manner as permitted for investment of funds belonging to the state or held in the treasury, except as otherwise permitted or provided by this chapter;
XIV. To fix and prescribe any form of application or procedure to be required of a governmental unit for the purpose of any loan or the purchase of its municipal bonds, and to fix the terms and conditions of any such loan or purchase and to enter into agreements with governmental units with respect to any such loan or purchase;
XV. To do all acts and things necessary, convenient or desirable to carry out the powers expressly granted or necessarily implied in this chapter; and
XVI. To provide advice, technical information and to conduct research and promote financing of securities of governmental units.
Source. 1977, 491:1, eff. July 1, 1977.