State Codes and Statutes
Statutes > Vermont > Title-24 > Chapter-119 > 4643
§ 4643. Form of issuance
(a) Bonds or notes of the bank shall be authorized by resolution of the bank and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates of interest per annum or within such maximum rate, be in such denomination or denominations, be issued in coupon form payable to bearer, in registered form or in book entry form, carry such conversion or registration privileges, have such rank or priority, be executed in such manner, be payable from such sources in such medium of payment at such place or places within or without the state, and be subject to such terms of redemption, with or without premium, as the resolution provides.
(b) The state treasurer may, at the direction of the bank, act as transfer agent or registrar for the exchange or transfer of registered bonds and notes or maintain records so that bonds and notes in book entry form may be effected and the bank may contract with or otherwise designate a bank, trust company or other person to maintain records so that bonds and notes in book entry form may be effected. Such bank, trust company or other person, which may include the federal government or any of its agencies or instrumentalities or any officer, agency or instrumentality of the state, may be located or have its principal office inside or outside the state. Bonds and notes in book entry form shall be effected by means of entries on the records of the state treasurer or other designated person which shall reflect the description of the issue, the principal amount, the interest rate, the maturity date and the owner of the bonds or notes and such other information as is deemed appropriate. The state treasurer or other designated person may effect conversion between book entry bonds and notes and registered bonds and notes for owners of bonds or notes who request such a change. The state treasurer or other designated transfer agent or registrar shall issue a confirmation of the transaction in the form of a written advice.
(c) The books of registry held by the state treasurer or other designated register shall be confidential and the information contained therein shall not be available to the public. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 1983. No. 12, § 4, eff. March 29, 1983.)
