New Hampshire § 237-39 - Section 237:39 Sale of Bonds or Notes.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 237-39 — Section 237:39 Sale of Bonds or Notes., with citation guidance and answers to common questions.
§ 237-39. Section 237:39 Sale of Bonds or Notes.
I. All bonds or notes (except short term loans) issued under the provisions of this subdivision shall be sold (1) at public sealed bidding (2) only after an advertisement calling for bids has been published at least once in each of 2 successive calendar weeks in a newspaper of general circulation in New Hampshire and in a financial publication of national circulation, the first publication being not less than 15 days prior to the day the bids will be received, and (3) to the highest bidder. The governor and council may reject any or all bids, or negotiate with the highest responsible bidder. II. The proceeds from the sale of such bonds shall be held by the treasurer and paid out by him upon warrants drawn by the governor for the purposes of this subdivision alone, and the governor, with the advice and consent of the council, shall draw his warrant for the payment from the funds provided by this subdivision of all sums expended or due for the purposes herein authorized, provided, however, that such expenditure or commitments shall not exceed the sum of $15,000,000 prior to July 1, 1955. All interest from such bonds shall be exempt from taxation within the state of New Hampshire.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 237-39
What does New Hampshire Revised Statutes Annotated § 237-39 cover?
Section 237-39 ("Section 237:39 Sale of Bonds or Notes.") is part of the New Hampshire Revised Statutes Annotated, the codified statutory law of New Hampshire. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Hampshire § 237-39?
A common citation format is "New Hampshire Revised Statutes Annotated § 237-39" (New Hampshire). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Hampshire law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Hampshire official source linked on this page or consult a licensed New Hampshire attorney.
How does New Hampshire § 237-39 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Hampshire can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Hampshire.