Vermont § 4643 - Form of issuance

§ 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 that 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 (c) [Repealed.] (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 1983. No. 12, § 4, eff. March 29, 1983; 2015, No. 29, § 15.)