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2017 New Hampshire Revised Statutes
Title XXXIV - PUBLIC UTILITIES
Chapter 369 - ISSUANCE OF STOCK AND OTHER SECURITIES; GENERAL PROVISIONS
Section 369:2 - Mortgages.
Universal Citation: NH Rev Stat § 369:2 (2017)
369:2 Mortgages. –
A public utility may, with the approval of the commission but not otherwise, mortgage its present and future property, tangible and intangible including franchises, to secure the payment of its bonds or notes, including any bonds or notes to be thereafter issued under the provisions of such mortgage; provided, however, that no such approval shall be required for any mortgage of property pursuant to after-acquired clauses of mortgages securing the payment of bonds or notes issued prior to September 1, 1951.
Source. 1913, 145:15. PL 241:31. RL 291:32. 1951, 203:45 par. 2, eff. Sept. 1, 1951.
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