§ 4710. Surety for deposits by Bank
All banks, trust companies, savings banks, investment companies, and other persons carrying on a banking business are hereby authorized to give to the Bank a good and sufficient undertaking with such sureties as shall be approved by the Bank to the effect that the Bank or banking institution as hereinbefore described shall faithfully keep and pay over to the order of or upon the warrant of the Bank or its authorized agent all such funds as may be deposited with it by the Bank and agreed interest thereon under or by reason of this chapter, at such times or upon such demands as may be agreed with the Bank or in lieu of these sureties, deposit with the Bank or its authorized agent or any trustee therefor or for the holders of any bonds, as collateral, such securities as the Bank may approve. The deposits of the Bank may be evidenced by an agreement in such form and upon such terms and conditions as may be agreed upon by the Bank and the depository bank or banking institution. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)
Structure Vermont Statutes
Title 24 - Municipal and County Government
Chapter 119 - Municipal Bond Bank
§ 4554. Administration expenses
§ 4555. Duties of State Treasurer
§ 4556. Cooperation by government agencies; cost
§ 4573. Removal from office; oath
§ 4576. Compensation; expenses
§ 4596. Care and custody of bonds
§ 4621. Form of obligation; faith and credit
§ 4622. Negotiability of bonds or notes
§ 4623. Bonds or notes as legal investment
§ 4641. Loans to governmental units
§ 4642. Amount and purpose; general obligation
§ 4645. Administrative consent or conditions not required
§ 4646. Approval of Governor and Treasurer
§ 4647. Payment or refunding of notes
§ 4648. Terms of agreement with bond or noteholder
§ 4649. Purchase and disposition of own obligations
§ 4651. Exchange of coupon bonds
§ 4652. Waiver of defenses; rights of holder
§ 4653. Bond anticipation notes
§ 4654. Marketability; certification
§ 4655. Presumption of validity
§ 4672. Withdrawal or transfer
§ 4674. Relation to bond sales
§ 4680. Application of funds; excess
§ 4681. Revenue Bond Reserve Fund
§ 4682. Investment of Revenue Bond Reserve Fund
§ 4684. Revenue Fund operating expenses
§ 4685. Special accounts in Revenue Fund
§ 4701. Rights of holders paramount
§ 4703. Powers of trustee on default
§ 4704. Superior Court jurisdiction
§ 4707. Exemption from execution and sale
§ 4708. Pledge of revenues; lien thereof