No public utility shall apply the proceeds of any stock, bonds or notes to any other purpose than those specified in the order of the commission authorizing the issue of the same.
N.H. Rev. Stat. Ann. § 369:11
Application of Proceeds
Source. 1911, 164:14. 1913, 145:14. 1917, 76:6
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.