North Carolina Statutes
§ 117-23 — Purchase and cancellation of bonds
A corporation shall have power out of any funds available therefor to purchase any bonds issued by it at a price not exceeding the principal amount thereof and accrued interest thereon. All bonds so purchased shall be canceled. (1935, c. 291, s. 18.)
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Nearby Sections
15
§ 117-10
Formation authorized§ 117-10.1
Municipal franchises§ 117-10.2
Restriction on municipal service§ 117-14
Powers of board§ 117-15
Certificates of membership§ 117-16.1
Discrimination prohibited§ 117-17
General grant of powers§ 117-18
Specific grant of powers§ 117-18.1
Subsidiary business activities§ 117-19
Taxes and assessments