North Carolina Statutes
§ 142-16 — Governor and Council of State may borrow on note
North Carolina § 142-16
JurisdictionNorth Carolina
Ch. 142State Debt
Art. 2Borrowing Money in Emergencies and in Anticipation of Collection of Taxes
This text of North Carolina § 142-16 (Governor and Council of State may borrow on note) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.C. Gen. Stat. § 142-16 (2026).
Text
The Governor and Council of State may authorize and empower the State Treasurer in the intervals between sessions of the General Assembly, to borrow money on short term notes to meet any emergency arising from the destruction of the State's property, whether used by department or institution, or from some unforeseen calamity not amounting to its destruction. (1927, c. 49, s. 1.)
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Nearby Sections
15
§ 142-1
How bonds executed; interest coupons attached; where payable; not to be sold at less than par§ 142-100
Purpose§ 142-11
When bonds deemed duly executed§ 142-12
State bonds exempt from taxation§ 142-14
Issuance of temporary bonds§ 142-15.15
Findings§ 142-15.16
Definitions§ 142-15.3
Capital appreciation bondsCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 142-16, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/142/142-16.