North Carolina Statutes
§ 156-53 — Payment of bonds enforced
North Carolina·Ch. 156 Drainage·Art. 4 Rights and Liabilities in the Corporation·Subch. II DRAINAGE BY CORPORATION
Upon default of the payment of the interest or principal of such bonds, the holders of the bonds of the corporations organized under this Subchapter shall have a right to enforce the lien created by G.S. 156-52 by civil actions in the superior courts of the State.
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Legislative History
(1908, c. 75, s. 2; C.S., s. 5311.)
Nearby Sections
15
§ 156-1
Supplemental proceeding§ 156-10
Right to drain into canal§ 156-100
Sale of bonds§ 156-100.1
Sale of assessment anticipation notes§ 156-100.3
Sinking fund§ 156-101
Refunding bonds issued§ 156-102
Drainage bonds received as deposits§ 156-103
Assessment rolls prepared§ 156-104
Application of amendatory provisions of certain sections; amendment or reformation of proceedings§ 156-108
Receipt books prepared