North Carolina § 157-57 Obligations issued for projects made legal investments; security for public deposits

North Carolina Statutes

§ 157-57 — Obligations issued for projects made legal investments; security for public deposits

North Carolina § 157-57

Ch. 157Housing Authorities and Projects

Art. 4National Defense Housing Projects

This text of North Carolina § 157-57 (Obligations issued for projects made legal investments; security for public deposits) 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. § 157-57 (2026).

Text

Bonds or other obligations issued by a housing authority for a project developed or administered pursuant to this Article shall be security for public deposits and legal investments to the same extent and for the same persons, institutions, associations, corporations, bodies and officers as bonds or other obligations issued pursuant to Article 1 of this Chapter for the development of a slum clearance or housing project for persons of low income. (1941, c. 63, s. 5.)

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Bonds or other obligations issued by a housing authority for a project developed or administered pursuant to this Article shall be security for public deposits and legal investments to the same extent and for the same persons, institutions, associations, corporations, bodies and officers as bonds or other obligations issued pursuant to Article 1 of this Chapter for the development of a slum clearance or housing project for persons of low income. (1941, c. 63, s. 5.)