North Carolina Statutes
§ 159-138 — Cancellation of bonds and notes
North Carolina·Ch. 159 Local Government Finance·Art. 7 Issuance and Sale of Bonds·Subch. IV LONG-TERM FINANCING
Each bond or note and coupon shall be cancelled when (i) it is paid, or (ii) it is acquired by the issuing unit in any manner other than purchase for investment. A full report of the cancellation of all bonds, notes, and coupons shall be made to the secretary on forms provided by the Commission. (1931, c. 60, s. 27; 1939, c. 356; 1971, c. 780, s. 1.)
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Nearby Sections
15
§ 159-1
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Authorization§ 159-101
Short title§ 159-102
Unit of local government defined§ 159-108
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