North Carolina Statutes
§ 159-74 — Test cases testing validity of funding or refunding bonds
North Carolina·Ch. 159 Local Government Finance·Art. 4 Local Government Bond Act·Subch. IV LONG-TERM FINANCING
At any time after the procedure for authorizing the issuance of funding or refunding bonds has been completed, but before the issuance of the bonds, the issuing unit may institute an action in the Superior Court Division of the General Court of Justice in the county in which all or any part of the unit lies, to determine the validity of the bonds and the validity of the means of payment provided therefor. The action shall be in rem, and shall be against all of the owners of taxable property within the unit and all citizens residing in the unit, but it shall not be necessary to name each such owner or citizen in the summons or complaint. Jurisdiction of all parties defendant shall be acquired by publication of a summons once a week for three successive weeks, and jurisdiction shall be compl
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Nearby Sections
15
§ 159-1
Short title and definitions§ 159-10
Budget requests§ 159-100
Authorization§ 159-101
Short title§ 159-102
Unit of local government defined§ 159-108
Agreements with property owners§ 159-109
Special covenants