§ 153A-10 State has 100 counties
§ 153A-11 Corporate powers
§ 153A-12 Exercise of corporate power
§ 153A-13 Continuing contracts
§ 153A-14 Grants and loans from other governments
§ 153A-15 Consent of board of commissioners necessary in certain counties before land may be condemned or acquired by a unit of local government outside the county
§ 153A-15.1 Agreement to make payment in lieu of future ad valorem taxes required before wetlands acquisition by a unit of local government

Terms Used In North Carolina General Statutes > Chapter 153A > Article 2 - Corporate Powers

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.