§ 159-120 Definitions
§ 159-121 Coupon or registered bonds to be issued
§ 159-122 Maturities of bonds
§ 159-123 Sale of bonds by sealed bids; private sales
§ 159-124 Date of sale; notice of sale and blank proposal
§ 159-125 Bid instructions; bid deposit
§ 159-126 Rejection of bids
§ 159-127 Award of bonds
§ 159-128 Makeup and formal execution of bonds; temporary bonds
§ 159-129 Obligations of units certified by Commission
§ 159-130 Record of issues kept
§ 159-131 Contract for services to be approved by Commission
§ 159-132 State Treasurer to deliver bonds and remit proceeds
§ 159-133 Suit to enforce contract of sale
§ 159-134 Fiscal agents
§ 159-135 Application of proceeds
§ 159-136 Issuing unit to make and report debt service payments
§ 159-137 Lost, stolen, defaced, or destroyed bonds or notes
§ 159-138 Cancellation of bonds and notes
§ 159-139 Destruction of cancelled bonds, notes, and coupons
§ 159-140 Bonds or notes eligible for investment
§ 159-141 Terms and conditions of sale

Terms Used In North Carolina General Statutes > Chapter 159 > Article 7 - Issuance and Sale of Bonds

  • Clerk: means an officer or employee of a local government or public authority charged by law or direction of the governing board with the duty of keeping the minutes of board meetings and conserving records evidencing official actions of the board. See North Carolina General Statutes 159-1
  • Commission: means the Local Government Commission. See North Carolina General Statutes 159-1
  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • seal: shall be construed to include an impression of such official seal, made upon the paper alone, as well as an impression made by means of a wafer or of wax affixed thereto. See North Carolina General Statutes 12-3
  • Secretary: means the secretary of the Local Government Commission. See North Carolina General Statutes 159-1
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
  • Trustee: A person or institution holding and administering property in trust.
  • United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3