121-17. Funds deposited with trustee.
The Governor as Director of the Budget shall have full authority and discretion to approve the acceptance of donations of cash or securities irrevocably deposited with a trustee in lieu of any requirement that funds provided by outside sources be turned over to the State, and funds or securities placed in trust by private donors for such purpose shall be deemed to be funds turned over to the State for acquisition and restoration of the Palace. (1945, c. 791, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 121 - Archives and History
Article 2 - Tryon's Palace and Tryon's Palace Commission.
§ 121-15 - Authority to acquire necessary property for restoration when certain funds available.
§ 121-16 - Acquiring lands by purchase or condemnation.