156-53. Payment of bonds enforced.
Upon default of the payment of the interest or principal of such bonds, the holders of the bonds of the corporations organized under this Subchapter shall have a right to enforce the lien created by G.S. 156-52 by civil actions in the superior courts of the State. (1908, c. 75, s. 2; C.S., s. 5311.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 4 - Rights and Liabilities in the Corporation.
§ 156-44 - Shares of stock annexed to land.
§ 156-45 - Shareholders to pay assessments.
§ 156-46 - Payment of dues entitles to use of canal.
§ 156-47 - Rights of infant owners protected.
§ 156-48 - Compensation for damage to lands.
§ 156-49 - Dissolution of corporation.
§ 156-50 - Laborer's lien for work on canal.
§ 156-51 - Penalty for nonpayment of assessments.