157-55. Cooperation with federal government; sale to same.
A housing authority may exercise any or all of its powers for the purpose of cooperating with, or acting as agent for, the federal government in the development or administration of projects by the federal government to assure the availability of safe and sanitary dwellings for persons engaged in national defense activities and may undertake the development or administration of any such project for the federal government. In order to assure the availability of safe and sanitary housing for persons engaged in national defense activities, a housing authority may sell (in whole or in part) to the federal government any housing projects developed for persons of low income but not yet occupied by such persons; such sale shall be at such price and upon such terms as the housing authority shall prescribe and shall include provision for the satisfaction of all debts and liabilities of the authority relating to such project. (1941, c. 63, s. 3.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 157 - Housing Authorities and Projects
Article 4 - National Defense Housing Projects.
§ 157-52 - Purpose of Article.
§ 157-54 - Rights, powers, etc., of housing authorities relative to national defense projects.
§ 157-55 - Cooperation with federal government; sale to same.
§ 157-56 - Cooperation of State public bodies in developing projects.
§ 157-57 - Obligations issued for projects made legal investments; security for public deposits.
§ 157-58 - Bonds, notes, etc., issued heretofore, validated.
§ 157-59 - Further declaration of powers granted housing authorities.