157-57. Obligations issued for projects made legal investments; security for public deposits.
Bonds or other obligations issued by a housing authority for a project developed or administered pursuant to this Article shall be security for public deposits and legal investments to the same extent and for the same persons, institutions, associations, corporations, bodies and officers as bonds or other obligations issued pursuant to Article 1 of this Chapter for the development of a slum clearance or housing project for persons of low income. (1941, c. 63, s. 5.)
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.