159-121. Coupon or registered bonds to be issued.
Bonds may be issued as (i) coupon bonds payable to bearer, (ii) coupon bonds registrable as to principal only or as to both principal and interest, or (iii) bonds without coupons registered as to both principal and interest. Each issuing unit may appoint or designate a bond registrar who shall be charged with the duty of attending to the registration and the registration of transfer of bonds. (1917, c. 138, s. 29; 1919, c. 178, s. 3(29); C.S., s. 2955; 1921, c. 8, s. 1; Ex. Sess. 1921, c. 106, s. 1; 1927, c. 81, s. 36; 1971, c. 780, s. 1; 1973, c. 494, s. 22.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 159 - Local Government Finance
Article 7 - Issuance and Sale of Bonds.
§ 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.
§ 159-128 - 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.
§ 159-135 - 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.