159B-21. Bonds eligible for investment.
Bonds issued by a municipality or joint agency under the provisions of this Chapter are hereby made securities in which all public officers and agencies of the State and all political subdivisions, all insurance companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities which may properly and legally be deposited with and received by any officer or agency of the State or any political subdivision for any purpose for which the deposit of bonds or obligations of the State or any political subdivision is now or may hereafter be authorized by law. (1975, c. 186, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 159B - Joint Municipal Electric Power and Energy Act
Article 2 - Joint Agencies; Municipalities.
§ 159B-4 - Authority of municipalities to jointly cooperate.
§ 159B-6 - Sale of capacity and output by a municipality.
§ 159B-7 - Licenses, permits, certificates and approvals.
§ 159B-9 - Creation of a joint agency; board of commissioners.
§ 159B-10 - Executive committee, composition; powers and duties; terms.
§ 159B-11 - General powers of joint agencies; prerequisites to undertaking projects.
§ 159B-13 - Sale of excess capacity and output by a joint agency.
§ 159B-14 - Bonds of a joint agency.
§ 159B-15 - Issuance of bonds.
§ 159B-16 - Resolution or trust agreement.
§ 159B-16.1 - Revenues NCEMPA members.
§ 159B-17 - Revenues other municipalities.
§ 159B-18 - Trust funds; investment authority.
§ 159B-20 - Status of bonds under Uniform Commercial Code.
§ 159B-21 - Bonds eligible for investment.
§ 159B-22 - Agreement of the State.
§ 159B-23 - Limited liability.
§ 159B-24 - Approval and sale of bonds.
§ 159B-27 - Taxes; payments in lieu of taxes.
§ 159B-29 - Dissolution of joint agencies.
§ 159B-30.1 - Additional reports.
§ 159B-31 - Legislative consent to the application of laws of other states.
§ 159B-32 - Government grants and loans.
§ 159B-34 - Liability and defense.
§ 159B-35 - Additional method.
§ 159B-36 - Recodified as § 159B-52 by Session Laws 1983, c609, s8.
§ 159B-37 - Actions relating to bonds or to security for bonds.
§ 159B-38 - Confidentiality of contract discussions.
§ 159B-39 - Permitted uses of revenue from electric power rates.