There is a newer version of the North Carolina General Statutes
2005 North Carolina Code - General Statutes § 117-23. Purchase and cancellation of bonds.
§ 117‑23. Purchase and cancellation of bonds.
A corporation shall have power out of any funds available therefor to purchase any bonds issued by it at a price not exceeding the principal amount thereof and accrued interest thereon. All bonds so purchased shall be canceled. (1935, c. 291, s. 18.)
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