2005 North Carolina Code - General Statutes § 142-16. Governor and Council of State may borrow on note.
Article 2.
Borrowing Money in Emergencies and in Anticipation of Collection of Taxes.
§ 142‑16. Governor and Council of State may borrow on note.
The Governor and Council of State may authorize and empower the State Treasurer in the intervals between sessions of the General Assembly, to borrow money on short term notes to meet any emergency arising from the destruction of the State's property, whether used by department or institution, or from some unforeseen calamity not amounting to its destruction. (1927, c. 49, s. 1.)
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