There Is a Newer Version
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the North Carolina General Statutes
2011 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.
Universal Citation:
NC Gen Stat § 159-121
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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.)
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