North Carolina General Statutes § 116-207 Terms of acquisitions

The Authority shall prescribe the terms, conditions and limitations upon which it will acquire a contingent or direct interest in any obligation and such terms, conditions and limitations shall include, but without limiting the generality hereof, the interest rate payable upon such obligations, the maturities thereof, the terms for payment of principal and interest, applicable life or other insurance  which may be required in connection with any such obligation and who shall pay the premiums thereon, the safekeeping of assets pledged to secure any such undertaking, and any and all matters in connection with the foregoing as will protect the assets of the Authority. (1965, c. 1180, s. 1.)

Sections:  Previous  116-198.40  116-201  116-202  116-203  116-204  116-205  116-206  116-207  116-208  116-209  116-209.1  116-209.2  116-209.3  116-209.4  116-209.5  Next

Last modified: March 23, 2014