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North Carolina General Statutes Chapter 142. State Debt § 142-16. Governor and Council of State may borrow on note

Current as of January 01, 2023 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 142. State Debt § 142-16. Governor and Council of State may borrow on note - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-142-state-debt/nc-gen-st-sect-142-16/

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