GroundRules
N.C. Gen. Stat. § 142-16: Governor and Council of State may borrow on note.
Where this section sits in the code
- Chapter 142. State Debt.
- Article 2. Borrowing Money in Emergencies and in Anticipation of Collection of Taxes.
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.)
Collected 2026-08-27T18:22:27Z. Source file · JSON