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Laws of North Carolina (Last Updated: May 12, 2015) |
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Chapter117. Electrification. |
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Article2. Electric Membership Corporations |
§117-23. Purchase and cancellation of bonds
Latest version.
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A corporation shall have power out of any funds available therefor to purchase any bonds issued by it at a price not exceeding the principal amount thereof and accrued interest thereon. All bonds so purchased shall be canceled.
(1935, c. 291, s. 18.)