116-187. Purpose of Article. The purpose of this Article is to authorize the Board of Governors of the University of North Carolina to issue revenue bonds, payable from rentals, charges, fees (including student fees) and other revenues but with no pledge of taxes or the faith and credit of the State or any agency or […]
116-188. Credit and taxing power of State not pledged; statement on face of bonds. Revenue bonds issued as in this Article provided shall not be deemed to constitute a debt or liability of the State or any political subdivision thereof or a pledge of the faith and credit of the State or of any such […]
116-189. Definitions. As used in this Article, the following words and terms shall have the following meanings, unless the context shall indicate another or different meaning or intent: (1) The word "Board" shall mean the Board of Governors of the University of North Carolina. (2) The word "cost," as applied to any project, shall include […]
116-190. General powers of Board of Governors. The Board is authorized, subject to the requirements of this Article: (1) To determine the location and character of any project or projects and to acquire, construct and provide the same and to maintain, repair and operate and enter into contracts for the management, lease, use or operation […]
116-191. Issuance of bonds and bond anticipation notes. The Board is hereby authorized to issue, subject to the approval of the Director of the Budget, at one time or from time to time, revenue bonds of the Board for the purpose of paying all or any part of the cost of acquiring, constructing or providing […]
116-192. Trust agreement; money received deemed trust funds; insurance; remedies. In the discretion of the Board and subject to the approval of the Director of the Budget, any revenue bonds issued under this Article may be secured by a trust agreement by and between the Board and a corporate trustee (or trustees) which may be […]
116-193. Fixing fees, rents and charges; sinking fund. For the purpose of aiding in the acquisition, construction or provision of any project and the maintenance, repair and operation of any project or any existing facilities, the Board is authorized to fix, revise from time to time, charge and collect from students enrolled at the institution […]
116-194. Vesting powers in executive committee. The Board may authorize its executive committee to sell any bonds which the Board has, with the approval of the Director of the Budget, authorized to be issued under this Article in such manner and under such limitations or conditions as the Board shall prescribe and to perform such […]
116-195. Refunding bonds. The Board is hereby authorized, subject to the approval of the Director of the Budget, to issue from time to time revenue refunding bonds for the purpose of refunding any revenue bonds or revenue refunding bonds issued by the Board under Chapter 1289 of the 1955 Session Laws of North Carolina or […]
116-196. Exemption from taxation; bonds eligible for investment or deposit. Any bonds issued under this Article shall at all times be exempt from all taxes or assessment, direct or indirect, general or special, whether imposed for the purpose of general revenue or otherwise, which are levied or assessed by the State or by any county, […]
116-197. Article provides additional and alternative method. This Article shall be deemed to provide an additional and alternative method for the doing of the things authorized hereby and shall be regarded as supplemental and additional to powers conferred by other laws, including G.S. 116-175 to 116-185, inclusive, and shall not be regarded as in derogation […]
116-198. Inconsistent laws declared inapplicable. All general, special or local laws, or parts thereof, inconsistent herewith are hereby declared to be inapplicable to the provisions of this Article. (1963, c. 847, s. 12.)