§ 117-43 – Filing and recording of articles of consolidation or merger.
117-43. Filing and recording of articles of consolidation or merger. Articles of consolidation or merger shall be filed with the Secretary of State, who shall forthwith prepare one or more certified copies thereof and forward one to the register of deeds of each county in which a portion of the territory of the filing corporation […]
§ 117-44 – Effect of consolidation or merger.
117-44. Effect of consolidation or merger. Upon compliance with the provisions of G.S. 117-44: (1) a. In the case of a consolidation, the existence of the consolidating corporations shall cease and the articles of consolidation shall be deemed to be the articles of incorporation of the new corporation; and b. In the case of a […]
§ 117-28 – Foreign corporations; domestication; rights and privileges.
117-28. Foreign corporations; domestication; rights and privileges. Any electric or telephone membership corporation created and existing under and by virtue of the laws of any adjoining state, which corporation desires to extend its lines into this State for the purpose of obtaining its power and energy needs, or an exchange interconnection, or for the purpose […]
§ 117-28.1 – Electric membership corporations; easements.
117-28.1. Electric membership corporations; easements. (a) Any easement owned, held, or otherwise used by an electric membership corporation for the purpose of electrification, as stated in G.S. 117-10 may also be used by the corporation, or its wholly owned subsidiary, for the ancillary purpose of supplying high-speed broadband service, where such use does not require […]
§ 117-29 – Assistance from Rural Electrification Authority in procuring adequate telephone service.
117-29. Assistance from Rural Electrification Authority in procuring adequate telephone service. Any number of persons residing in any rural community who are not provided with telephone service or are inadequately provided with same, may make application to the Rural Electrification Authority, upon such form as may be provided by the Rural Electrification Authority for assistance […]
§ 117-20 – Encumbrance, sale, etc., of property.
117-20. Encumbrance, sale, etc., of property. No corporation may sell, mortgage, lease or otherwise encumber or dispose of any of its property (other than merchandise and property which lie within the limits of an incorporated city or town, or which shall represent not in excess of ten percent (10%) of the total value of the […]
§ 117-21 – Issuance of bonds.
117-21. Issuance of bonds. A corporation formed hereunder shall have power and is hereby authorized, from time to time, to issue its bonds in anticipation of its revenue for any corporate purpose. Said bonds may be authorized by resolution or resolutions of the board, and may bear such date or dates, mature at such time […]
§ 117-22 – Covenants or agreements for security of bonds.
117-22. Covenants or agreements for security of bonds. In connection with the issuance of any bonds, a corporation may make covenants or agreements and do any and all acts or things that a business corporation can make or do under the laws of the State in order to secure its obligations or which, in the […]
§ 117-23 – Purchase and cancellation of bonds.
117-23. Purchase and cancellation of bonds. 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.)
§ 117-24 – Dissolution.
117-24. Dissolution. Any corporation created hereunder may be dissolved by filing, as hereinafter provided, a certificate which shall be entitled and endorsed "Certificate of Dissolution of ______ " (the blank space being filled in with the name of the corporation) and shall state: (1) Name of the corporation, and if such corporation is a corporation […]