§ 157-19 – Additional remedies conferrable by mortgage or trust indenture.
157-19. Additional remedies conferrable by mortgage or trust indenture. Any authority shall have power by its trust indenture, mortgage, lease or other contract to confer upon any obligee holding or representing a specified amount in bonds, lease or other obligations the right upon the happening of an "event of default" as defined in such instrument: […]
§ 157-20 – Remedies cumulative.
157-20. Remedies cumulative. All the rights and remedies hereinabove conferred shall be cumulative and in addition to all other rights and remedies that may be conferred upon such obligee of the authority by law or by any contract with the authority. (1935, c. 456, s. 20.)
§ 157-21 – Limitations on remedies of obligee.
157-21. Limitations on remedies of obligee. All property of the authority shall be exempt from levy and sale by virtue of an execution, and no execution shall issue against the same. No judgment against the authority shall be a charge or lien against its property, real or personal. The provisions of this section shall not […]
§ 157-22 – Title obtained at foreclosure sale subject to agreement with government.
157-22. Title obtained at foreclosure sale subject to agreement with government. Notwithstanding anything in this Article to the contrary, any purchaser or purchasers at a sale of real or personal property of the authority whether pursuant to any foreclosure of a mortgage, pursuant to judicial process or otherwise, shall obtain title subject to any contract […]
§ 157-23 – Contracts with federal government.
157-23. Contracts with federal government. In addition to the powers conferred upon the authority by other provisions of this Article, the authority is empowered to borrow money and/or accept grants from the federal government for or in aid of the construction of any housing project which such authority is authorized by this Article to undertake, […]
§ 157-24 – Security for funds deposited by authorities.
157-24. Security for funds deposited by authorities. The authority may by resolution provide that (1) All moneys deposited by it shall be secured by obligations of the United States or of the State of a market value equal at all times to the amount of such deposits or (2) By any securities in which savings […]
§ 157-16 – Provisions of bonds, trust indentures, and mortgages.
157-16. Provisions of bonds, trust indentures, and mortgages. In connection with the issuance of bonds and/or the incurring of any obligation under a lease and in order to secure the payment of such bonds and/or obligations, the authority shall have power: (1) To pledge by resolution, trust indenture, mortgage, or other contract, all or any […]
§ 157-17 – Power to mortgage when project financed with governmental aid.
157-17. Power to mortgage when project financed with governmental aid. In connection with the interim or permanent financing of any project to be permanently financed in whole or in part by a government, or the permanent financing of which is to be secured by a pledge of a government commitment for rental assistance payments, the […]
§ 157-9.1 – Moderate income.
157-9.1. Moderate income. (a) Whenever the words "low income" appear in this Chapter, they shall be construed to mean "low and moderate income." (b) This section applies only to the housing authority of the largest city in a county which has two or more cities with a population of 60,000 or over, according to the […]
§ 157-9.2 – Additional powers.
157-9.2. Additional powers. (a) The findings and purposes set forth in the first three paragraphs of G.S. 122A-2 and in G.S. 122A-5.4(a) are hereby restated and incorporated herein by reference, except that for purposes of incorporating such findings and purposes herein, the phrases "North Carolina Housing Finance Agency" and "Agency" shall read "authority" and the […]