§ 159B-33 – Eminent domain.
159B-33. Eminent domain. Municipalities participating in a joint project and joint agencies shall possess the power of eminent domain to the extent and in the same manner and under the same laws as municipalities pursuant to Chapter 40A of the General Statutes of North Carolina; provided, however, that a municipality or joint agency exercising the […]
§ 159B-34 – Liability and defense.
159B-34. Liability and defense. (a) No commissioner or officer of any joint agency or municipality, or member of an executive committee created pursuant to G.S. 159B-10, or person or persons acting in their behalf, while acting within the scope of their authority, shall be subject to any personal liability or accountability by reason of his […]
§ 159B-35 – Additional method.
159B-35. Additional method. The foregoing sections of this Chapter shall be deemed to provide an additional, alternative and complete method for the doing of the things authorized thereby and shall be deemed and construed to be supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any […]
§ 159B-36 – Recodified as § 159B-52 by Session Laws 1983, c609, s8.
159B-36: Recodified as 159B-52 by Session Laws 1983, c. 609, s. 8.
§ 159B-37 – Actions relating to bonds or to security for bonds.
159B-37. Actions relating to bonds or to security for bonds. Notwithstanding the general provisions concerning venue contained in Chapter 1, Subchapter IV, Article 7, or elsewhere in the General Statutes, any action or proceeding by or against a municipality or a joint agency that concerns or relates to (a) any bonds issued pursuant to this […]
§ 159B-38 – Confidentiality of contract discussions.
159B-38. Confidentiality of contract discussions. Discussions of a proposed or existing contract to which a joint agency may be or is a party for the construction, ownership, or operation of works, plants, and facilities for or incident to the generation, transmission, or use of electric power and energy or the purchase, sale, exchange, interchange, wheeling, […]
§ 159B-39 – Permitted uses of revenue from electric power rates.
159B-39. Permitted uses of revenue from electric power rates. (a) A municipality as authorized in this Chapter shall use revenue derived from rates for electric service to (i) pay the direct and indirect costs of operating the electric system and (ii) transfer to other funds of the municipality a sum that reflects a rate of […]
§ 159B-25 – Refunding bonds.
159B-25. Refunding bonds. (a) A municipality or joint agency is hereby authorized to provide by resolution for the issuance of refunding bonds of the municipality or joint agency for the purpose of refunding any bonds then outstanding which shall have been issued under the provisions of this Chapter, including the payment of any redemption premium […]
§ 159B-26 – Tax exemption.
159B-26. Tax exemption. Bonds shall at all times be free from taxation by the State or any political subdivision or any of their agencies, excepting inheritance or gift taxes, income taxes on the gain from the transfer of the bonds, and franchise taxes. The interest on the bonds is not subject to taxation as income. […]
§ 159B-27 – Taxes; payments in lieu of taxes.
159B-27. Taxes; payments in lieu of taxes. (a) A project jointly owned by municipalities or owned by a joint agency shall be exempt from property taxes; provided, however, that each municipality possessing an ownership share of a project, and a joint agency owning a project, shall, in lieu of property taxes, pay to any governmental […]