§ 159C-24 – Additional method.
159C-24. Additional method. The foregoing sections of this Chapter shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby and shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any powers now existing; provided, […]
§ 159C-25 – Liberal construction.
159C-25. Liberal construction. This Chapter, being necessary for the prosperity and welfare of the State and its inhabitants, shall be liberally construed to effect the purposes hereof. (1975, c. 800, s. 2.)
§ 159C-26 – Inconsistent laws inapplicable.
159C-26. Inconsistent laws inapplicable. Insofar as the provisions of this Chapter are inconsistent with the provisions of any general, special or local laws, or parts thereof, the provisions of this Chapter shall be controlling. (1975, c. 800, s. 3.)
§ 159C-27 – Creation, etc., of prior authorities ratified.
159C-27. Creation, etc., of prior authorities ratified. The creation, formation and organization of all authorities heretofore [prior to June 24, 1977] purported to have been created, formed and organized are hereby ratified, confirmed and validated. (1977, c. 719, s. 9.)
§ 159C-16 – Conflict of interest.
159C-16. Conflict of interest. If any officer, commissioner or employee of the authority, or any member of the governing body of the county for which the authority is created, shall be interested either directly or indirectly in any contract with the authority, such interest shall be disclosed to the authority and the county board of […]
§ 159C-17 – Credit of State not pledged.
159C-17. Credit of State not pledged. Bonds issued under the provisions of this Chapter shall not be deemed to constitute a debt of the State or any political subdivision or any agency thereof or a pledge of the faith and credit of the State or any political subdivision or any such agency, but shall be […]
§ 159C-18 – Bonds eligible for investment.
159C-18. Bonds eligible for investment. Bonds issued by an authority under the provisions of this Chapter are hereby made securities in which all public officers and agencies of the State and all political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, […]
§ 159C-19 – Revenue refunding bonds.
159C-19. Revenue refunding bonds. (a) Each authority is authorized to provide by resolution for the issuance of refunding bonds of the authority for the purpose of refunding any bonds then outstanding that have been issued under the provisions of this Chapter, including the payment of any redemption premium on them and any interest accrued or […]
§ 159C-20 – No power of eminent domain.
159C-20. No power of eminent domain. No authority shall have any right or power to acquire any property through the exercise of eminent domain or any proceedings in the nature of eminent domain. (1975, c. 800, s. 1.)
§ 159C-21 – Dissolution of authorities.
159C-21. Dissolution of authorities. Whenever the board of commissioners of an authority and the governing body of the county for which such authority was created shall by joint resolution determine that the purposes for which the authority was formed have been substantially fulfilled and that all bonds theretofore issued and all other obligations theretofore incurred […]