§ 63A-13 – Financing agreements.
63A-13. Financing agreements. (a) Every financing agreement shall contain provisions ensuring all of the following: (1) That the amounts payable under the financing agreement are sufficient to pay, when due, the principal of, redemption premium, if any, and interest on the bonds issued to pay the costs of the special user project. (2) That the […]
§ 63A-14 – Security documents.
63A-14. Security documents. Bonds issued under the provisions of this Chapter may be secured by a security document which may be a trust instrument between the Authority and a bank or trust company or individual within the State, or a bank or a trust company outside the State, as trustee. The security document may pledge […]
§ 63A-15 – County agreements.
63A-15. County agreements. Any county in which all or part of a cargo airport complex site is located may enter into an agreement with the Authority providing for payments to be made by the county to the Authority. A county may not enter into an agreement to make payments to the Authority until after the […]
§ 63A-16 – Remedies.
63A-16. Remedies. Any owner of bonds or notes issued under the provisions of this Chapter or any coupons appertaining thereto, and the trustee under any trust agreement securing or resolution authorizing the issuance of such bonds or notes, except to the extent the rights given may be restricted by the trust agreement or resolution, may […]
§ 63A-17 – Status of bonds and notes under Uniform Commercial Code.
63A-17. Status of bonds and notes under Uniform Commercial Code. All bonds and notes and interest coupons, if any, issued under this Chapter are made investment securities within the meaning of and for all the purposes of Article 8 of the Uniform Commercial Code, as enacted in Chapter 25 of the General Statutes. (1991, c. […]
§ 63A-2 – Definitions.
63A-2. Definitions. The following definitions apply in this Chapter: (1) Aircraft. – A contrivance that is used or designed for flight. (2) Airport project. – Any of the following that is part of or is used in connection with a cargo airport or a facility at a cargo airport complex site and is not a […]
§ 63A-3 – Creation of Authority and Board.
63A-3. Creation of Authority and Board. (a) Creation. – The North Carolina Global TransPark Authority is created as a body corporate and politic having the powers and jurisdiction as provided under this Chapter or any other law. The Authority is a State agency created to perform essential governmental and public functions. The Authority shall be […]
§ 63A-4 – Powers of the Authority.
63A-4. Powers of the Authority. (a) The Authority shall have all of the powers necessary to execute the provisions of this Chapter, which shall include at least the following powers: (1) The powers of a corporate body, including the power to sue and be sued, to make contracts, to adopt and use a common seal, […]
§ 63A-5 – Taxation of property of Authority.
63A-5. Taxation of property of Authority. Property owned by the Authority is exempt from taxation in accordance with Article V, 2 of the North Carolina Constitution. Property that is part of or is located on a cargo airport complex site and is not owned by the Authority, including property that is part of a special […]
§ 63A-6 – Acquisition, disposition, or exchange of real property.
63A-6. Acquisition, disposition, or exchange of real property. (a) General. The Authority may acquire real property by purchase, negotiation, gift, devise, or eminent domain. Any acquisition by eminent domain by the Authority of real property or an estate or interest in real property must be reviewed and approved by the Council of State before it […]