§ 116-207. Terms of acquisitions. - North Carolina Statutes

§ 116‑207.  Termsof acquisitions.

The Authority shall prescribe the terms, conditions and limitationsupon which it will acquire a contingent or direct interest in any obligationand such terms, conditions and limitations shall include, but without limitingthe generality hereof, the interest rate payable upon such obligations, thematurities thereof, the terms for payment of principal and interest, applicablelife or other insurance  which may be required in connection with any suchobligation and who shall pay the premiums thereon, the safekeeping of assetspledged to secure any such undertaking, and any and all matters in connectionwith the foregoing as will protect the assets of the Authority. (1965, c. 1180, s. 1.)