§ 117-22. Covenants or agreements for security of bonds. - North Carolina Statutes

§ 117‑22. Covenants or agreements for security of bonds.

In connection with the issuance of any bonds, a corporation may makecovenants or agreements and do any and all acts or things that a businesscorporation can make or do under the laws of the State in order to secure itsobligations or which, in the absolute discretion of the board, tend to make theobligations more marketable, notwithstanding that such covenants, agreements,acts and things may constitute limitations on the exercise of the powers hereingranted. (1935, c. 291, s.17.)