§ 143-192. Fund to be invested by Governor and Council of State; State Treasurer custodian. - North Carolina Statutes

§ 143‑192.  Fund tobe invested by Governor and Council of State; State Treasurer custodian.

The Governor and Council of State are hereby fully authorized anddirected to invest the said fund exclusively in bonds of the United States ofAmerica, of such series as may be readily converted into money and notes orcertificates of indebtedness of the United States of America, or in bonds,notes or other obligations of any agency or instrumentality of the UnitedStates of America, when the payment of principal and interest thereof is fullyguaranteed by the United States of America, and in bonds or notes of the Stateof North Carolina. The interest and revenues received from such investments, orprofits realized in the sale thereof, shall become a part of the said StatePost‑War Reserve Fund and shall be likewise invested. Bonds of the Stateof North Carolina purchased for the said fund shall not be cancelled or retiredbut shall remain in full force  and the income therefrom reinvested ashereinbefore provided. The State Treasurer shall be custodian of all securitiesand investments made under authority of this Article. (1943, c. 6, s. 2.)