§ 143-304. Salary deductions and purchase of bonds authorized. - North Carolina Statutes

§ 143‑304.  Salarydeductions and purchase of bonds authorized.

Upon the execution of such agreement by any State employee with theState department, institution or agency where employed, the department,institution or agency is authorized and empowered to deduct the sum specifiedin said agreement from the weekly or monthly salary of such employee, and toshow deduction on all pay rolls similar to withholding tax, retirement,insurance, hospitalization, etc. Such sums shall be held until sufficient moneyshave accumulated to the credit of each individual sufficient to purchase abond, and such sum shall be invested in United States savings bonds, for andon  behalf of such employee, and the bonds shall be delivered to the employeeas soon as practical. Provided that no coercion of any sort shall be exercisedto require any person to participate. (1951, c. 1020, s. 4.)