§ 156-112. Duty of treasurer to make payment; penalty. - North Carolina Statutes

§ 156‑112.  Duty oftreasurer to make payment; penalty.

It shall be the duty of the treasurer, and without any previous orderfrom the board of drainage commissioners, to provide and pay the installmentsof interest at the time and place as evidenced by the coupons attached to thebonds, and also to pay the annual installments of the principal due on thebonds at the time and place as evidenced by the bonds.  The treasurer shall beguilty of a Class 1 misdemeanor if he shall willfully fail to make prompt paymentsof the interest and principal of the bonds, and he shall likewise be liable ina civil action for all damages which may accrue either to the board of drainagecommissioners or to the holder of such bonds, to either or both of whom a rightof action is hereby given. (1911, c. 67, s. 12; C.S., s. 5368; 1963, c. 767, s. 4; 1993, c. 539,s. 1077; 1994, Ex. Sess., c. 24, s. 14(c).)