§ 156-122. Increase to extinguish debt. - North Carolina Statutes

§ 156‑122. Increase to extinguish debt.

If in the opinion of the board of drainage commissioners it would helpthe sale of the maintenance or improvement bonds, or they would deem itnecessary under the provision of G.S. 156‑101, they may, with the approvalof the clerk of the superior court, add to the amount estimated by the board ofviewers a sufficient amount to pay off all outstanding obligations of thedistrict, leaving this their only bond issue. (1923, c. 231, s. 5; C.S., s. 5373(e).)