§ 159-129. Obligations of units certified by Commission. - North Carolina Statutes

§ 159‑129.  Obligationsof units certified by Commission.

Each bond or bond anticipationnote that is represented by an instrument shall bear on its face or reverse acertificate signed by the secretary of the Commission or an assistantdesignated by the secretary that the issuance of the bond or note has beenapproved under the provisions of The Local Government Bond Acts, the LocalGovernment Revenue Bond Act, or the North Carolina Project DevelopmentFinancing Act. This signature may be a manual or facsimile signature as theCommission may determine. Each bond or bond anticipation note that is notrepresented by an instrument shall be evidenced by a writing relating to suchobligation, which writing shall identify such obligation or the issue of whichit is part, bear this certificate, and be on file with the Commission. Thecertificate shall be conclusive evidence that the requirements of thisSubchapter have been observed, and no bond or note without the Commission'scertificate or with respect to which a writing bearing this certificate has notbeen filed with the Commission shall be valid. (1931, c. 60, s. 22; c. 296, s. 2; 1971, c. 780, s. 1;1973, c. 494, s. 24; 1981 (Reg. Sess., 1982), c. 1276, s. 7; 1983, c. 322, s.5; 2003‑403, s. 10.)