§ 159-134. Fiscal agents. - North Carolina Statutes

§ 159‑134.  Fiscalagents.

An issuing unit may employ a bank or trust company either within orwithout this State as fiscal agent for the payment of installments of principaland interest on the bonds, and for the destruction of paid or cancelled bondsand coupons, and may pay reasonable fees for this service not in excess ofmaximum rates to be fixed by regulation of the Commission. If an issuing unitemploys another person as such fiscal agent or any other person for otherservices pursuant to the Registered Public Obligations Act of North Carolina,then it may pay reasonable fees for such services not in excess of maximumrates to be fixed by regulation of the Commission. (1971, c. 780, s. 1; 1983, c. 322, s. 6.)