§ 159-138. Cancellation of bonds and notes. - North Carolina Statutes

§ 159‑138. Cancellation of bonds and notes.

Each bond or note and coupon shall be cancelled when (i) it is paid, or(ii) it is acquired by the issuing unit in any manner other than purchase forinvestment. A full report of the cancellation of all bonds, notes, and couponsshall be made to the secretary on forms provided by the Commission. (1931, c. 60, s. 27; 1939, c. 356; 1971, c. 780, s.1.)